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“This is unfortunately the same song in the sixth saidJanet Coats, executive editore of the publishing group, in a storyg published on the company’s TBO.com. The publishing groupl is owned byin Richmond, Va. The cuts affect 17 positiones at the Tribune and six from WFLA alonb with twoopen positions, according to the This most recent round follows the elimination of 65 positions March 30 and the increaswe of mandatory unpaid leave days from 10 to 13. There’s some sunlight peering throughthe however. The media group locally is gaininhg share in the localadvertisinb market, Coats said, which could help bring revenues back up.
Media General (NYSE: MEG) reported a loss of $21.2 million, or 96 cents per share, in the most recent quartedr endedMarch 29, compared to a $20.3 or 92 cents per loss the year before. Revenue was $159.5 millioj for the quarter, down from the $194.65 million posted the year Media General shares were tradingat $3.2 just before noon Wednesday, up nearly 1 percent from the day beforee and more than $2 over theirt 52-week low. Shares had traded as high as $27.
18 over the past
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