Media General 1Q net off after charge

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According to Reuters, Media General Inc. said Thursday that first-quarter earnings climbed 76 percent as its broadcasting business picked up.

However, the company reported a net loss of $120.3 million after a one-time
charge for an accounting change.

Total revenues decreased 2.2 percent to $194.5 million, while broadcast
revenues rose 5.5 percent.

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