MEDIA GENERAL, INC. FINANCIAL HIGHLIGHTS
(In millions, except per share amounts)
1998 Annual Report Index
Annual Report Index
             
    December 27,   December 28,   Percentage
For Fiscal Years Ended (In Millions)   1998   1997   Change

Revenues   $ 974.0   $ 910.0   7.0%
Operating cash flow   256.2   227.8   12.5
Depreciation and amortization   100.2   98.3   1.9
Operating income   156.0   129.5   20.5

Income before extraordinary item   $ 70.9   $ 52.5   35.0%
Net income (loss)   70.9   (10.5)  
Stockholders’ equity   477.3   418.2   14.1
Total assets   1,917.3   1,814.2   5.7

Average shares and equivalents outstanding   26.9   26.7   0.7%
Earnings per share before extraordinary item — assuming dilution   $ 2.63   $ 1.97   33.5
Earnings (loss) per share — assuming dilution   2.63   (0.40)  
Dividends per share   0.56   0.53   5.7
Stockholders’ equity per share   17.83   15.65   13.9

Financial Highlights Chart

*Excludes net income effect of: 1997 extraordinary charge ($63 million; $2.37 per share — assuming dilution); 1995 Pronapade gain ($2.5 million; $0.09 per share — assuming dilution); and 1994 Garden State Newspapers gain ($83.3 million; $3.17 per share — assuming dilution).

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