Media General Inc. reported a revenue decline in the third quarter. However, the loss is smaller compared to the same period one year ago, Business Week reported.

The revenue trend is expected to continue in the fourth quarter. The company's shares were down almost 6 percent to $7.49 in morning trading on Wednesday, Reuters reported.

The publisher posted a net loss of $10.7 million, or 48 cents per share, in the third quarter, compared to a loss of $62.5 million, or $2.80 per share, one year earlier.

Revenue was up from $158 million one year ago to $163.2 million, Editor and Publisher reported.

Publishing revenue plunged almost 8 percent to $77.7 million due to plummeting retail advertising sales in the third quarter year-over-year, while TV revenue increased 3 percent year-over-year to $163.2 million, thanks to strong political TV advertising.