10-Q/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC. 20549

Form 10-Q/A

Amendment No.1

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 24, 2012

OR

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from    to  

Commission file number:           1-6383

MEDIA GENERAL, INC.

(Exact name of registrant as specified in its charter)

Commonwealth of Virginia	54-0850433
(State or other jurisdiction of  incorporation or organization)	(I.R.S. Employer Identification No.)
333 E. Franklin St., Richmond, VA	23219
(Address of principal executive offices)	(Zip Code)

(804) 649-6000

(Registrant's telephone number, including area code)

N/A

(Former name, former address and former fiscal year,

if changed since last report.)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes X No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes X No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act).

Larger accelerated filer	Accelerated filer	X
Non-accelerated filer	Smaller reporting company

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes No X

Indicate the number of shares outstanding of each of the issuer's classes of common stock as of July 29, 2012.

Class A Common shares:	22,733,767
Class B Common shares:	548,564

EXPLANATORY NOTE

The sole purpose of this Amendment No. 1 to the Company’s Quarterly Report on Form 10-Q for the period ended June 24, 2012 (the Form 10-Q), as filed with the Securities and Exchange Commission on August 3, 2012, is to furnish Exhibit 101 to the Form 10-Q as required by Rule 405 of Regulation S-T.  Exhibit 101 to this report furnishes the following items from the Company’s Form 10-Q formatted in eXtensible Business Reporting Language (XBRL): (i) the unaudited Consolidated Condensed Balance Sheets as of June 24, 2012 and December 25, 2011, (ii) the unaudited Consolidated Condensed Statements of Operations for the three and six Months ended June 24, 2012 and June 26, 2011, (iii) the unaudited Consolidated Condensed Statements of Cash Flows for the six months ended June 24, 2012 and June 26, 2011, and (iv) the unaudited Notes to Consolidated Condensed Financial Statements.

No changes have been made to the Form 10-Q other than the furnishing of Exhibit 101 described above.  This Amendment No. 1 does not reflect subsequent events occurring after the original filing date of the Form 10-Q or modify or update in any way disclosures made in the Form 10-Q.

1

Item 6.   Exhibits

Documents that are not physically filed with this report are incorporated herein by reference to the location indicated.

(a) Exhibits

Exhibit No.	Description	Location
31.1	Section 302 Chief Executive Officer Certification	Previously filed on Form 10-Q for the quarterly period ended June 24, 2012
31.2	Section 302 Chief Financial Officer Certification	Previously filed on Form 10-Q for the quarterly period ended June 24, 2012
32	Section 906 Chief Executive Officer and Chief Financial Officer Certification	Previously filed on Form 10-Q for the quarterly period ended June 24, 2012
101.INS	XBRL Instance Document	Filed herewith
101.SCH	XBRL Taxonomy Extension Schema Document	Filed herewith
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document	Filed herewith
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document	Filed herewith
101.LAB	XBRL Taxonomy Extension Label Linkbase Document	Filed herewith
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document	Filed herewith

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	MEDIA GENERAL, INC.
DATE:  August 30, 2012		/s/ Marshall N. Morton
		Marshall N. Morton
		President and Chief Executive Officer
DATE:  August 30, 2012		/s/ James F. Woodward
		James F. Woodward
		Vice President - Finance and
		Chief Financial Officer

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Note 7. Earnings Per Share (Detail) - Basic and Diluted Earnings Per Share (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 24, 2012	Jun. 26, 2011	Jun. 24, 2012	Jun. 26, 2011
Numerator for basic and diluted earnings per share:
Loss from continuing operations available to common stockholders (in Dollars)	$ (16,165)	$ (13,340)	$ (40,881)	$ (34,649)
Denominator for basic and diluted earnings per share:
Weighted average shares outstanding	22,563	22,488	22,559	22,444
Loss from continuing operations per common share (basic and diluted) (in Dollars per share)	$ (0.71)	$ (0.59)	$ (1.81)	$ (1.54)

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Note 5. Long-Term Debt and Other Financial Instruments (Detail) - Carrying Values and Estimated Fair Values of the Company's Financial Instruments (USD $) In Thousands, unless otherwise specified	Jun. 24, 2012	Dec. 25, 2011
Investments
Trading	$ 180	$ 205
Trading	180	205
Long-term debt:
Revolving credit facility ($26.5 million available at 6/24/2012)	18,500
Long-term debt carrying amount	651,911
Stockholders' Equity (Deficit):
Common stock warrants	16,912
Common stock warrants	18,585
Bank Term Loan Facility [Member]
Long-term debt:
Long-term debt carrying amount	337,872	363,126
Long-term debt fair value	420,000	340,639
11.75% Senior Notes [Member]
Long-term debt:
Long-term debt carrying amount	295,405	294,919
Long-term debt fair value	$ 322,500	$ 285,000

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Note 2. Summary of Disposition (Detail) (USD $)	3 Months Ended	6 Months Ended		0 Months Ended	3 Months Ended
	Jun. 24, 2012	Jun. 24, 2012	Dec. 25, 2011	Jun. 30, 2012 Newspapers (except Tampa group) [Member]	Jun. 24, 2012 Newspapers (except Tampa group) [Member]	Jun. 24, 2012 Tampa Print Properties [Member]	Jun. 24, 2012 DealTaker.com [Member]	Mar. 25, 2012 DealTaker.com [Member]	Jun. 24, 2012 Primarily Accounts Payable and Accrued Expenses [Member]	Dec. 25, 2011 Primarily Accounts Payable and Accrued Expenses [Member]	Jun. 24, 2012 Fixed Assets [Member]	Dec. 25, 2011 Fixed Assets [Member]	Jun. 24, 2012 Goodwill [Member]	Dec. 25, 2011 Goodwill [Member]	Jun. 24, 2012 Intangible Assets, Other [Member]	Dec. 25, 2011 Intangible Assets, Other [Member]	Jun. 24, 2012 Other Assets (Primarily Software) [Member]	Dec. 25, 2011 Other Assets (Primarily Software) [Member]
Proceeds from Divestiture of Businesses, Net of Cash Divested				$ 142,000,000
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	(131,697,000)	(131,697,000)			(110,000,000)	(18,000,000)	(4,000,000)
Goodwill and Intangible Asset Impairment		6,472,000						6,500,000
Goodwill and Intangible Asset Impairment, Tax Benefit								3,600,000
Assets of Disposal Group, Including Discontinued Operation, Current	40,000,000	40,000,000	47,000,000
Assets of Disposal Group, Including Discontinued Operation, Noncurrent	144,000,000	144,000,000	291,000,000
Assets Of Disposal Group Including Discontinued Operation Noncurrent Value Before Loss Related to Divestiture											200,000,000	205,000,000	69,000,000	78,000,000	2,000,000	3,000,000	5,000,000	5,000,000
Liabilities of Disposal Group, Including Discontinued Operation	$ 32,547,000	$ 32,547,000	$ 38,269,000						$ 33,000,000	$ 38,000,000

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Note 11. Guarantor Financial Information (Detail)	Jun. 24, 2012
Equity Method Investment, Ownership Percentage	100.00%

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Note 6. Business Segments (Detail) - Financial Performance by Segment, Including Assets (USD $) In Thousands, unless otherwise specified	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2012	Jun. 24, 2012	Jun. 26, 2011	Jun. 24, 2012	Jun. 26, 2011	Dec. 25, 2011
Assets		$ 923,409		$ 923,409		$ 1,086,041
Revenues		84,112	71,722	159,231	139,010
Depreciation and Amortization		(6,110)	(7,279)	(13,425)	(14,497)
Operating Profit (Loss)		16,354	6,181	20,420	3,789
		24,562	13,727	42,686	24,563
Unallocated amounts:
Acquisition intangibles amortization		(442)	(1,361)	(1,773)	(2,709)
Corporate expense		76,489		76,489
Corporate expense		(564)	(659)	(1,498)	(1,279)
Corporate expense		(8,492)	(8,423)	(17,359)	(17,292)
Assets of discontinued operations		183,615		183,615		337,853
Corporate interest expense		(21,641)	(17,180)	(36,777)	(33,733)
Debt modification and extinguishment costs	(10,400)	(7,689)		(18,097)
Other		946	2,455	(2,744)	(324)
Consolidated loss from continuing operations before income taxes		(12,756)	(10,782)	(34,064)	(29,495)
Virginia/Tennessee [Member]
Assets		65,342		65,342
Revenues		6,736	5,653	12,644	10,764
Depreciation and Amortization		(349)	(378)	(697)	(760)
Operating Profit (Loss)		2,011	1,039	3,399	1,754
Florida [Member]
Assets		78,506		78,506
Revenues		15,120	12,944	29,090	25,826
Depreciation and Amortization		(383)	(422)	(793)	(851)
Operating Profit (Loss)		5,646	3,067	9,996	6,030
Mid-South [Member]
Assets		332,163		332,163
Revenues		36,588	32,488	71,662	62,581
Depreciation and Amortization		(2,719)	(2,557)	(5,435)	(5,091)
Operating Profit (Loss)		9,457	6,567	18,660	11,630
North Carolina [Member]
Assets		47,081		47,081
Revenues		7,562	5,840	13,547	11,151
Depreciation and Amortization		(371)	(428)	(742)	(857)
Operating Profit (Loss)		1,790	504	2,179	671
Ohio/Rhode Island [Member]
Assets		130,099		130,099
Revenues		17,146	14,070	30,476	26,428
Depreciation and Amortization		(738)	(752)	(1,393)	(1,525)
Operating Profit (Loss)		6,603	3,540	9,784	5,883
Advertising Services and Other [Member]
Assets		10,114		10,114
Revenues		1,203	1,009	2,276	2,738
Depreciation and Amortization		(544)	(722)	(1,094)	(1,425)
Operating Profit (Loss)		(977)	(1,033)	(1,391)	(1,481)
Intersegment Elimination [Member]
Revenues		(243)	(282)	(464)	(478)
Operating Profit (Loss)		$ 32	$ 43	$ 59	$ 76

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Note 4. Income Tax

6 Months Ended

Jun. 24, 2012

Income Tax Disclosure [Text Block]

4.            The Company recorded non-cash income tax expense from continuing operations of $3.4 million and $6.8 million in the second quarter and first six months of 2012, compared to $2.6 million and $5.2 million in the equivalent quarter and six months of 2011. The Company’s tax provision for each period had an unusual relationship to pretax loss mainly because of the existence of a full deferred tax asset valuation allowance at the beginning of each period. This circumstance generally results in a zero net tax provision since the income tax expense or benefit that would otherwise be recognized is offset by the change to the valuation allowance. However, tax expense recorded in the second quarters of 2012 and 2011 included the accrual of non-cash tax expense of approximately $3.4 million and $3.6 million, respectively, of additional valuation allowance in connection with the tax amortization of the Company’s indefinite-lived intangible assets that was not available to offset existing deferred tax assets (termed a “naked credit”). Both periods reflected approximately $6 million of non-cash tax expense in total that was allocated between continuing and discontinued operations. The “naked credit” expense was partially offset in the second quarter of 2011 by approximately $1 million of tax benefit related to the intraperiod allocation items in Other Comprehensive Income. After the sale of discontinued operations, the Company expects the naked credit to generate approximately $14 million of non-cash income tax expense from continuing operations for the full-year 2012; other discrete tax adjustments and intraperiod tax allocations that are difficult to forecast may impact the remainder of 2012. A full discussion of the naked credit issue is contained in Note 3 of Item 8 of the Company’s Form 10-K for the year ended December 25, 2011.

