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“This is unfortunately the same song in the sixth saidJanet Coats, executive editoer of the publishing in a story published on the company’s TBO.com. The publishinyg group is owned byin Va. The cuts affect 17 positione at the Tribune and six from WFLA along with two open according tothe report. This most recent rouns follows the elimination of 65 positionx March 30 and the increasre of mandatory unpaid leave days from 10to 13. There’ s some sunlight peering throughthe however. The media group locally is gaininv share in the localadvertising market, Coats said, whicj could help bring revenues back up. Mediz General (NYSE: MEG) reported a loss of $21.
3 million, or 96 centes per share, in the most recent quarter endedMarch 29, compare to a $20.3 million, or 92 centd per share, loss the year before. Revenuwe was $159.5 million for the down from the $194.5 million posted the year Media General shares were tradintat $3.27 just before noon up nearly 1 percent from the day beforew and more than $2 over thei r 52-week low. Shares had traded as high as $27.1 8 over the past year.
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