MediaNews Group Records Loss

Posted Tuesday, May 16, 2006 12:00 am

By: E&P Staff MediaNews Group reported a net loss of $3.6 million for the quarter. According to The Denver Business Journal, the company recorded $208.4 million in revenue compared to $184.7 million for the same quarter last year.

MediaNews' earnings from the Denver Newspaper Agency, a joint operating agreement between MediaNews and E.W. Scripps, declined 85% to $1.17 million. For the same quarter last year, MediaNews reported earnings of $7.6 million.

The decline is attributed to weak advertising revenue, higher newsprint prices, increased circulation, and higher benefits costs.

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MediaNews Group Records Loss

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