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Note 11. Guarantor Financial Information (Detail) - Condensed Consolidating Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 24, 2012	Dec. 25, 2011	Jun. 26, 2011	Dec. 26, 2010
Current assets:
Cash and cash equivalents	$ 16,661	$ 23,108	$ 13,599	$ 31,860
Accounts receivable - net	60,702	59,260
Other	18,796	17,513
Assets of discontinued operations	183,615	337,853
Total current assets	279,774	437,734
Other assets	35,870	28,350
Property, plant and equipment - net	159,408	169,827
FCC licenses and other intangibles - net	201,250	203,023
Excess cost over fair value of net identifiable assets of acquired businesses	247,107	247,107
TOTAL ASSETS	923,409	1,086,041
Current liabilities:
Accounts payable	19,334	16,631
Accrued expenses and other liabilities	54,644	46,815
Liabilities of discontinued operations	32,547	38,269
Total current liabilities	106,525	101,715
Long-term debt	651,911	658,199
Retirement, post-retirement and post-employment plans	218,820	223,132
Deferred income taxes	52,721	45,954
Other liabilities and deferred credits	22,694	23,088
Stockholders' equity (deficit):
Common stock	116,760	115,487
Additional paid-in capital	44,922	28,711
Accumulated other comprehensive loss	(185,116)	(185,116)
Retained earnings (accumulated deficit)	(105,828)	74,871
Total stockholders' equity (deficit)	(129,262)	33,953
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	923,409	1,086,041
Media General Corporate [Member]
Current assets:
Cash and cash equivalents	15,419	21,674	11,940	30,893
Other	9,782	3,698
Total current assets	25,201	25,372
Investment in and advances to subsidiaries	62,133	233,450
Intercompany note receivable	677,941	677,469
Other assets	29,244	19,694
Property, plant and equipment - net	22,445	25,813
TOTAL ASSETS	816,964	981,798
Current liabilities:
Accounts payable	14,605	11,390
Accrued expenses and other liabilities	39,374	33,430
Total current liabilities	53,979	44,820
Long-term debt	651,904	658,199
Retirement, post-retirement and post-employment plans	218,820	223,132
Other liabilities and deferred credits	19,456	19,403
Stockholders' equity (deficit):
Common stock	116,760	115,487
Additional paid-in capital	46,989	31,002
Accumulated other comprehensive loss	(185,116)	(185,116)
Retained earnings (accumulated deficit)	(105,828)	74,871
Total stockholders' equity (deficit)	(127,195)	36,244
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	816,964	981,798
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	1,242	1,434	1,659	967
Accounts receivable - net	60,702	59,260
Other	9,014	13,815
Assets of discontinued operations	183,615	337,853
Total current assets	254,573	412,362
Investment in and advances to subsidiaries	1,997,804	1,985,266
Other assets	6,446	8,451
Property, plant and equipment - net	136,963	144,014
FCC licenses and other intangibles - net	201,250	203,023
Excess cost over fair value of net identifiable assets of acquired businesses	247,107	247,107
TOTAL ASSETS	2,844,143	3,000,223
Current liabilities:
Accounts payable	4,735	5,247
Accrued expenses and other liabilities	15,270	13,385
Liabilities of discontinued operations	32,547	38,269
Total current liabilities	52,552	56,901
Long-term debt	7
Intercompany loan	677,941	677,469
Deferred income taxes	52,721	45,954
Other liabilities and deferred credits	2,463	2,890
Stockholders' equity (deficit):
Common stock	4,872	4,872
Additional paid-in capital	2,435,790	2,435,790
Retained earnings (accumulated deficit)	(382,203)	(223,653)
Total stockholders' equity (deficit)	2,058,459	2,217,009
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	2,844,143	3,000,223
Non-Guarantor Subsidiaries [Member]
Current assets:
Other assets	180	205
TOTAL ASSETS	180	205
Current liabilities:
Other liabilities and deferred credits	775	795
Stockholders' equity (deficit):
Additional paid-in capital	(2,034)	(1,994)
Retained earnings (accumulated deficit)	1,439	1,404
Total stockholders' equity (deficit)	(595)	(590)
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	180	205
Consolidation, Eliminations [Member]
Current assets:
Investment in and advances to subsidiaries	(2,059,937)	(2,218,716)
Intercompany note receivable	(677,941)	(677,469)
TOTAL ASSETS	(2,737,878)	(2,896,185)
Current liabilities:
Accounts payable	(6)	(6)
Total current liabilities	(6)	(6)
Intercompany loan	(677,941)	(677,469)
Stockholders' equity (deficit):
Common stock	(4,872)	(4,872)
Additional paid-in capital	(2,435,823)	(2,436,087)
Retained earnings (accumulated deficit)	380,764	222,249
Total stockholders' equity (deficit)	(2,059,931)	(2,218,710)
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	$ (2,737,878)	$ (2,896,185)

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Note 4. Income Tax (Detail) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 24, 2012	Jun. 26, 2011	Jun. 24, 2012	Jun. 26, 2011	Dec. 25, 2012
Income Tax Expense (Benefit)	$ 3,409,000	$ 2,558,000	$ 6,817,000	$ 5,154,000
Valuation Allowance, Deferred Tax Asset, Change in Amount	3,400,000	3,600,000
Income Tax Expense (Benefit), Continuing Operations, Discontinued Operations, Extraordinary Items	6,000,000	6,000,000
Deferred Income Tax Expense (Benefit)					14,000,000
Intraperiod Allocation Items in Other Comprehensive Income [Member]
Income Tax Expense (Benefit)		$ (1,000,000)

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Note 3. Goodwill and Intangible Assets (Detail) - Intangible Assets Gross Carrying Amount and Accumulated Amortization (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 24, 2012	Jun. 26, 2011	Jun. 24, 2012	Jun. 26, 2011	Dec. 25, 2011
Amortizing intangible assets
Amortizing intangible assets gross carrying amount	$ 127,908		$ 127,908		$ 127,908
Amortizing intangible assets accumulated amortization	100,470		100,470		98,697
Amortizing intangible assets amortization expense	400	1,400	1,773	2,700
Goodwill:
Goodwill carrying amount	247,107		247,107		247,107
FCC licenses
FCC licenses carrying value	173,698		173,698		173,698
Other	114		114		114
Total	420,919		420,919		420,919
Virginia/Tennessee [Member]
Amortizing intangible assets
Amortizing intangible assets gross carrying amount	30,537		30,537		30,537
Amortizing intangible assets accumulated amortization	19,636		19,636		19,338
Amortizing intangible assets amortization expense			298
Goodwill:
Goodwill carrying amount	22,025		22,025		22,025
FCC licenses
FCC licenses carrying value	20,000		20,000		20,000
Florida [Member]
Goodwill:
Goodwill carrying amount	40,663		40,663		40,663
Mid-South [Member]
Amortizing intangible assets
Amortizing intangible assets gross carrying amount	78,118		78,118		78,118
Amortizing intangible assets accumulated amortization	66,374		66,374		65,169
Amortizing intangible assets amortization expense			1,205
Goodwill:
Goodwill carrying amount	112,564		112,564		112,564
FCC licenses
FCC licenses carrying value	93,694		93,694		93,694
North Carolina [Member]
Amortizing intangible assets
Amortizing intangible assets gross carrying amount	7,276		7,276		7,276
Amortizing intangible assets accumulated amortization	5,881		5,881		5,808
Amortizing intangible assets amortization expense			73
Goodwill:
Goodwill carrying amount	8,545		8,545		8,545
FCC licenses
FCC licenses carrying value	24,000		24,000		24,000
Ohio/Rhode Island [Member]
Amortizing intangible assets
Amortizing intangible assets gross carrying amount	9,157		9,157		9,157
Amortizing intangible assets accumulated amortization	5,759		5,759		5,580
Amortizing intangible assets amortization expense			179
Goodwill:
Goodwill carrying amount	61,408		61,408		61,408
FCC licenses
FCC licenses carrying value	36,004		36,004		36,004
Advertising Services and Other [Member]
Amortizing intangible assets
Amortizing intangible assets gross carrying amount	2,820		2,820		2,820
Amortizing intangible assets accumulated amortization	2,820		2,820		2,802
Amortizing intangible assets amortization expense			18
Goodwill:
Goodwill carrying amount	$ 1,902		$ 1,902		$ 1,902

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Note 11. Guarantor Financial Information (Detail) - Condensed Consolidating Statements of Operations and Comprehensive Loss (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 24, 2012	Jun. 26, 2011	Jun. 24, 2012	Jun. 26, 2011
Revenues	$ 84,112	$ 71,722	$ 159,231	$ 139,010
Operating costs:
Employee compensation	32,302	30,220	69,186	66,738
Production	18,923	17,779	37,011	34,882
Selling, general and administrative	10,423	10,263	19,189	19,104
Depreciation and amortization	6,110	7,279	13,425	14,497
Total operating costs	67,758	65,541	138,811	135,221
Operating income (loss)	16,354	6,181	20,420	3,789
Other income (expense):
Interest expense	(21,657)	(17,190)	(36,808)	(33,753)
Debt modification and extinguishment costs	(7,689)		(18,097)
Other, net	236	227	421	469
Total other income (expense)	(29,110)	(16,963)	(54,484)	(33,284)
Income (loss) from continuing operations before income taxes	(12,756)	(10,782)	(34,064)	(29,495)
Income tax expense	3,409	2,558	6,817	5,154
Income (loss) from continuing operations	(16,165)	(13,340)	(40,881)	(34,649)
Discontinued operations (net of tax):
Income from discontinued operations	1,566	(2,042)	(8,142)	(6,537)
Loss related to divestiture of discontinued operations	(131,697)		(131,697)
Net income (loss)	(146,296)	(15,382)	(180,720)	(41,186)
Comprehensive income (loss)	(146,296)	(13,822)	(180,720)	(38,128)
Media General Corporate [Member]
Revenues	7,267	7,891	15,821	17,219
Operating costs:
Employee compensation	5,299	3,466	14,846	12,300
Selling, general and administrative	1,455	1,902	2,846	3,628
Depreciation and amortization	565	659	1,498	1,279
Total operating costs	7,319	6,027	19,190	17,207
Operating income (loss)	(52)	1,864	(3,369)	12
Other income (expense):
Interest expense	(21,641)	(17,180)	(36,777)	(33,733)
Debt modification and extinguishment costs	(7,689)		(18,097)
Intercompany interest income (expense)	20,866	17,210	35,571	34,364
Investment income (loss) - consolidated affiliates	(138,038)	(18,502)	(158,515)	(44,253)
Other, net	258	228	467	469
Total other income (expense)	(146,244)	(18,244)	(177,351)	(43,153)
Income (loss) from continuing operations before income taxes	(146,296)	(16,380)	(180,720)	(43,141)
Income tax expense		(998)		(1,955)
Income (loss) from continuing operations	(146,296)	(15,382)	(180,720)	(41,186)
Discontinued operations (net of tax):
Net income (loss)	(146,296)	(15,382)	(180,720)	(41,186)
Comprehensive income (loss)	(146,296)	(13,822)	(180,720)	(38,128)
Guarantor Subsidiaries [Member]
Revenues	84,355	72,004	159,695	139,427
Operating costs:
Employee compensation	27,205	27,043	54,375	54,617
Production	19,169	17,969	37,484	35,204
Selling, general and administrative	16,266	16,388	32,216	32,866
Depreciation and amortization	5,545	6,620	11,927	13,218
Total operating costs	68,185	68,020	136,002	135,905
Operating income (loss)	16,170	3,984	23,693	3,522
Other income (expense):
Interest expense	(16)	(10)	(31)	(20)
Intercompany interest income (expense)	(20,866)	(17,210)	(35,571)	(34,364)
Other, net	(22)	(1)	(46)
Total other income (expense)	(20,904)	(17,221)	(35,648)	(34,384)
Income (loss) from continuing operations before income taxes	(4,734)	(13,237)	(11,955)	(30,862)
Income tax expense	3,409	3,556	6,817	7,109
Income (loss) from continuing operations	(8,143)	(16,793)	(18,772)	(37,971)
Discontinued operations (net of tax):
Income from discontinued operations	1,600	(1,998)	(8,081)	(6,461)
Loss related to divestiture of discontinued operations	(131,697)		(131,697)
Net income (loss)	(138,240)	(18,791)	(158,550)	(44,432)
Comprehensive income (loss)	(138,240)	(18,791)	(158,550)	(44,432)
Non-Guarantor Subsidiaries [Member]
Operating costs:
Employee compensation	(202)	(289)	(35)	(179)
Total operating costs	(202)	(289)	(35)	(179)
Operating income (loss)	202	289	35	179
Other income (expense):
Income (loss) from continuing operations before income taxes	202	289	35	179
Income (loss) from continuing operations	202	289	35	179
Discontinued operations (net of tax):
Net income (loss)	202	289	35	179
Comprehensive income (loss)	202	289	35	179
Consolidation, Eliminations [Member]
Revenues	(7,510)	(8,173)	(16,285)	(17,636)
Operating costs:
Production	(246)	(190)	(473)	(322)
Selling, general and administrative	(7,298)	(8,027)	(15,873)	(17,390)
Total operating costs	(7,544)	(8,217)	(16,346)	(17,712)
Operating income (loss)	34	44	61	76
Other income (expense):
Investment income (loss) - consolidated affiliates	138,038	18,502	158,515	44,253
Total other income (expense)	138,038	18,502	158,515	44,253
Income (loss) from continuing operations before income taxes	138,072	18,546	158,576	44,329
Income (loss) from continuing operations	138,072	18,546	158,576	44,329
Discontinued operations (net of tax):
Income from discontinued operations	(34)	(44)	(61)	(76)
Net income (loss)	138,038	18,502	158,515	44,253
Comprehensive income (loss)	$ 138,038	$ 18,502	$ 158,515	$ 44,253

