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Penn St. revenue down $7.9 million

Updated: April 10, 2013, 1:51 PM ET
Associated Press

STATE COLLEGE, Pa. -- The Penn State athletic department's latest financial report shows revenue declined by $7.9 million, or nearly 7 percent, last year to more than $108 million.

The report posted on a university website late Monday showed revenue from football ticket sales was $33.4 million in 2012, down from $34.2 million in 2011.

The figures are part of a filing required by the U.S. Department of Education of athletic departments. The report covers the fiscal year ending June ...

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