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MEDIA GENERAL REPORTS THIRD QUARTER RESULTS

 MEDIA GENERAL REPORTS THIRD QUARTER RESULTS
 RICHMOND, Va., Oct. 8 /PRNewswire/ -- Media General


(AMEX: MEG.A) today reported third quarter net income of $1.9 million, or $0.07 per share, compared with a third quarter 1991 loss of $78.8 million, or $3.03 per share.
 Third quarter 1992 revenues were $140.0 million compared with revenues of $142.2 million for the third quarter of 1991.
 The Company's third quarter 1991 loss included special charges associated with an early retirement program and the consolidation of its two Richmond newspapers, and a large loss, due principally to write-downs, from its unconsolidated affiliate, Garden State Newspapers, Inc. (GSN).
 Net income for the first nine months of 1992 was $11.0 million, or $0.42 per share, versus a loss of $71.3 million, or $2.74 per share for the first nine months of 1991, as the result of the special charges and GSN loss.
 Revenues for the first nine months of 1992 were $428.7 million, versus revenues of $437.9 million for the comparable 1991 period.
 Media General said third quarter revenues and operating profits were paced by the Company's cable television units. Newspaper and broadcast television revenues were essentially flat with those of the year-earlier period, while newsprint revenues declined as the result of continued depressed pricing levels.
 Quarters Ended Nine Months Ended
 Sept. 27, Sept. 30, Sept. 27, Sept. 30,
 1992 1991 1992 1991
 Revenues $139,967,000 $142,170,000 $428,727,000 $437,854,000
 Net Income
 (Loss) $ 1,902,000 $(78,786,000) $ 11,028,000 $(71,272,000)
 Earnings (Loss)
 Per Common
 Share $ 0.07 $ (3.03) $ 0.42 $ (2.74)
 Weighted
 Average
 Common
 Shares and
 Equivalents 26,061,000 25,992,000 26,056,000 25,989,000
 -0- 10/8/92
 /CONTACT: Robert W. Pendergast, Media General, 804-649-6657/
 (MEG) CO: Media General ST: Virginia IN: TLS SU: ERN


CM -- CH010 -- 7807 10/08/92 11:38 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
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