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Note 5. Long-Term Debt and Other Financial Instruments (Detail) (USD $) Share data in Millions, unless otherwise specified	1 Months Ended		3 Months Ended	6 Months Ended		0 Months Ended			1 Months Ended	3 Months Ended		1 Months Ended	3 Months Ended		3 Months Ended				5 Months Ended
	Jul. 30, 2012	Mar. 31, 2012	Jun. 24, 2012	Jun. 24, 2012	Jun. 26, 2011	Jun. 30, 2012 Newspapers (except Tampa group) [Member]	May 24, 2012 Warrant Agreement with Berkshire Hathaway [Member]	May 24, 2012 BH Finance LLC [Member] Step Down Percentage if Total Leverage Reaches Threshold [Member] Term Loan [Member]	May 31, 2012 BH Finance LLC [Member] Term Loan [Member]	Jun. 24, 2012 BH Finance LLC [Member] Term Loan [Member]	May 24, 2012 BH Finance LLC [Member] Term Loan [Member]	May 31, 2012 BH Finance LLC [Member] Term Loan and Initial Draw on Revolving Credit Line [Member]	Jun. 24, 2012 BH Finance LLC [Member]	May 24, 2012 BH Finance LLC [Member]	Jun. 24, 2012 Term Loan [Member]	Jun. 24, 2012 Senior Notes [Member]	May 24, 2012 Senior Notes [Member]	Jun. 24, 2012 11.75% Senior Notes [Member]	May 31, 2012 Previous Bank Credit Facility [Member]
Long-term Debt, Gross											$ 400,000,000				$ 400,000,000
Line of Credit Facility, Maximum Borrowing Capacity														45,000,000
Proceeds from Other Debt												382,500,000
Loan Discount, Percent											11.50%
Debt Instrument, Interest Rate, Stated Percentage								9.00%			10.50%					11.75%	11.75%
Leverage Multiple Triggering Step Down In Interest Rate											3.50
Debt Instrument, Description									The term loan may be voluntarily repaid prior to maturity, in whole or in part, at a price equal to 100% of the principal amount repaid plus accrued and unpaid interest, plus a premium as set forth in the agreement.Other factors, such as the sale of assets may result in a mandatory prepayment or an offer to prepay a portion of the term loan without premium or penalty.In addition, the Company may apply up to a maximum of $80 million of the proceeds from the sale of newspapers to World Media to its term loan at par without premium or penalty.
Line of Credit Facility, Interest Rate at Period End													10.00%
Line of Credit Facility, Commitment Fee Percentage													2.00%						2.50%
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)							4.6
Percentage of Outstanding Shares Represented by Number of Shares Warrants Entitle Holder to Purchase							19.90%
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Item)							0.01
Debt Modifications And Extinguishment Costs Related To Secured Financing		10,400,000	7,689,000	18,097,000
Deferred Finance Costs, Gross			11,000,000	11,000,000
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum																			1.50%
Debt Instrument, Basis Spread on Variable Rate																			7.00%
Payment-in-kind (PIK) Interest, Percentage																			1.50%
PIK Interest Paid																			1,000,000
Line of Credit Facility, Amount Outstanding			18,500,000	18,500,000									18,500,000
Line of Credit Facility, Remaining Borrowing Capacity			26,500,000	26,500,000									26,500,000
Debt Instrument, Face Amount															400,000,000	300,000,000
Notes Payable																295,000,000
Debt Instrument, Maturity Date										Mar. 31, 2020
Proceeds from Divestiture of Businesses, Net of Cash Divested						142,000,000
Repayments of Long-term Debt															54,000,000
Repayments of Lines of Credit													18,500,000
Subsequent Event, Description	On June 29, 2012, the Company commenced a cash tender offer to purchase up to $45 million of its 11.75% senior notes due 2017.The tender offer expired on July 30, 2012, with only $200,000 of acceptances received.
Cash Flow Hedge Loss Reclassified to Interest Expense					5,400,000
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Gross					$ 5,000,000
Description of Method Used to Determine Fair Value of Debt Instrument																		The fair value of the 11.75% senior notes was valued by reference to the most recent trade prior to the end of the applicable period.

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Note 5. Long-Term Debt and Other Financial Instruments (Detail) - Carrying Value of Long-Term Debt (USD $) In Thousands, unless otherwise specified	Jun. 24, 2012
Carrying value	$ 651,911
Revolving credit facility ($26.5 million remaining availability)	18,500
Capital lease liability	134
Term Loan [Member]
Face value	400,000
Remaining original issue discount	(45,497)
Remaining warrant discount	(16,727)
Embedded derivative liability	8,809
Remaining embedded derivative discount	(8,713)
Carrying value	337,872
Senior Notes [Member]
Face value	300,000
Remaining original issue discount	(4,595)
Carrying value	$ 295,405

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Note 3. Goodwill and Intangible Assets

6 Months Ended

Jun. 24, 2012

Goodwill and Intangible Assets Disclosure [Text Block]

3.         The Consolidated Condensed Statements of Operations include amortization expense from amortizing intangible assets of $.4 million and $1.4 million for the second quarters of 2012 and 2011, respectively, and $1.8 million and $2.7 million for the respective first six months of 2012 and 2011.  Currently, intangibles amortization expense is projected to be approximately $2.8 million in total for 2012, decreasing to $1.8 million in 2013 and for each year through 2017.

The Company has recorded pretax cumulative impairment losses related to goodwill approximating $724 million through June 24, 2012.  For impairment tests, the Company compares the carrying value of the reporting unit or asset tested to its estimated fair value. The estimated fair value is determined using a combination of the income approach and the market approach. The income approach utilizes the estimated discounted cash flows expected to be generated by the assets. The market approach employs comparable company information, and where available, recent transaction information for similar assets. The determination of fair value requires the use of significant judgment and estimates about assumptions that management believes are appropriate in the circumstances although it is reasonably possible that actual performance will differ from these assumptions. These assumptions include those relating to revenue growth, compensation levels, capital expenditures, discount rates and market trading multiples for comparable assets.  The fair value measurements determined for purposes of performing the Company’s impairment tests are considered to be Level 3 under the fair value hierarchy because they required significant unobservable inputs to be developed using estimates and assumptions determined by the Company and reflecting those that a market participant would use.

The following table shows the gross carrying amount and accumulated amortization for intangible assets as of June 24, 2012 and December 25, 2011:

	December 25, 2011				Change		June 24, 2012
(In thousands)	Gross Carrying Amount		Accumulated Amortization		Amortization Expense		Gross Carrying Amount		Accumulated Amortization
Amortizing intangible assets
(including network affiliation, advertiser and programming relationships):
Virginia/Tennessee	$	30,537	$	19,338	$	298	$	30,537	$	19,636
Florida		-		-		-		-		-
Mid-South		78,118		65,169		1,205		78,118		66,374
North Carolina		7,276		5,808		73		7,276		5,881
Ohio/Rhode Island		9,157		5,580		179		9,157		5,759
Advert. Serv. & Other		2,820		2,802		18		2,820		2,820
Total	$	127,908	$	98,697	$	1,773	$	127,908	$	100,470
Indefinite-lived intangible assets:
Goodwill:
Virginia/Tennessee	$	22,025					$	22,025
Florida		40,663						40,663
Mid-South		112,564						112,564
North Carolina		8,545						8,545
Ohio/Rhode Island		61,408						61,408
Advert. Serv. & Other		1,902						1,902
Total goodwill		247,107						247,107
FCC licenses
Virginia/Tennessee		20,000						20,000
Mid-South		93,694						93,694
North Carolina		24,000						24,000
Ohio/Rhode Island		36,004						36,004
Total FCC licenses		173,698						173,698
Other		114						114
Total	$	420,919					$	420,919

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Note 5. Long-Term Debt and Other Financial Instruments (Detail) - Carrying Value of Long-Term Debt (Parentheticals) (USD $) In Thousands, unless otherwise specified	Jun. 24, 2012
Revolving credit facility, remaining availability	$ 26,500

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Note 8. Employee Benefits (Detail) - Net Periodic Employee Benefits (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 24, 2012	Jun. 26, 2011	Jun. 24, 2012	Jun. 26, 2011
Pension Plans, Defined Benefit [Member]
Interest cost	$ 5,281	$ 5,613	$ 10,581	$ 11,213
Expected return on plan assets	(5,927)	(5,823)	(11,852)	(11,998)
Amortization of net loss/(gain)	1,449	947	2,824	1,897
Net periodic benefit cost	803	737	1,553	1,112
Other Postretirement Benefit Plans, Defined Benefit [Member]
Service cost	50	63	100	113
Interest cost	440	405	890	955
Amortization of prior-service cost	304	411	629	861
Amortization of net loss/(gain)	(235)	(388)	(410)	(513)
Net periodic benefit cost	$ 559	$ 491	$ 1,209	$ 1,416

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Consolidated Condensed Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Jun. 24, 2012	Dec. 25, 2011
Current assets:
Cash and cash equivalents	$ 16,661	$ 23,108
Accounts receivable - net	60,702	59,260
Other	18,796	17,513
Assets of discontinued operations	183,615	337,853
Total current assets	279,774	437,734
Other assets	35,870	28,350
Property, plant and equipment - net	159,408	169,827
FCC licenses and other intangibles - net	201,250	203,023
Excess of cost over fair value of net identifiable assets of acquired businesses	247,107	247,107
	923,409	1,086,041
Current liabilities:
Accounts payable	19,334	16,631
Accrued expenses and other liabilities	54,644	46,815
Liabilities of discontinued operations	32,547	38,269
Total current liabilities	106,525	101,715
Long-term debt	651,911	658,199
Retirement, post-retirement and post-employment plans	218,820	223,132
Deferred income taxes	52,721	45,954
Other liabilities and deferred credits	22,694	23,088
Stockholders' equity (deficit):
Preferred stock ($5 cumulative convertible), par value $5 per share, authorized 5,000,000 shares; none outstanding	0	0
Common stock, par value $5 per share:
Common stock, issued value	116,760	115,487
Additional paid-in capital	44,922	28,711
Accumulated other comprehensive loss	(185,116)	(185,116)
Retained earnings (accumulated deficit)	(105,828)	74,871
Total stockholders' equity (deficit)	(129,262)	33,953
	923,409	1,086,041
Common Class A [Member]
Common stock, par value $5 per share:
Common stock, issued value	114,017	112,744
Common Class B [Member]
Common stock, par value $5 per share:
Common stock, issued value	$ 2,743	$ 2,743

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Note 11. Guarantor Financial Information (Detail) - Condensed Consolidating Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 24, 2012	Jun. 26, 2011
Cash flows from operating activities:
Net cash provided by operating activities	$ 20,211	$ (2,938)
Cash flows from investing activities:
Capital expenditures	(4,253)	(10,579)
Collateral deposit related to letters of credit	(5,441)
Other, net	1,836	259
Net cash (used) provided by investing activities	(7,858)	(10,320)
Cash flows from financing activities:
Increase in borrowings	395,500	45,000
Repayment of borrowings	(387,098)	(50,000)
Debt issuance costs	(27,172)
Other, net	(30)	(3)
Net cash (used) provided by financing activities	(18,800)	(5,003)
Net decrease in cash and cash equivalents	(6,447)	(18,261)
Cash and cash equivalents at beginning of period	23,108	31,860
Cash and cash equivalents at end of period	16,661	13,599
Media General Corporate [Member]
Cash flows from operating activities:
Net cash provided by operating activities	17,928	(7,596)
Cash flows from investing activities:
Capital expenditures	(412)	(936)
Collateral deposit related to letters of credit	(5,441)
Net change in intercompany note receivable	(472)	(5,495)
Other, net	894	53
Net cash (used) provided by investing activities	(5,431)	(6,378)
Cash flows from financing activities:
Increase in borrowings	395,500	45,000
Repayment of borrowings	(387,098)	(50,000)
Debt issuance costs	(27,172)
Other, net	18	21
Net cash (used) provided by financing activities	(18,752)	(4,979)
Net decrease in cash and cash equivalents	(6,255)	(18,953)
Cash and cash equivalents at beginning of period	21,674	30,893
Cash and cash equivalents at end of period	15,419	11,940
Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by operating activities	2,243	4,634
Cash flows from investing activities:
Capital expenditures	(3,841)	(9,643)
Other, net	942	206
Net cash (used) provided by investing activities	(2,899)	(9,437)
Cash flows from financing activities:
Net change in intercompany loan	472	5,495
Other, net	(8)
Net cash (used) provided by financing activities	464	5,495
Net decrease in cash and cash equivalents	(192)	692
Cash and cash equivalents at beginning of period	1,434	967
Cash and cash equivalents at end of period	1,242	1,659
Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by operating activities	40	24
Cash flows from financing activities:
Other, net	(40)	(24)
Net cash (used) provided by financing activities	(40)	(24)
Consolidation, Eliminations [Member]
Cash flows from investing activities:
Net change in intercompany note receivable	472	5,495
Net cash (used) provided by investing activities	472	5,495
Cash flows from financing activities:
Net change in intercompany loan	(472)	(5,495)
Net cash (used) provided by financing activities	$ (472)	$ (5,495)

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Note 1. Summary of Significant Accounting Policies

6 Months Ended

Jun. 24, 2012

Significant Accounting Policies [Text Block]

1.         The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States, and with applicable quarterly reporting regulations of the Securities and Exchange Commission.  They do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements and, accordingly, should be read in conjunction with the consolidated financial statements and related footnotes included in the Company's Annual Report on Form 10-K for the year ended December 25, 2011.

As explained further below, the Company has adjusted its historical financial statements to present certain components of the Company as discontinued operations for all periods presented.  In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation of interim financial information have been included.

