Magazine article Editor & Publisher

'Tampa Tribune' Tamps Down Media General May Results

Magazine article Editor & Publisher

'Tampa Tribune' Tamps Down Media General May Results

Article excerpt

A 30% drop in classified ad revenues driven by the continuing swoon in the Tampa, Florida, market helped drive down Media General Inc. revenue for May, the Richmond, Va.-based publisher and broadcaster reported Tuesday afternoon.

Media General said its total revenues for the month declined 9.8% from May 2007 to $64.3 million.

Most of the decline came from Media General's publishing division, which in turn can blame most of its 14.6% revenue fall-out on its Tampa properties, including the Tampa Tribune. Media General said its Florida revenues dropped 22.8% in the month.

Excluding Florida, publishing division revenue would have been down 10.8%, the company said.

It noted that its Alabama papers increased revenue by 1.3%, and that sales were also up, by 1%, in South Carolina, largely on revenues from a new weekly newspaper in the greater Florence/Myrtle Beach market.

Newspaper and publishing classified dropped $ $4.4 million, or 30. …

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