Media General, Journal suffer July reversals


The immediate prospects for two broadcasting companies that are also heavily invested in the newspaper business are not good, the way print has been going lately. But while the print side of these businesses was the loss leader for July, the broadcast side of the business also came home in the red. At Media General, it lost 3.3% July 2007 to July 2006, comprised of a 6.8% decline in publishing with a minimal sub-1% loss in broadcasting. It’s growing interactive division picked up 37.4%. Over at Journal, July revenues were down 8%, comprised of a 10.6% drop in publishing and a 5.5% drop in broadcasting. It blamed the broadcast losses on the sale of two radio stations and the lack of political advertising.