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Note 6. Business Segments (Detail)	6 Months Ended
	Jun. 24, 2012
Geographic Market [Member]
Number of Reportable Segments	5
Network Affiliated Television Stations [Member]
Number of Reportable Segments	18
Interactive Advertising Services Companies and Certain Other Operations [Member]
Number of Reportable Segments	2

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Note 8. Employee Benefits (Tables)

6 Months Ended

Jun. 24, 2012

Schedule of Net Benefit Costs [Table Text Block]

	Three Months Ended
	Pension Benefits						Other Benefits
(In thousands)	June 24, 2012			June 26, 2011			June 24, 2012			June 26, 2011
Service cost	$	-		$	-		$	50		$	63
Interest cost		5,281			5,613			440			405
Expected return on plan assets		(5,927	)		(5,823	)		-			-
Amortization of prior-service cost		-			-			304			411
Amortization of net loss/(gain)		1,449			947			(235	)		(388	)
Net periodic benefit cost	$	803		$	737		$	559		$	491

	Six Months Ended
	Pension Benefits						Other Benefits
(In thousands)	June 24, 2012			June 26, 2011			June 24, 2012			June 26, 2011
Service cost	$	-		$	-		$	100		$	113
Interest cost		10,581			11,213			890			955
Expected return on plan assets		(11,852	)		(11,998	)		-			-
Amortization of prior-service cost		-			-			629			861
Amortization of net loss/(gain)		2,824			1,897			(410	)		(513	)
Net periodic benefit cost	$	1,553		$	1,112		$	1,209		$	1,416

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Note 6. Business Segments (Detail) - Financial Performance by Segment (USD $) In Thousands, unless otherwise specified	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2012	Jun. 24, 2012	Jun. 26, 2011	Jun. 24, 2012	Jun. 26, 2011
Revenues		$ 84,112	$ 71,722	$ 159,231	$ 139,010
Depreciation and Amortization		(6,110)	(7,279)	(13,425)	(14,497)
Operating Profit (Loss)		16,354	6,181	20,420	3,789
Operating Profit (Loss), Before Unallocated Amounts		24,562	13,727	42,686	24,563
Unallocated amounts:
Acquisition intangibles amortization		(442)	(1,361)	(1,773)	(2,709)
Acquisition intangibles amortization, Attributable to Operating Profit (Loss)		(442)	(1,361)	(1,773)	(2,709)
Corporate, Depreciation and Amortization		(564)	(659)	(1,498)	(1,279)
Unallocated corporate expense		(8,492)	(8,423)	(17,359)	(17,292)
Corporate interest expense		(21,641)	(17,180)	(36,777)	(33,733)
Debt modification and extinguishment costs	(10,400)	(7,689)		(18,097)
Other		946	2,455	(2,744)	(324)
Consolidated loss from continuing operations before income taxes		(12,756)	(10,782)	(34,064)	(29,495)
Virginia/Tennessee [Member]
Revenues		6,736	5,653	12,644	10,764
Depreciation and Amortization		(349)	(378)	(697)	(760)
Operating Profit (Loss)		2,011	1,039	3,399	1,754
Florida [Member]
Revenues		15,120	12,944	29,090	25,826
Depreciation and Amortization		(383)	(422)	(793)	(851)
Operating Profit (Loss)		5,646	3,067	9,996	6,030
Mid-South [Member]
Revenues		36,588	32,488	71,662	62,581
Depreciation and Amortization		(2,719)	(2,557)	(5,435)	(5,091)
Operating Profit (Loss)		9,457	6,567	18,660	11,630
North Carolina [Member]
Revenues		7,562	5,840	13,547	11,151
Depreciation and Amortization		(371)	(428)	(742)	(857)
Operating Profit (Loss)		1,790	504	2,179	671
Ohio/Rhode Island [Member]
Revenues		17,146	14,070	30,476	26,428
Depreciation and Amortization		(738)	(752)	(1,393)	(1,525)
Operating Profit (Loss)		6,603	3,540	9,784	5,883
Advertising Services and Other [Member]
Revenues		1,203	1,009	2,276	2,738
Depreciation and Amortization		(544)	(722)	(1,094)	(1,425)
Operating Profit (Loss)		(977)	(1,033)	(1,391)	(1,481)
Intersegment Elimination [Member]
Revenues		(243)	(282)	(464)	(478)
Operating Profit (Loss)		$ 32	$ 43	$ 59	$ 76

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Note 11. Guarantor Financial Information (Tables)

6 Months Ended

Jun. 24, 2012

Schedule of Condensed Balance Sheet [Table Text Block]

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	15,419		$	1,242		$	-		$	-		$	16,661
Accounts receivable - net		-			60,702			-			-			60,702
Other		9,782			9,014			-			-			18,796
Assets of discontinued operations		-			183,615			-			-			183,615
Total current assets		25,201			254,573			-			-			279,774
Investment in and advances to subsidiaries		62,133			1,997,804			-			(2,059,937	)		-
Intercompany note receivable		677,941			-			-			(677,941	)		-
Other assets		29,244			6,446			180			-			35,870
Property, plant and equipment - net		22,445			136,963			-			-			159,408
FCC licenses and other intangibles - net		-			201,250			-			-			201,250
Excess cost over fair value of net identifiable assets of acquired businesses		-			247,107			-			-			247,107
TOTAL ASSETS	$	816,964		$	2,844,143		$	180		$	(2,737,878	)	$	923,409
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	14,605		$	4,735		$	-		$	(6	)	$	19,334
Accrued expenses and other liabilities		39,374			15,270			-			-			54,644
Liabilities of discontinued operations		-			32,547			-			-			32,547
Total current liabilities		53,979			52,552			-			(6	)		106,525
Long-term debt		651,904			7			-			-			651,911
Intercompany loan		-			677,941			-			(677,941	)		-
Retirement, post-retirement and post-employment plans		218,820			-			-			-			218,820
Deferred income taxes		-			52,721			-			-			52,721
Other liabilities and deferred credits		19,456			2,463			775			-			22,694
Stockholders' equity (deficit):
Common stock		116,760			4,872			-			(4,872	)		116,760
Additional paid-in capital		46,989			2,435,790			(2,034	)		(2,435,823	)		44,922
Accumulated other comprehensive loss		(185,116	)		-			-			-			(185,116	)
Retained earnings (accumulated deficit)		(105,828	)		(382,203	)		1,439			380,764			(105,828	)
Total stockholders' equity (deficit)		(127,195	)		2,058,459			(595	)		(2,059,931	)		(129,262	)
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	$	816,964		$	2,844,143		$	180		$	(2,737,878	)	$	923,409

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	21,674		$	1,434		$	-		$	-		$	23,108
Accounts receivable - net		-			59,260			-			-			59,260
Other		3,698			13,815			-			-			17,513
Assets of discontinued operations		-			337,853			-			-			337,853
Total current assets		25,372			412,362			-			-			437,734
Investment in and advances to subsidiaries		233,450			1,985,266			-			(2,218,716	)		-
Intercompany note receivable		677,469			-			-			(677,469	)		-
Other assets		19,694			8,451			205			-			28,350
Property, plant and equipment - net		25,813			144,014			-			-			169,827
FCC licenses and other intangibles - net		-			203,023			-			-			203,023
Excess of cost over fair value of net identifiable assets of acquired businesses		-			247,107			-			-			247,107
TOTAL ASSETS	$	981,798		$	3,000,223		$	205		$	(2,896,185	)	$	1,086,041
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	11,390		$	5,247		$	-		$	(6	)	$	16,631
Accrued expenses and other liabilities		33,430			13,385			-			-			46,815
Liabilities of discontinued operations		-			38,269			-			-			38,269
Total current liabilities		44,820			56,901			-			(6	)		101,715
Long-term debt		658,199			-			-			-			658,199
Intercompany loan		-			677,469			-			(677,469	)		-
Retirement, post-retirement and post-employment plans		223,132			-			-			-			223,132
Deferred income taxes		-			45,954			-			-			45,954
Other liabilities and deferred credits		19,403			2,890			795			-			23,088
Stockholders' equity (deficit):
Common stock		115,487			4,872			-			(4,872	)		115,487
Additional paid-in capital		31,002			2,435,790			(1,994	)		(2,436,087	)		28,711
Accumulated other comprehensive loss		(185,116	)		-			-			-			(185,116	)
Retained earnings (accumulated deficit)		74,871			(223,653	)		1,404			222,249			74,871
Total stockholders' equity (deficit)		36,244			2,217,009			(590	)		(2,218,710	)		33,953
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	$	981,798		$	3,000,223		$	205		$	(2,896,185	)	$	1,086,041

Schedule of Condensed Income Statement [Table Text Block]

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Revenues	$	7,267		$	84,355		$	-		$	(7,510	)	$	84,112
Operating costs:
Employee compensation		5,299			27,205			(202	)		-			32,302
Production		-			19,169			-			(246	)		18,923
Selling, general and administrative		1,455			16,266			-			(7,298	)		10,423
Depreciation and amortization		565			5,545			-			-			6,110
Total operating costs		7,319			68,185			(202	)		(7,544	)		67,758
Operating income (loss)		(52	)		16,170			202			34			16,354
Other income (expense):
Interest expense		(21,641	)		(16	)		-			-			(21,657	)
Debt modification and extinguishment costs		(7,689	)		-			-			-			(7,689	)
Intercompany interest income (expense)		20,866			(20,866	)		-			-			-
Investment income (loss) - consolidated affiliates		(138,038	)		-			-			138,038			-
Other, net		258			(22	)		-			-			236
Total other income (expense)		(146,244	)		(20,904	)		-			138,038			(29,110	)
Income (loss) from continuing operations before income taxes		(146,296	)		(4,734	)		202			138,072			(12,756	)
Income tax expense		-			3,409			-			-			3,409
Income (loss) from continuing operations		(146,296	)		(8,143	)		202			138,072			(16,165	)
Discontinued operations (net of tax):
Income from discontinued operations		-			1,600			-			(34	)		1,566
Loss related to divestiture of discontinued operations		-			(131,697	)		-			-			(131,697	)
Net income (loss)	$	(146,296	)	$	(138,240	)	$	202		$	138,038		$	(146,296	)
Comprehensive income (loss)	$	(146,296	)	$	(138,240	)	$	202		$	138,038		$	(146,296	)

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Revenues	$	7,891		$	72,004		$	-		$	(8,173	)	$	71,722
Operating costs:
Employee compensation		3,466			27,043			(289	)		-			30,220
Production		-			17,969			-			(190	)		17,779
Selling, general and administrative		1,902			16,388			-			(8,027	)		10,263
Depreciation and amortization		659			6,620			-			-			7,279
Total operating costs		6,027			68,020			(289	)		(8,217	)		65,541
Operating income		1,864			3,984			289			44			6,181
Other income (expense):
Interest expense		(17,180	)		(10	)		-			-			(17,190	)
Debt modification and extinguishment costs		-			-			-			-			-
Intercompany interest income (expense)		17,210			(17,210	)		-			-			-
Investment income (loss) - consolidated affiliates		(18,502	)		-			-			18,502			-
Other, net		228			(1	)		-			-			227
Total other income (expense)		(18,244	)		(17,221	)		-			18,502			(16,963	)
Income (loss) from continuing operations before income taxes		(16,380	)		(13,237	)		289			18,546			(10,782	)
Income tax expense (benefit)		(998	)		3,556			-			-			2,558
Income (loss) from continuing operations		(15,382	)		(16,793	)		289			18,546			(13,340	)
Discontinued operations (net of tax):
Loss from discontinued operations (net of taxes)		-			(1,998	)		-			(44	)		(2,042	)
Loss related to divestiture of discontinued operations		-			-			-			-			-
Net income (loss)	$	(15,382	)	$	(18,791	)	$	289		$	18,502		$	(15,382	)
Comprehensive income (loss)	$	(13,822	)	$	(18,791	)	$	289		$	18,502		$	(13,822	)

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Revenues	$	15,821		$	159,695		$	-		$	(16,285	)	$	159,231
Operating costs:
Employee compensation		14,846			54,375			(35	)		-			69,186
Production		-			37,484			-			(473	)		37,011
Selling, general and administrative		2,846			32,216			-			(15,873	)		19,189
Depreciation and amortization		1,498			11,927			-			-			13,425
Total operating costs		19,190			136,002			(35	)		(16,346	)		138,811
Operating income (loss)		(3,369	)		23,693			35			61			20,420
Other income (expense):
Interest expense		(36,777	)		(31	)		-			-			(36,808	)
Debt modification and extinguishment costs		(18,097	)		-			-			-			(18,097	)
Intercompany interest income (expense)		35,571			(35,571	)		-			-			-
Investment income (loss) - consolidated affiliates		(158,515	)		-			-			158,515			-
Other, net		467			(46	)		-			-			421
Total other income (expense)		(177,351	)		(35,648	)		-			158,515			(54,484	)
Income (loss) from continuing operations before income taxes		(180,720	)		(11,955	)		35			158,576			(34,064	)
Income tax expense		-			6,817			-			-			6,817
Income (loss) from continuing operations		(180,720	)		(18,772	)		35			158,576			(40,881	)
Discontinued operations (net of tax):
Loss from discontinued operations		-			(8,081	)		-			(61	)		(8,142	)
Loss related to divestiture of discontinued operations		-			(131,697	)		-			-			(131,697	)
Net income (loss)	$	(180,720	)	$	(158,550	)	$	35		$	158,515		$	(180,720	)
Comprehensive income (loss)	$	(180,720	)	$	(158,550	)	$	35		$	158,515		$	(180,720	)

