DALLAS, July 24, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring communications/publications company Media General Inc. (MEG). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Media General Inc. (NYSE:MEG) should be of particular interest to other communications/publications companies: The E.W. Scripps Company (NYSE:SSP), Gannett Co. Inc. (NYSE:GCI), The Washington Post. (NYSE:WPO) and The New York Times Co. (NYSE:NYT).
It is available at: http://www.stockpreacher.com/n/MEG
Media General Inc. (MEG) is an independent communications company with interests in newspapers, television stations and interactive media in the United States. The Company operates in three business segments: Publishing, Broadcast and Interactive Media. The Company owns 24 daily newspapers and more than 250 other publications, as well as 19 television stations. The Company also operates more than 75 online enterprises.
In the report, the analyst notes:
"Despite plunging classified-ad revenues, the Company posted quarterly gains on cost cutting measures and selling off a Panama City, Florida television station WMBB and Alexandria, Louisiana television station KALB.
"As for MEG's long-term prospects, [Marshall] Morton said the Company has expanded into new digital and mobile platforms and created new ways to serve consumers and advertisers. MEG is executing effectively on its Internet partnerships with Yahoo! and Zillow and generating new revenue streams in its interactive advertising services businesses such as DealTaker.com, said Morton."
To read the entire report visit: http://www.stockpreacher.com/n/MEG
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