Champion Industries Inc. reported unaudited earnings results for the first quarter ended January 31, 2011. The company announced a first quarter 2012 net loss of $86,000 or $0.01 per share on a basic and diluted basis. This compares to net income of $73,000 or $0.01 per share on a basic and diluted basis for the three months ended January 31, 2011. Revenues were $31.6 million compared to $31.8 million in the same period in 2011. This change represented a decrease in revenues of $0.2 million or 0.8%. The printing segment experienced flat sales while the office products and office furniture segment experienced a decrease of $0.1 million or 1.8%. The newspaper revenues for the quarter were flat at approximately $3.9 million for each period.