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Revenues	$	17,219		$	139,427		$	-		$	(17,636	)	$	139,010
Operating costs:
Employee compensation		12,300			54,617			(179	)		-			66,738
Production		-			35,204			-			(322	)		34,882
Selling, general and administrative		3,628			32,866			-			(17,390	)		19,104
Depreciation and amortization		1,279			13,218			-			-			14,497
Total operating costs		17,207			135,905			(179	)		(17,712	)		135,221
Operating income		12			3,522			179			76			3,789
Other income (expense):
Interest expense		(33,733	)		(20	)		-			-			(33,753	)
Debt modification and extinguishment costs		-			-			-			-			-
Intercompany interest income (expense)		34,364			(34,364	)		-			-			-
Investment income (loss) - consolidated affiliates		(44,253	)		-			-			44,253			-
Other, net		469			-			-			-			469
Total other income (expense)		(43,153	)		(34,384	)		-			44,253			(33,284	)
Income (loss) from continuing operations before income taxes		(43,141	)		(30,862	)		179			44,329			(29,495	)
Income tax expense (benefit)		(1,955	)		7,109			-			-			5,154
Income (loss) from continuing operations		(41,186	)		(37,971	)		179			44,329			(34,649	)
Discontinued operations (net of tax):
Loss from discontinued operations (net of tax)		-			(6,461	)		-			(76	)		(6,537	)
Loss related to divestiture of discontinued operations		-			-			-			-			-
Net income (loss)	$	(41,186	)	$	(44,432	)	$	179		$	44,253		$	(41,186	)
Comprehensive income (loss)	$	(38,128	)	$	(44,432	)	$	179		$	44,253		$	(38,128	)

Schedule of Condensed Cash Flow Statement [Table Text Block]

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	17,928		$	2,243		$	40		$	-		$	20,211
Cash flows from investing activities:
Capital expenditures		(412	)		(3,841	)		-			-			(4,253	)
Collateral deposit related to letters of credit		(5,441	)		-			-			-			(5,441	)
Net change in intercompany note receivable		(472	)		-			-			472			-
Other, net		894			942			-			-			1,836
Net cash (used) provided by investing activities		(5,431	)		(2,899	)		-			472			(7,858	)
Cash flows from financing activities:
Increase in borrowings		395,500			-			-			-			395,500
Repayment of borrowings		(387,098	)		-			-			-			(387,098	)
Net change in intercompany loan		-			472			-			(472	)		-
Debt issuance costs		(27,172	)		-			-			-			(27,172	)
Other, net		18			(8	)		(40	)		-			(30	)
Net cash (used) provided by financing activities		(18,752	)		464			(40	)		(472	)		(18,800	)
Net decrease in cash and cash equivalents		(6,255	)		(192	)		-			-			(6,447	)
Cash and cash equivalents at beginning of period		21,674			1,434			-			-			23,108
Cash and cash equivalents at end of period	$	15,419		$	1,242		$	-		$	-		$	16,661

	Media General  Corporate			Guarantor  Subsidiaries			Non-Guarantor  Subsidiaries			Eliminations			Media General Consolidated
Cash flows from operating activities:
Net cash (used) provided by operating activities	$	(7,596	)	$	4,634		$	24		$	-		$	(2,938	)
Cash flows from investing activities:
Capital expenditures		(936	)		(9,643	)		-			-			(10,579	)
Collateral deposit related to letters of credit		-			-			-			-			-
Net change in intercompany note receivable		(5,495	)		-			-			5,495			-
Other, net		53			206			-			-			259
Net cash (used) provided by investing activities		(6,378	)		(9,437	)		-			5,495			(10,320	)
Cash flows from financing activities:
Increase in borrowings		45,000			-			-			-			45,000
Repayment of borrowings		(50,000	)		-			-			-			(50,000	)
Net change in intercompany loan		-			5,495			-			(5,495	)		-
Debt issuance costs		-			-			-			-			-
Other, net		21			-			(24	)		-			(3	)
Net cash (used) provided by financing activities		(4,979	)		5,495			(24	)		(5,495	)		(5,003	)
Net (decrease) increase in cash and cash equivalents		(18,953	)		692			-			-			(18,261	)
Cash and cash equivalents at beginning of period		30,893			967			-			-			31,860
Cash and cash equivalents at end of period	$	11,940		$	1,659		$	-		$	-		$	13,599

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Note 2. Summary of Disposition

6 Months Ended

Jun. 24, 2012

Mergers, Acquisitions and Dispositions Disclosures [Text Block]

2.         On the first day of the third quarter of 2012, the Company sold all of its newspapers (with the exception of the Tampa group) to World Media Enterprises, Inc. (World Media), a subsidiary of Berkshire Hathaway, for $142 million in cash subject to working capital adjustments and other specified items.  The Company is in discussions with other prospective buyers for its Tampa print assets and associated websites.  Additionally, in the second quarter of 2012, the Company sold DealTaker.com for a nominal amount and shut down its production services company which provided broadcast equipment and design services.  As illustrated in the following chart, the results of these newspapers (as well as their associated web sites), DealTaker.com and the Company’s production services unit have been presented as discontinued operations in the accompanying consolidated condensed statements of operations for the second quarters and six months ended June 24, 2012, and June 26, 2011.  Depreciation and amortization on assets related to these properties ceased during the second quarter of 2012.  The accompanying consolidated condensed balance sheets have been adjusted to present assets and liabilities of discontinued operations separately from those of continuing operations.  The Company also recorded a $132 million after-tax loss related to the expected divestiture of discontinued operations, in the second quarter.  The total after-tax loss includes an estimated loss on the sale of newspapers to World Media of $110 million, an estimated loss on the sale of the Tampa print properties of $18 million, and a loss on the sale of DealTaker.com of $4 million. The Company will provide transition services to World Media over the next twelve months in the areas of human resources, information technology and digital support.  Conversely, World Media will provide selected services (particularly the use of certain systems) which will primarily be utilized during the period the Company continues to operate the Tampa print properties.

	Three Months Ended		Three Months Ended			Six Months Ended			Six Months Ended
(In thousands)	June 24, 2012		June 26, 2011			June 24, 2012			June 26, 2011
Revenues	$	74,999	$	83,064		$	149,394		$	164,719
Costs and expense		71,034		82,445			156,350			165,933
Income before income taxes		3,965		619			(6,956	)		(1,214	)
Income taxes		2,399		2,661			1,186			5,323
Income (loss) from discontinued operations	$	1,566	$	(2,042	)	$	(8,142	)	$	(6,537	)

The Company performed an interim impairment test on DealTaker.com as of the end of the first quarter, which resulted in a non-cash goodwill and other intangible asset impairment charge of $6.5 million net of a tax benefit of $3.6 million.  This impairment charge is included in the loss from discontinued operations for the six months ended June 24, 2012.

The assets of discontinued operations consisted of approximately $40 million and $47 million of current assets and $144 million and $291 million of long-lived assets at June 24, 2012 and December 25, 2011, respectively.  Long-lived assets at June 24, 2012, included $200 million of fixed assets, $69 million of allocated goodwill, $2 million of other intangible assets, and $5 million of other assets (primarily software) which were offset by the $132 million loss related to divestiture of discontinued operations.  Long-lived assets at December 25, 2011, included $205 million of fixed assets, $78 million of allocated goodwill, $3 million of other intangible assets, and $5 million of other assets (primarily software).

Liabilities of discontinued operations of approximately $33 million and $38 million at June 24, 2012 and December 25, 2011, respectively primarily represent accounts payable and accrued expenses.

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Consolidated Condensed Balance Sheets (Unaudited) (Parentheticals) (USD $)	Jun. 24, 2012	Dec. 25, 2011
Preferred stock, par value (in Dollars per share)	$ 5	$ 5
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares outstanding	0	0
Common Class A [Member]
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	22,803,358	22,548,741
Common stock, par value (in Dollars per share)	$ 5	$ 5
Common Class B [Member]
Common stock, shares authorized	600,000	600,000
Common stock, shares issued	548,564	548,564
Common stock, par value (in Dollars per share)	$ 5	$ 5

XML

Note 2. Summary of Disposition (Tables)

6 Months Ended

Jun. 24, 2012

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

	Three Months Ended		Three Months Ended			Six Months Ended			Six Months Ended
(In thousands)	June 24, 2012		June 26, 2011			June 24, 2012			June 26, 2011
Revenues	$	74,999	$	83,064		$	149,394		$	164,719
Costs and expense		71,034		82,445			156,350			165,933
Income before income taxes		3,965		619			(6,956	)		(1,214	)
Income taxes		2,399		2,661			1,186			5,323
Income (loss) from discontinued operations	$	1,566	$	(2,042	)	$	(8,142	)	$	(6,537	)

XML

Document And Entity Information	6 Months Ended
	Jun. 24, 2012	Jul. 29, 2012 Common Class A [Member]	Jul. 29, 2012 Common Class B [Member]
Entity Registrant Name	MEDIA GENERAL INC
Document Type	10-Q
Current Fiscal Year End Date	--12-25
Entity Common Stock, Shares Outstanding		22,733,767	548,564
Amendment Flag	false
Entity Central Index Key	0000216539
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 24, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2

XML

Note 3. Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 24, 2012

Schedule of Intangible Assets and Goodwill [Table Text Block]

	December 25, 2011				Change		June 24, 2012
(In thousands)	Gross Carrying Amount		Accumulated Amortization		Amortization Expense		Gross Carrying Amount		Accumulated Amortization
Amortizing intangible assets
(including network affiliation, advertiser and programming relationships):
Virginia/Tennessee	$	30,537	$	19,338	$	298	$	30,537	$	19,636
Florida		-		-		-		-		-
Mid-South		78,118		65,169		1,205		78,118		66,374
North Carolina		7,276		5,808		73		7,276		5,881
Ohio/Rhode Island		9,157		5,580		179		9,157		5,759
Advert. Serv. & Other		2,820		2,802		18		2,820		2,820
Total	$	127,908	$	98,697	$	1,773	$	127,908	$	100,470
Indefinite-lived intangible assets:
Goodwill:
Virginia/Tennessee	$	22,025					$	22,025
Florida		40,663						40,663
Mid-South		112,564						112,564
North Carolina		8,545						8,545
Ohio/Rhode Island		61,408						61,408
Advert. Serv. & Other		1,902						1,902
Total goodwill		247,107						247,107
FCC licenses
Virginia/Tennessee		20,000						20,000
Mid-South		93,694						93,694
North Carolina		24,000						24,000
Ohio/Rhode Island		36,004						36,004
Total FCC licenses		173,698						173,698
Other		114						114
Total	$	420,919					$	420,919

XML

Consolidated Condensed Statements of Operations and Comprehensive Loss (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 24, 2012	Jun. 26, 2011	Jun. 24, 2012	Jun. 26, 2011
Revenues
Broadcast television	$ 80,631	$ 68,833	$ 152,783	$ 132,778
Digital media and other	3,481	2,889	6,448	6,232
Total revenues	84,112	71,722	159,231	139,010
Operating costs:
Employee compensation	32,302	30,220	69,186	66,738
Production	18,923	17,779	37,011	34,882
Selling, general and administrative	10,423	10,263	19,189	19,104
Depreciation and amortization	6,110	7,279	13,425	14,497
Total operating costs	67,758	65,541	138,811	135,221
Operating income	16,354	6,181	20,420	3,789
Other income (expense):
Interest expense	(21,657)	(17,190)	(36,808)	(33,753)
Debt modification and extinguishment costs	(7,689)		(18,097)
Other, net	236	227	421	469
Total other expense	(29,110)	(16,963)	(54,484)	(33,284)
Loss from continuing operations before income taxes	(12,756)	(10,782)	(34,064)	(29,495)
Income tax expense	3,409	2,558	6,817	5,154
Loss from continuing operations	(16,165)	(13,340)	(40,881)	(34,649)
Discontinued operations:
Income (loss) from discontinued operations (net of taxes)	1,566	(2,042)	(8,142)	(6,537)
Loss related to divestiture of discontinued operations (net of taxes)	(131,697)		(131,697)
Net loss	(146,296)	(15,382)	(180,720)	(41,186)
Unrealized gain on derivative contracts (net of deferred taxes of $997 and $1,955, respectively)		1,560		3,058
Comprehensive loss	$ (146,296)	$ (13,822)	$ (180,720)	$ (38,128)
Net loss per common share:
Loss from continuing operations (in Dollars per share)	$ (0.71)	$ (0.59)	$ (1.81)	$ (1.54)
Discontinued operations (in Dollars per share)	$ (5.77)	$ (0.09)	$ (6.20)	$ (0.30)
Net loss per common share – basic and assuming dilution (in Dollars per share)	$ (6.48)	$ (0.68)	$ (8.01)	$ (1.84)

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Note 7. Earnings Per Share

6 Months Ended

Jun. 24, 2012

Earnings Per Share [Text Block]

7.           The following table sets forth the computation of basic and diluted earnings per share.  There were approximately 1.6 million shares and 0.8 million shares (representing the weighted-average of common stock warrants issued to Berkshire Hathaway) that were not included in the computation of diluted EPS for the second quarter and first six months of 2012, respectively, because to do so would have been anti-dilutive for the periods presented.  Additionally, there were approximately 0 shares and 18,000 shares (representing the weighted-average of outstanding stock options) that were not included in the computation of diluted EPS for the second quarter and first six months of 2011, respectively, because to do so would have been anti-dilutive for the periods presented.

