Media General, Inc.
BUSINESS SEGMENTS
(Unaudited)
(In thousands) Publishing Broadcast Interactive
Media		 Eliminations Total
Quarter Ended June 29, 2003          
Consolidated revenues    $135,005  $74,002  $3,489  $(567)    $211,929
 
Segment operating cash flow  $37,895  $25,512  $(859)    $62,548
Allocated amounts:          
  Equity in net income of unconsolidated affiliate 279       279
  Depreciation and amortization (6,523) (5,505) (459)   (12,487)
     
    Segment profit (loss)  $31,651  $20,007  $(1,318)   50,340
     
   
Unallocated amounts:          
  Interest expense         (7,985)
  Investment loss-SP Newsprint         (1,571)
  Acquisition intangibles amortization         (2,990)
  Corporate expense         (8,549)
  Other         (1,678)
             
    Consolidated income before income taxes          $27,567
             
Quarter Ended June 30, 2002          
Consolidated revenues  $131,843  $77,582  $2,839  $(512)  $211,752
 
Segment operating cash flow  $39,296  $27,925  $(767)    $66,454
Allocated amounts:          
  Equity in net loss of unconsolidated affiliates (203)   (381)   (584)
  Depreciation and amortization (7,052)  (5,488) (310)   (12,850)
     
    Segment profit (loss)  $32,041  $22,437  $(1,458)   53,020
     
   
Unallocated amounts:          
  Interest expense         (11,924)
  Investment loss-SP Newsprint         (3,078)
  Acquisition intangibles amortization         (2,952)
  Corporate expense         (8,390)
  Other         (341)
             
    Consolidated income before income taxes          $26,335
             
Six Months Ended June 29, 2003          
Consolidated revenues  $265,372  $138,134  $6,978  $(1,115)  $409,369
 
Segment operating cash flow  $68,316  $40,348  $(1,541)    $107,123
Allocated amounts:          
  Equity in net income of unconsolidated affiliate 176       176
  Gain on sale of Hoover's     5,746   5,746
  Depreciation and amortization (13,264) (11,219) (917)   (25,400)
     
    Segment profit  $55,228  $29,129  $3,288   87,645
     
   
Unallocated amounts:          
  Interest expense         (17,853)
  Investment loss-SP Newsprint         (3,684)
  Acquisition intangibles amortization         (6,031)
  Corporate expense         (18,099)
  Other         (3,370)
             
    Consolidated income before income taxes          $38,608
             
Six Months Ended June 30, 2002          
Consolidated revenues  $260,722  $141,010  $5,414  $(855)  $406,291
 
Segment operating cash flow  $75,134  $44,767  $(1,454)    $118,447
Allocated amounts:          
  Equity in net loss of unconsolidated affiliates (772)   (413)   (1,185)
  Depreciation and amortization (14,055) (10,832) (608)   (25,495)
     
    Segment profit (loss)  $60,307  $33,935  $(2,475)   91,767
     
   
Unallocated amounts:          
  Interest expense         (25,354)
  Investment loss-SP Newsprint         (4,582)
  Acquisition intangibles amortization         (5,857)
  Corporate expense         (17,567)
  Other         (2,315)
             
    Consolidated income before income taxes and cumulative effect of change in accounting principle          $36,092
             

Return to Tuesday, July 15, 2003 press release

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