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Retirement and Postretirement Plans
 3 Months Ended
Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Retirement and Postretirement Plans
Retirement and Postretirement Plans
 
The Company has a funded, qualified non-contributory defined benefit retirement plan which covers substantially all Legacy Media General employees hired before 2007 along with defined benefit retirement plans for KRON-TV and LIN that were merged into the Media General qualified plan on December 31, 2014 and December 31, 2015, respectively. Additionally the Company has a non-contributory unfunded supplemental executive retirement and ERISA excess plans which supplement the coverage available to certain executives. All of these retirement plans are frozen. The Company also has a retiree medical savings account plan which reimburses eligible retired employees for certain medical expenses and an unfunded plan that provides certain health and life insurance benefits to retired employees who were hired prior to 1992.

     The following tables provide the components of net periodic benefit cost (income) for the Company’s benefit plans for the first quarters of 2016 and 2015:


 
Three Months Ended
 
Pension Benefits
 
Other Benefits
(In thousands)
March 31,
2016
 
March 31,
2015
 
March 31,
2016
 
March 31,
2015
Service cost
$
—

 
$
—

 
$
—

 
$
10

Interest cost
4,650

 
7,400

 
200

 
110

Expected return on plan assets
(6,950
)
 
(9,981
)
 
—

 
—

Amortization of net loss
—

 
258

 
(25
)
 
—

Net periodic benefit (income) cost
$
(2,300
)
 
$
(2,323
)
 
$
175

 
$
120