(In thousands, except per share amounts)	Three Months Ended June 24, 2012			Three Months Ended June 26, 2011
Numerator for basic and diluted earnings per share:
Loss from continuing operations available to common stockholders	$	(16,165	)	$	(13,340	)
Denominator for basic and diluted earnings per share:
Weighted average shares outstanding		22,563			22,488
Loss from continuing operations per common share (basic and diluted)	$	(0.71	)	$	(0.59	)

(In thousands, except per share amounts)	Six Months Ended June 24, 2012			Six Months Ended June 26, 2011
Numerator for basic and diluted earnings per share:
Loss from continuing operations available to common stockholders	$	(40,881	)	$	(34,649	)
Denominator for basic and diluted earnings per share:
Weighted average shares outstanding		22,559			22,444
Loss from continuing operations per common share (basic and diluted)	$	(1.81	)	$	(1.54	)

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Note 6. Business Segments

6 Months Ended

Jun. 24, 2012

Segment Reporting Disclosure [Text Block]

6.             The Company is a diversified communications company located primarily in the southeastern United States.  The Company is comprised of five geographic market segments (Virginia/Tennessee, Florida, Mid-South, North Carolina and Ohio/Rhode Island) along with a sixth segment that includes interactive advertising service companies.  See Note 2 of this Form 10-Q for a complete discussion regarding what comprises discontinued operations and is consequently excluded from the following segment disclosure.

Revenues for the geographic markets include revenues from 18 network-affiliated television stations and their associated websites.  Revenues for the sixth segment, Advertising Services & Other, are generated by two interactive advertising services companies.

Management measures segment performance based on profit or loss from operations before acquisition-related amortization, impairment charges, and other corporate-related charges such as debt modification and extinguishment costs.  Impairment charges and amortization of acquired intangibles are not allocated to individual segments although the intangible assets themselves are included in identifiable assets for each segment.  Intercompany sales are primarily accounted for as if the sales were at current market prices and are eliminated in the consolidated financial statements.  The Company’s reportable segments are managed separately, largely based on geographic market considerations and a desire to provide services to customers regardless of media platform. In certain instances, operations have been aggregated based on similar economic characteristics.

The following table sets forth the Company’s current and prior-year financial performance by segment:

(In thousands)	Revenues			Depreciation and Amortization			Operating Profit (Loss)
Three Months Ended June 24, 2012
Virginia/Tennessee	$	6,736		$	(349	)	$	2,011
Florida		15,120			(383	)		5,646
Mid-South		36,588			(2,719	)		9,457
North Carolina		7,562			(371	)		1,790
Ohio/Rhode Island		17,146			(738	)		6,603
Advertising Services & Other		1,203			(544	)		(977	)
Eliminations		(243	)		-			32
								24,562
Unallocated amounts:
Acquisition intangibles amortization		-			(442	)		(442	)
Corporate expense		-			(564	)		(8,492	)
	$	84,112		$	(6,110	)
Corporate interest expense								(21,641	)
Debt modification and extinguishment costs								(7,689	)
Other								946
Consolidated loss from continuing operations before income taxes							$	(12,756	)

Three Months Ended June 26, 2011
Virginia/Tennessee	$	5,653		$	(378	)	$	1,039
Florida		12,944			(422	)		3,067
Mid-South		32,488			(2,557	)		6,567
North Carolina		5,840			(428	)		504
Ohio/Rhode Island		14,070			(752	)		3,540
Advertising Services & Other		1,009			(722	)		(1,033	)
Eliminations		(282	)		-			43
								13,727
Unallocated amounts:
Acquisition intangibles amortization		-			(1,361	)		(1,361	)
Corporate expense		-			(659	)		(8,423	)
	$	71,722		$	(7,279	)
Corporate interest expense								(17,180	)
Debt modification and extinguishment costs								-
Other								2,455
Consolidated loss from continuing operations before income taxes							$	(10,782	)

(In thousands)	Assets		Revenues			Depreciation and Amortization			Operating Profit (Loss)
Six Months Ended June 24, 2012
Virginia/Tennessee	$	65,342	$	12,644		$	(697	)	$	3,399
Florida		78,506		29,090			(793	)		9,996
Mid-South		332,163		71,662			(5,435	)		18,660
North Carolina		47,081		13,547			(742	)		2,179
Ohio/Rhode Island		130,099		30,476			(1,393	)		9,784
Advertising Services & Other		10,114		2,276			(1,094	)		(1,391	)
Eliminations		-		(464	)		-			59
										42,686
Unallocated amounts:
Acquisition intangibles amortization		-		-			(1,773	)		(1,773	)
Corporate expense		76,489		-			(1,498	)		(17,359	)
Assets of discontinued operations		183,615
	$	923,409	$	159,231		$	(13,425	)
Corporate interest expense										(36,777	)
Debt modification and extinguishment costs										(18,097	)
Other										(2,744	)
Consolidated loss from continuing operations before income taxes									$	(34,064	)

Six Months Ended June 26, 2011
Virginia/Tennessee	$	10,764		$	(760	)	$	1,754
Florida		25,826			(851	)		6,030
Mid-South		62,581			(5,091	)		11,630
North Carolina		11,151			(857	)		671
Ohio/Rhode Island		26,428			(1,525	)		5,883
Advertising Services & Other		2,738			(1,425	)		(1,481	)
Eliminations		(478	)		-			76
								24,563
Unallocated amounts:
Acquisition intangibles amortization		-			(2,709	)		(2,709	)
Corporate expense		-			(1,279	)		(17,292	)
	$	139,010		$	(14,497	)
Corporate interest expense								(33,733	)
Debt modification and extinguishment costs								-
Other								(324	)
Consolidated loss from continuing operations before income taxes							$	(29,495	)

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Note 9. Stockholders' Equity (Tables)

6 Months Ended

Jun. 24, 2012

Schedule of Stockholders Equity [Table Text Block]

	Class A		Common Stock				Additional Paid-in			Accumulated Other Comprehensive			Retained Earnings (Accumulated
(In thousands, except shares and per share amounts)	Shares		Class A		Class B		Capital			Income (Loss)			Deficit)			Total
Balance at December 25, 2011		22,548,741	$	112,744	$	2,743	$	28,711		$	(185,116	)	$	74,871		$	33,953
Net loss				-		-		-			-			(180,720	)		(180,720	)
Exercise of stock options		20,899		104		-		(59	)		-			-			45
Performance accelerated restricted stock		233,553		1,168		-		(1,252	)		-			21			(63	)
Stock-based compensation				-		-		650			-			-			650
Issuance of common stock warrants				-		-		16,912			-			-			16,912
Other		165		1		-		(40	)		-			-			(39	)
Balance at June 24, 2012		22,803,358	$	114,017	$	2,743	$	44,922		$	(185,116	)	$	(105,828	)	$	(129,262	)

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Note 5. Long-Term Debt and Other Financial Instruments (Tables)

6 Months Ended

Jun. 24, 2012

Schedule of Debt [Table Text Block]

	June 24, 2012
(In thousands)	Carrying Amount
Term loan:
Face value	$	400,000
Remaining original issue discount		(45,497	)
Remaining warrant discount		(16,727	)
Embedded derivative liability		8,809
Remaining embedded derivative discount		(8,713	)
Carrying value		337,872
Revolving credit facility ($26.5 million remaining availability)		18,500
Senior notes:
Face value		300,000
Remaining original issue discount		(4,595	)
Carrying value		295,405
Capital lease liability		134
Total carrying value	$	651,911

Fair Value, by Balance Sheet Grouping [Table Text Block]

	June 24, 2012				December 25, 2011
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Investments
Trading	$	180	$	180	$	205	$	205
Liabilities:
Long-term debt:
Revolving credit facility ($26.5 million available at 6/24/2012)		18,500		18,500		-		-
Term loan (including embedded derivative)		337,872		420,000		363,126		340,639
11.75% senior notes		295,405		322,500		294,919		285,000
Stockholders' Equity (Deficit):
Common stock warrants		16,912		18,585		-		-

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Note 10. Network Affiliation Agreements

6 Months Ended

Jun. 24, 2012

Network Affiliation Agreements [Text Block]

10.   The Company’s network affiliation agreements with NBC were originally scheduled to expire on December 31, 2011 but have been extended through September 1, 2012, as negotiations for a long-term agreement continue.

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Note 8. Employee Benefits

6 Months Ended

Jun. 24, 2012

Pension and Other Postretirement Benefits Disclosure [Text Block]

8.         The following table provides the components of net periodic employee benefits expense for the Company’s benefit plans for the second quarters and first six months of 2012 and 2011:

	Three Months Ended
	Pension Benefits						Other Benefits
(In thousands)	June 24, 2012			June 26, 2011			June 24, 2012			June 26, 2011
Service cost	$	-		$	-		$	50		$	63
Interest cost		5,281			5,613			440			405
Expected return on plan assets		(5,927	)		(5,823	)		-			-
Amortization of prior-service cost		-			-			304			411
Amortization of net loss/(gain)		1,449			947			(235	)		(388	)
Net periodic benefit cost	$	803		$	737		$	559		$	491

	Six Months Ended
	Pension Benefits						Other Benefits
(In thousands)	June 24, 2012			June 26, 2011			June 24, 2012			June 26, 2011
Service cost	$	-		$	-		$	100		$	113
Interest cost		10,581			11,213			890			955
Expected return on plan assets		(11,852	)		(11,998	)		-			-
Amortization of prior-service cost		-			-			629			861
Amortization of net loss/(gain)		2,824			1,897			(410	)		(513	)
Net periodic benefit cost	$	1,553		$	1,112		$	1,209		$	1,416

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Note 9. Stockholders' Equity

6 Months Ended

Jun. 24, 2012

Stockholders' Equity Note Disclosure [Text Block]

9.         The following table shows the Company’s Statement of Stockholders’ Equity (Deficit) as of June 24, 2012:

	Class A		Common Stock				Additional Paid-in			Accumulated Other Comprehensive			Retained Earnings (Accumulated
(In thousands, except shares and per share amounts)	Shares		Class A		Class B		Capital			Income (Loss)			Deficit)			Total
Balance at December 25, 2011		22,548,741	$	112,744	$	2,743	$	28,711		$	(185,116	)	$	74,871		$	33,953
Net loss				-		-		-			-			(180,720	)		(180,720	)
Exercise of stock options		20,899		104		-		(59	)		-			-			45
Performance accelerated restricted stock		233,553		1,168		-		(1,252	)		-			21			(63	)
Stock-based compensation				-		-		650			-			-			650
Issuance of common stock warrants				-		-		16,912			-			-			16,912
Other		165		1		-		(40	)		-			-			(39	)
Balance at June 24, 2012		22,803,358	$	114,017	$	2,743	$	44,922		$	(185,116	)	$	(105,828	)	$	(129,262	)

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Note 11. Guarantor Financial Information

6 Months Ended

Jun. 24, 2012

Condensed Financial Statements [Text Block]

11.        The Company’s subsidiaries guarantee the debt securities of the parent company. The Company’s subsidiaries are 100% owned except for the Supplemental 401(k) Plan; all subsidiaries except those in the non-guarantor column (the Supplemental 401(k) Plan) currently guarantee the debt securities. These guarantees are full and unconditional and on a joint and several basis. The following financial information presents condensed consolidating balance sheets, statements of operations, and statements of cash flows for the parent company, the Guarantor Subsidiaries, and the Non-Guarantor Subsidiaries, together with certain eliminations.

