What's this blog really about?

You may notice a variety of topics here - from business, to charity promotion, even to local news, but the primary reason this blog was created was to alert readers to the hostile atmosphere and sexual harassment at The Danville Register & Bee. The readers and creator of this blog want a FULL FRONT PAGE apology in the Danville Register & Bee, plus the disciplining of those individuals involved. Until then, we'll continue to post regular updates. To tolerate THIS kind of behavior by a major media network is intolerable. And this isn't just ONE instance. Media General has been sued nationwide for racism and sexism, yet they CONTINUE to keep the offenders employed. Why? And why am I doing this? TRUTH compels me.

Tuesday, June 24, 2008

How are they doing? Really doing...

Media General reported a net loss for the first quarter of 2008 of $20.3 million - almost a dollar a share!! (91 cents to be exact). That's compared to their net loss of $6.5 million in 2007's first quarter.

Publishing revenues decreased 16.7 percent from 2007. Classified ads are down 27.9 percent. Retail revenues are down 10.8 percent...man....it just gets worse!

Broadcast down 1.2 percent....Gross time sales down 3.1 percent....local time sales declined 4.4 percent... National time sales fell 14.6.

The interactive division - so highly touted...revenues there declined 3.3 percent over 2007.

Where am I getting my figures? Why from a Media General publication left at my door today. Something called the "MG News."

See why I'm worried about selling my stock?

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