Operating income was up 164 percent at Media General in its second quarter, the company announced today, reports Andrew Beaujon of the Poynter Institute.
“It attributed the rise to political advertising and retransmission fees, which were up 80 percent. On its balance sheet, the company categorizes the Tampa Tribune, its only remaining newspaper property since it sold most of its newspapers to Berkshire Hathaway in May, as ‘discontinued operations,’ a category that also includes Dealtaker.com and a broadcast equipment business.”
A discontinued operation? Tell that to the folks who write for and print tomorrow’s edition of the Trib. Nothing ‘discontinued’ there.
What a dis!