 Media General, Inc.
 Condensed Consolidating Balance Sheet

 As of June 24, 2012

 (In thousands, unaudited)

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	15,419		$	1,242		$	-		$	-		$	16,661
Accounts receivable - net		-			60,702			-			-			60,702
Other		9,782			9,014			-			-			18,796
Assets of discontinued operations		-			183,615			-			-			183,615
Total current assets		25,201			254,573			-			-			279,774
Investment in and advances to subsidiaries		62,133			1,997,804			-			(2,059,937	)		-
Intercompany note receivable		677,941			-			-			(677,941	)		-
Other assets		29,244			6,446			180			-			35,870
Property, plant and equipment - net		22,445			136,963			-			-			159,408
FCC licenses and other intangibles - net		-			201,250			-			-			201,250
Excess cost over fair value of net identifiable assets of acquired businesses		-			247,107			-			-			247,107
TOTAL ASSETS	$	816,964		$	2,844,143		$	180		$	(2,737,878	)	$	923,409
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	14,605		$	4,735		$	-		$	(6	)	$	19,334
Accrued expenses and other liabilities		39,374			15,270			-			-			54,644
Liabilities of discontinued operations		-			32,547			-			-			32,547
Total current liabilities		53,979			52,552			-			(6	)		106,525
Long-term debt		651,904			7			-			-			651,911
Intercompany loan		-			677,941			-			(677,941	)		-
Retirement, post-retirement and post-employment plans		218,820			-			-			-			218,820
Deferred income taxes		-			52,721			-			-			52,721
Other liabilities and deferred credits		19,456			2,463			775			-			22,694
Stockholders' equity (deficit):
Common stock		116,760			4,872			-			(4,872	)		116,760
Additional paid-in capital		46,989			2,435,790			(2,034	)		(2,435,823	)		44,922
Accumulated other comprehensive loss		(185,116	)		-			-			-			(185,116	)
Retained earnings (accumulated deficit)		(105,828	)		(382,203	)		1,439			380,764			(105,828	)
Total stockholders' equity (deficit)		(127,195	)		2,058,459			(595	)		(2,059,931	)		(129,262	)
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	$	816,964		$	2,844,143		$	180		$	(2,737,878	)	$	923,409

 Media General, Inc.
 Condensed Consolidating Balance Sheet

 As of December 25, 2011

 (In thousands)

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	21,674		$	1,434		$	-		$	-		$	23,108
Accounts receivable - net		-			59,260			-			-			59,260
Other		3,698			13,815			-			-			17,513
Assets of discontinued operations		-			337,853			-			-			337,853
Total current assets		25,372			412,362			-			-			437,734
Investment in and advances to subsidiaries		233,450			1,985,266			-			(2,218,716	)		-
Intercompany note receivable		677,469			-			-			(677,469	)		-
Other assets		19,694			8,451			205			-			28,350
Property, plant and equipment - net		25,813			144,014			-			-			169,827
FCC licenses and other intangibles - net		-			203,023			-			-			203,023
Excess of cost over fair value of net identifiable assets of acquired businesses		-			247,107			-			-			247,107
TOTAL ASSETS	$	981,798		$	3,000,223		$	205		$	(2,896,185	)	$	1,086,041
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	11,390		$	5,247		$	-		$	(6	)	$	16,631
Accrued expenses and other liabilities		33,430			13,385			-			-			46,815
Liabilities of discontinued operations		-			38,269			-			-			38,269
Total current liabilities		44,820			56,901			-			(6	)		101,715
Long-term debt		658,199			-			-			-			658,199
Intercompany loan		-			677,469			-			(677,469	)		-
Retirement, post-retirement and post-employment plans		223,132			-			-			-			223,132
Deferred income taxes		-			45,954			-			-			45,954
Other liabilities and deferred credits		19,403			2,890			795			-			23,088
Stockholders' equity (deficit):
Common stock		115,487			4,872			-			(4,872	)		115,487
Additional paid-in capital		31,002			2,435,790			(1,994	)		(2,436,087	)		28,711
Accumulated other comprehensive loss		(185,116	)		-			-			-			(185,116	)
Retained earnings (accumulated deficit)		74,871			(223,653	)		1,404			222,249			74,871
Total stockholders' equity (deficit)		36,244			2,217,009			(590	)		(2,218,710	)		33,953
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	$	981,798		$	3,000,223		$	205		$	(2,896,185	)	$	1,086,041

 Media General, Inc.
 Condensed Consolidating Statements of Operations
 and Comprehensive Loss

 Three Months Ended June 24, 2012

 (In thousands, unaudited)

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Revenues	$	7,267		$	84,355		$	-		$	(7,510	)	$	84,112
Operating costs:
Employee compensation		5,299			27,205			(202	)		-			32,302
Production		-			19,169			-			(246	)		18,923
Selling, general and administrative		1,455			16,266			-			(7,298	)		10,423
Depreciation and amortization		565			5,545			-			-			6,110
Total operating costs		7,319			68,185			(202	)		(7,544	)		67,758
Operating income (loss)		(52	)		16,170			202			34			16,354
Other income (expense):
Interest expense		(21,641	)		(16	)		-			-			(21,657	)
Debt modification and extinguishment costs		(7,689	)		-			-			-			(7,689	)
Intercompany interest income (expense)		20,866			(20,866	)		-			-			-
Investment income (loss) - consolidated affiliates		(138,038	)		-			-			138,038			-
Other, net		258			(22	)		-			-			236
Total other income (expense)		(146,244	)		(20,904	)		-			138,038			(29,110	)
Income (loss) from continuing operations before income taxes		(146,296	)		(4,734	)		202			138,072			(12,756	)
Income tax expense		-			3,409			-			-			3,409
Income (loss) from continuing operations		(146,296	)		(8,143	)		202			138,072			(16,165	)
Discontinued operations (net of tax):
Income from discontinued operations		-			1,600			-			(34	)		1,566
Loss related to divestiture of discontinued operations		-			(131,697	)		-			-			(131,697	)
Net income (loss)	$	(146,296	)	$	(138,240	)	$	202		$	138,038		$	(146,296	)
Comprehensive income (loss)	$	(146,296	)	$	(138,240	)	$	202		$	138,038		$	(146,296	)

 Media General, Inc.
 Condensed Consolidating Statements of Operations
 and Comprehensive Loss

 Three Months Ended June 26, 2011

 (In thousands, unaudited)

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Revenues	$	7,891		$	72,004		$	-		$	(8,173	)	$	71,722
Operating costs:
Employee compensation		3,466			27,043			(289	)		-			30,220
Production		-			17,969			-			(190	)		17,779
Selling, general and administrative		1,902			16,388			-			(8,027	)		10,263
Depreciation and amortization		659			6,620			-			-			7,279
Total operating costs		6,027			68,020			(289	)		(8,217	)		65,541
Operating income		1,864			3,984			289			44			6,181
Other income (expense):
Interest expense		(17,180	)		(10	)		-			-			(17,190	)
Debt modification and extinguishment costs		-			-			-			-			-
Intercompany interest income (expense)		17,210			(17,210	)		-			-			-
Investment income (loss) - consolidated affiliates		(18,502	)		-			-			18,502			-
Other, net		228			(1	)		-			-			227
Total other income (expense)		(18,244	)		(17,221	)		-			18,502			(16,963	)
Income (loss) from continuing operations before income taxes		(16,380	)		(13,237	)		289			18,546			(10,782	)
Income tax expense (benefit)		(998	)		3,556			-			-			2,558
Income (loss) from continuing operations		(15,382	)		(16,793	)		289			18,546			(13,340	)
Discontinued operations (net of tax):
Loss from discontinued operations (net of taxes)		-			(1,998	)		-			(44	)		(2,042	)
Loss related to divestiture of discontinued operations		-			-			-			-			-
Net income (loss)	$	(15,382	)	$	(18,791	)	$	289		$	18,502		$	(15,382	)
Comprehensive income (loss)	$	(13,822	)	$	(18,791	)	$	289		$	18,502		$	(13,822	)

 Media General, Inc.
 Condensed Consolidating Statements of Operations

 and Comprehensive Loss

 Six Months Ended June 24, 2012

 (In thousands, unaudited)

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Revenues	$	15,821		$	159,695		$	-		$	(16,285	)	$	159,231
Operating costs:
Employee compensation		14,846			54,375			(35	)		-			69,186
Production		-			37,484			-			(473	)		37,011
Selling, general and administrative		2,846			32,216			-			(15,873	)		19,189
Depreciation and amortization		1,498			11,927			-			-			13,425
Total operating costs		19,190			136,002			(35	)		(16,346	)		138,811
Operating income (loss)		(3,369	)		23,693			35			61			20,420
Other income (expense):
Interest expense		(36,777	)		(31	)		-			-			(36,808	)
Debt modification and extinguishment costs		(18,097	)		-			-			-			(18,097	)
Intercompany interest income (expense)		35,571			(35,571	)		-			-			-
Investment income (loss) - consolidated affiliates		(158,515	)		-			-			158,515			-
Other, net		467			(46	)		-			-			421
Total other income (expense)		(177,351	)		(35,648	)		-			158,515			(54,484	)
Income (loss) from continuing operations before income taxes		(180,720	)		(11,955	)		35			158,576			(34,064	)
Income tax expense		-			6,817			-			-			6,817
Income (loss) from continuing operations		(180,720	)		(18,772	)		35			158,576			(40,881	)
Discontinued operations (net of tax):
Loss from discontinued operations		-			(8,081	)		-			(61	)		(8,142	)
Loss related to divestiture of discontinued operations		-			(131,697	)		-			-			(131,697	)
Net income (loss)	$	(180,720	)	$	(158,550	)	$	35		$	158,515		$	(180,720	)
Comprehensive income (loss)	$	(180,720	)	$	(158,550	)	$	35		$	158,515		$	(180,720	)

 Media General, Inc.
 Condensed Consolidating Statements of Operations
 and Comprehensive Loss

 Six Months Ended June 26, 2011

 (In thousands, unaudited)

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Revenues	$	17,219		$	139,427		$	-		$	(17,636	)	$	139,010
Operating costs:
Employee compensation		12,300			54,617			(179	)		-			66,738
Production		-			35,204			-			(322	)		34,882
Selling, general and administrative		3,628			32,866			-			(17,390	)		19,104
Depreciation and amortization		1,279			13,218			-			-			14,497
Total operating costs		17,207			135,905			(179	)		(17,712	)		135,221
Operating income		12			3,522			179			76			3,789
Other income (expense):
Interest expense		(33,733	)		(20	)		-			-			(33,753	)
Debt modification and extinguishment costs		-			-			-			-			-
Intercompany interest income (expense)		34,364			(34,364	)		-			-			-
Investment income (loss) - consolidated affiliates		(44,253	)		-			-			44,253			-
Other, net		469			-			-			-			469
Total other income (expense)		(43,153	)		(34,384	)		-			44,253			(33,284	)
Income (loss) from continuing operations before income taxes		(43,141	)		(30,862	)		179			44,329			(29,495	)
Income tax expense (benefit)		(1,955	)		7,109			-			-			5,154
Income (loss) from continuing operations		(41,186	)		(37,971	)		179			44,329			(34,649	)
Discontinued operations (net of tax):
Loss from discontinued operations (net of tax)		-			(6,461	)		-			(76	)		(6,537	)
Loss related to divestiture of discontinued operations		-			-			-			-			-
Net income (loss)	$	(41,186	)	$	(44,432	)	$	179		$	44,253		$	(41,186	)
Comprehensive income (loss)	$	(38,128	)	$	(44,432	)	$	179		$	44,253		$	(38,128	)

 Media General, Inc.

