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How Will Media General (MEG) Stock React to Q2 Miss?

NEW YORK (TheStreet) -- Media General (MEG) reported fiscal 2016 second quarter earnings and revenue before today's opening bell that were below analysts' expectations.

The company posted earnings of 14 cents per share, missing analysts' projected 16 cents per share. Revenue increased 13% year-over-year to $363 million, but fell short of Wall Street's estimated $365 million.

For the same quarter last year, the Richmond, VA-based media company reported earnings of 1 cent per share on revenues of $320.52 million.

"Key drivers for our performance were political advertising, an increase in pay-TV subscriber fees and expense management, including further...