Newspaper publisher and broadcaster Media General ( MEG) fell 5% Thursday after second-quarter earnings fell 47% from a year ago.

The company earned $20.2 million, or 85 cents a share, in the quarter, compared with $38.4 million, or $1.61 a share, a year ago. Excluding a year-ago gain on the sale of the Denver Post, the company earned $19 million, or 80 cents a share, a year ago.

From continuing operations, the company earned 77 cents a share. Analysts surveyed by Thomson First Call were expecting earnings of 82 cents a share in the most recent quarter.

Second-quarter revenue rose 3.3% to $230 million as against analysts' expectation of $246 million.

Separately, the company said that its June revenue rose 3.7% to $70.1 million from last year.

Shares fell $2.22 Thursday to $39.88.

This story was created through a joint venture between and IRIS.