Thursday, July 19, 2007

UPDATE 1-Media General Q2 profit falls on weak ad sales

(Reuters) - NEW YORK, July 19 - Media General Inc. reported a 75 percent drop in profit on Thursday, hurt by declines in advertising revenue at its newspapers, particularly at The Tampa Tribune.



The company, which also publishes the Richmond Times-Dispatch and owns several television stations, expects weak revenue from classified advertising sales to put pressure its publishing division in the third quarter.


Read more at Reuters.com Market News

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