Media General's revenues drop

TV station and newspaper company, Media General, Inc., is reporting a drop in total revenues for November. Today's announcement said November 2007 total revenues were a 12.5 percent decrease from November 2006. The publishing division, which includes The Tampa Tribune, the Richmond Times-Dispatch and the Winston-Salem Journal, and the broadcast segment both suffered losses, while revenues for the interactive media division went up 34.8 percent.
In what seems to be a common scenario for the newspaper industry in 2007, most of the decline in publishing revenues is attributable to a drop in classified ad revenue.

Read the entire release here.