FOURTH QUARTER TOTAL SEGMENT OPERATING INCOME OF $1.2 BILLION ON REVENUE OF $8.4 BILLION
Record political advertising fuels strong growth in operating income
When it comes to using social media to improve crisis reporting, few have the experience of Al Jazeera, given its role in a volatile region – intense coverage of the Arab Spring, the Iranian elections, the Gaza conflict and more.
Media General, Inc. (NYSE: MEG) announced today that its tender offer to purchase up to $45.2 million of its 11?% Senior Secured Notes due 2017 expired on July 30, 2012 at 5 p.m. ET. Media General accepted for purchase $200,000 of notes that were validly tendered and the purchased notes were canceled. Holders of the validly tendered notes received the announced purchase price of 100% of the principal amount plus accrued and unpaid interest to the date of payment. All notes not tendered remain outstanding, leaving a principal amount due of $299.8 million.
The Washington Post Company (NYSE: WPO) today reported net income attributable to common shares of $51.8 million ($6.84 per share) for the second quarter ended June 30, 2012, compared to $45.6 million ($5.74 per share) for the second quarter of last year. Net income includes $17.8 million ($2.36 per share) in income from discontinued operations and $2.0 million ($0.26 per share) in losses from discontinued operations for the second quarter of 2012 and 2011, respectively. Income from continuing operations attributable to common shares was $34.0 million ($4.48 per share) for the second quarter of 2012, compared to $47.6 million ($6.00 per share) for the second quarter of 2011.
Enhancements Include Improved Navigation and Social Media Integration
“Crowd Sourced” special feature will allow Post journalists to ask questions, start a dialogue around some of today’s top issues
