Media General Q2 Profit Rises, Revenues Surge

(RTTNews) - Media General, Inc. (MEG) Tuesday reported second-quarter net income attributable to the company of $6.8 million or $0.08 per share, higher than $3.7 million or $0.06 per share a year ago.

Earlier, in November , Media General and New Young Broadcasting Holding Co., Inc. were combined in an all-stock merger transaction.

On average, 3 analysts polled by Thomson Reuters expected earnings of $0.16 per share for the quarter. Analysts' estimates typically exclude special items.

Operating income rose to $22 million from $13.1 million in the second quarter of 2013.

Operating revenue surged to $154.1 million from $55.8 million in the prior year. Analysts estimated revenue of $153.33 million.