 Condensed Consolidating Statements of Cash Flows

  Six Months Ended June 24, 2012

 (In thousands, unaudited)

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	17,928		$	2,243		$	40		$	-		$	20,211
Cash flows from investing activities:
Capital expenditures		(412	)		(3,841	)		-			-			(4,253	)
Collateral deposit related to letters of credit		(5,441	)		-			-			-			(5,441	)
Net change in intercompany note receivable		(472	)		-			-			472			-
Other, net		894			942			-			-			1,836
Net cash (used) provided by investing activities		(5,431	)		(2,899	)		-			472			(7,858	)
Cash flows from financing activities:
Increase in borrowings		395,500			-			-			-			395,500
Repayment of borrowings		(387,098	)		-			-			-			(387,098	)
Net change in intercompany loan		-			472			-			(472	)		-
Debt issuance costs		(27,172	)		-			-			-			(27,172	)
Other, net		18			(8	)		(40	)		-			(30	)
Net cash (used) provided by financing activities		(18,752	)		464			(40	)		(472	)		(18,800	)
Net decrease in cash and cash equivalents		(6,255	)		(192	)		-			-			(6,447	)
Cash and cash equivalents at beginning of period		21,674			1,434			-			-			23,108
Cash and cash equivalents at end of period	$	15,419		$	1,242		$	-		$	-		$	16,661

 Media General, Inc.
 Condensed Consolidating Statements of Cash Flows

 Six Months Ended June 26, 2011

 (In thousands, unaudited)

	Media General  Corporate			Guarantor  Subsidiaries			Non-Guarantor  Subsidiaries			Eliminations			Media General Consolidated
Cash flows from operating activities:
Net cash (used) provided by operating activities	$	(7,596	)	$	4,634		$	24		$	-		$	(2,938	)
Cash flows from investing activities:
Capital expenditures		(936	)		(9,643	)		-			-			(10,579	)
Collateral deposit related to letters of credit		-			-			-			-			-
Net change in intercompany note receivable		(5,495	)		-			-			5,495			-
Other, net		53			206			-			-			259
Net cash (used) provided by investing activities		(6,378	)		(9,437	)		-			5,495			(10,320	)
Cash flows from financing activities:
Increase in borrowings		45,000			-			-			-			45,000
Repayment of borrowings		(50,000	)		-			-			-			(50,000	)
Net change in intercompany loan		-			5,495			-			(5,495	)		-
Debt issuance costs		-			-			-			-			-
Other, net		21			-			(24	)		-			(3	)
Net cash (used) provided by financing activities		(4,979	)		5,495			(24	)		(5,495	)		(5,003	)
Net (decrease) increase in cash and cash equivalents		(18,953	)		692			-			-			(18,261	)
Cash and cash equivalents at beginning of period		30,893			967			-			-			31,860
Cash and cash equivalents at end of period	$	11,940		$	1,659		$	-		$	-		$	13,599

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Note 5. Long-Term Debt and Other Financial Instruments (Detail) - Carrying Values and Estimated Fair Values of the Company's Financial Instruments (Parentheticals) (USD $) In Thousands, unless otherwise specified	Jun. 24, 2012	Dec. 25, 2011
Revolving credit facility, available (in Dollars)	26,500
Revolving credit facility, available (in Dollars)	26,500
11.75% Senior Notes [Member]
Interest rate on senior notes	11.75%	11.75%

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Note 7. Earnings Per Share (Tables)

6 Months Ended

Jun. 24, 2012

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

(In thousands, except per share amounts)	Three Months Ended June 24, 2012			Three Months Ended June 26, 2011
Numerator for basic and diluted earnings per share:
Loss from continuing operations available to common stockholders	$	(16,165	)	$	(13,340	)
Denominator for basic and diluted earnings per share:
Weighted average shares outstanding		22,563			22,488
Loss from continuing operations per common share (basic and diluted)	$	(0.71	)	$	(0.59	)

(In thousands, except per share amounts)	Six Months Ended June 24, 2012			Six Months Ended June 26, 2011
Numerator for basic and diluted earnings per share:
Loss from continuing operations available to common stockholders	$	(40,881	)	$	(34,649	)
Denominator for basic and diluted earnings per share:
Weighted average shares outstanding		22,559			22,444
Loss from continuing operations per common share (basic and diluted)	$	(1.81	)	$	(1.54	)

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Note 2. Summary of Disposition (Detail) - Summary of Discontinued Operation's Income (Loss) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 24, 2012	Jun. 26, 2011	Jun. 24, 2012	Jun. 26, 2011
Revenues	$ 74,999	$ 83,064	$ 149,394	$ 164,719
Costs and expense	71,034	82,445	156,350	165,933
Income before income taxes	3,965	619	(6,956)	(1,214)
Income taxes	2,399	2,661	1,186	5,323
Income (loss) from discontinued operations	$ 1,566	$ (2,042)	$ (8,142)	$ (6,537)

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Note 9. Stockholders' Equity (Detail) - Statement of Stockholders’ Equity (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended						6 Months Ended			6 Months Ended
	Jun. 24, 2012	Jun. 26, 2011	Jun. 24, 2012	Jun. 26, 2011	Jun. 24, 2012 Common Stock Class A Shares [Member]	Jun. 24, 2012 Common Stock Class A [Member]	Jun. 24, 2012 Common Stock Class B [Member]	Dec. 25, 2011 Common Stock Class B [Member]	Jun. 24, 2012 Additional Paid-in Capital [Member]	Jun. 24, 2012 Accumulated Other Comprehensive Income (Loss) [Member]	Dec. 25, 2011 Accumulated Other Comprehensive Income (Loss) [Member]	Jun. 24, 2012 Retained Earnings [Member]
Balance at December 25, 2011 (in Shares)					22,548,741
Balance at December 25, 2011			$ 33,953			$ 112,744	$ 2,743	$ 2,743	$ 28,711	$ (185,116)	$ (185,116)	$ 74,871
Net loss	(146,296)	(15,382)	(180,720)	(41,186)								(180,720)
Exercise of stock options (in Shares)					20,899
Exercise of stock options			45			104			(59)
Performance accelerated restricted stock (in Shares)					233,553
Performance accelerated restricted stock			(63)			1,168			(1,252)			21
Stock-based compensation			650						650
Issuance of common stock warrants			16,912						16,912
Other (in Shares)					165
Other			(39)			1			(40)
Balance at June 24, 2012 (in Shares)					22,803,358
Balance at June 24, 2012	$ (129,262)		$ (129,262)			$ 114,017	$ 2,743	$ 2,743	$ 44,922	$ (185,116)	$ (185,116)	$ (105,828)

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Consolidated Condensed Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 24, 2012	Jun. 26, 2011
Net loss	$ (180,720)	$ (41,186)
Adjustments to reconcile net loss:
Depreciation and amortization	21,086	26,060
Deferred income taxes	11,613	12,432
Loss related to divestiture of discontinued operations (net of taxes)	131,697
Goodwill and other asset impairment (net of taxes)	6,472
Non-cash interest expense	4,405	1,744
Debt modification and extinguishment costs	18,097
Change in assets and liabilities:
Accounts receivable and inventories	8,096	16,669
Accounts payable, accrued expenses, and other liabilities	9,819	(6,224)
Retirement plan contributions	(4,440)	(7,053)
Other, net	(5,914)	(5,380)
Net cash provided (used) by operating activities	20,211	(2,938)
Investing activities:
Capital expenditures	(4,253)	(10,579)
Collateral deposit related to letters of credit	(5,441)
Other, net	1,836	259
Net cash used by investing activities	(7,858)	(10,320)
Financing activities:
Increase in borrowings	395,500	45,000
Repayment of borrowings	(387,098)	(50,000)
Debt issuance costs	(27,172)
Other, net	(30)	(3)
Net cash used by financing activities	(18,800)	(5,003)
Net decrease in cash and cash equivalents	(6,447)	(18,261)
Cash and cash equivalents at beginning of period	23,108	31,860
Cash and cash equivalents at end of period	16,661	13,599
Cash paid for interest	29,833	32,288
Non-cash financing activites:
Issuance of common stock warrants	(16,912)
Discount accretion	1,270	495
Payment-in-kind interest	$ 972

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Note 5. Long-Term Debt and Other Financial Instruments

6 Months Ended

Jun. 24, 2012

Long Term Debt Financial Instruments And Derivatives [Text Block]

5.            On May 24 2012, the Company consummated a financing arrangement with BH Finance LLC, an affiliate of Berkshire Hathaway, that provides the Company with a $400 million term loan and a $45 million revolving credit line.  The funding of the new financing arrangement’s term loan and an initial draw of the revolving credit facility resulted in cash proceeds to the Company of $382.5 million, which were immediately used to fully repay all amounts outstanding under the Company’s existing credit facility, pay fees and expenses related to the financing and to fund working capital requirements.  The new loan was issued at a discount of 11.5% and was secured pari passu with the Company’s existing 11.75% senior secured notes due 2017.   The new term loan has an interest rate of 10.5%, which could step down to 9% if total leverage were to reach 3.50x.  While the new financing arrangement does not contain financial covenants, there are restrictions, in whole or in part, on certain activities including the incurrence of additional debt, repurchase of shares, and the payment of dividends.  The term loan may be voluntarily repaid prior to maturity, in whole or in part, at a price equal to 100% of the principal amount repaid plus accrued and unpaid interest, plus a premium as set forth in the agreement.  Other factors, such as the sale of assets may result in a mandatory prepayment or an offer to prepay a portion of the term loan without premium or penalty.  In addition, the Company may apply up to a maximum of $80 million of the proceeds from the sale of newspapers to World Media to its term loan at par without premium or penalty. The Company considers the prepayment feature to be an embedded derivative which it has bifurcated from the term loan as shown in the chart below.  The new loan and revolving credit facility will mature in May of 2020 and is guaranteed by the Company’s subsidiaries.  The revolving credit line bears interest at a rate of 10% and is subject to a 2% commitment fee.

Concurrent with the funding of the new financing arrangement and pursuant to a Warrant Agreement entered into on May 24, 2012, the Company issued warrants to Berkshire Hathaway to purchase 4.6 million shares of Class A common stock, which represented approximately 19.9% of the number of then outstanding shares of the Company’s common stock.  The warrants are exercisable immediately at a price of $0.01 per share and expire on May 24, 2020.  The Warrant Agreement contains customary anti-dilution provisions that increase the amount of shares that each warrant is exercisable for in the event that certain dilutive events occur.

In conjunction with the secured financing with Berkshire Hathaway and the repayment of the previous credit facility in the second quarter of 2012, the Company recorded debt modification and extinguishment costs of $7.7 million, primarily due to the write-off of unamortized fees related to the former credit agreement.  In addition, the Company capitalized $11 million of arrangement and legal fees related to the new financing; these fees will be amortized as interest expense over the term of the new financing arrangement.  In March of 2012, the Company amended its previous bank credit agreement which resulted in a $10.4 million of expense for debt modification and extinguishment costs including certain advisory, arrangement, and legal fees related to that refinancing. 

The previous bank credit facility had an interest rate of LIBOR (with a 1.5% floor) plus a margin of 7% and commitment fees of 2.5%, which were determined by the Company’s leverage ratio, as defined in the agreement.  In addition to this cash interest, the Company accrued payment-in-kind (PIK) interest of 1.5%.  PIK interest increased the bank term loan by nearly $1 million between March and May and was paid in cash upon repayment of the entire facility.

As of June 24, 2012, the Company had in place a $400 million term loan that was fully drawn and a revolving credit facility with an $18.5 million outstanding balance and availability of $26.5 million. Also outstanding were 11.75% senior notes with a par value of $300 million that were sold at a discount and carried on the balance sheet at quarter end at $295 million.  The new term loan with BH Finance matures in March 2020 and bears an interest rate of 10.5%, but could decrease to 9% based on the Company’s leverage ratio, as defined in the agreement.  The Company was in compliance with all provisions at June 24, 2012. The chart below summarizes the carrying value of long-term debt at June 24, 2012:

	June 24, 2012
(In thousands)	Carrying Amount
Term loan:
Face value	$	400,000
Remaining original issue discount		(45,497	)
Remaining warrant discount		(16,727	)
Embedded derivative liability		8,809
Remaining embedded derivative discount		(8,713	)
Carrying value		337,872
Revolving credit facility ($26.5 million remaining availability)		18,500
Senior notes:
Face value		300,000
Remaining original issue discount		(4,595	)
Carrying value		295,405
Capital lease liability		134
Total carrying value	$	651,911

Subsequent to the end of the second quarter, the Company completed the sale of its newspapers to World Media Enterprises (a subsidiary of Berkshire Hathaway) for $142 million in cash, subject to normal adjustments.  The Company has used the net proceeds from the newspaper sale to further reduce debt.  The Company has repaid $54 million on the term loan at par and the $18.5 million balance on the revolver.  On June 29, 2012, the Company commenced a cash tender offer to purchase up to $45 million of its 11.75% senior notes due 2017.  The tender offer expired on July 30, 2012, with only $200,000 of acceptances received.  The Company has offered and Berkshire Hathaway will accept repayment at par for the amount the noteholders elected not to take.  Any early repayment will result in additional interest expense from accelerated recognition of a pro rata portion of discounts and deferred issuance costs.

In the third quarter of 2011, the Company’s last remaining interest rate swaps matured.  Interest rate swaps were carried at fair value based on the present value of the estimated cash flows the Company would have received or paid to terminate the swaps; the Company applied a discount rate that was predicated on quoted LIBOR prices and current market spreads for unsecured borrowings.  In the first six months of 2011, $5.4 million was reclassified from Other Comprehensive Income (OCI) into interest expense on the Consolidated Condensed Statement of Operations as the effective portion of the interest rate swap.  The pretax change deferred in OCI in the first six months of 2011 was $5.0 million, which was recorded in the Consolidated Condensed Statement of Operations in the “Interest expense” line.

The following table includes information about the carrying values and estimated fair values of the Company’s financial instruments at June 24, 2012 and December 25, 2011:

	June 24, 2012				December 25, 2011
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Investments
Trading	$	180	$	180	$	205	$	205
Liabilities:
Long-term debt:
Revolving credit facility ($26.5 million available at 6/24/2012)		18,500		18,500		-		-
Term loan (including embedded derivative)		337,872		420,000		363,126		340,639
11.75% senior notes		295,405		322,500		294,919		285,000
Stockholders' Equity (Deficit):
Common stock warrants		16,912		18,585		-		-

Trading securities held by the Supplemental 401(k) Plan are carried at fair value and are determined by reference to quoted market prices.  At June 24, 2012, the fair values of the revolving credit facility and term loan were determined using a discounted cash flow analysis and an estimate of the current yield by reference to market interest rates for the Company’s senior notes.  At December 25, 2011, the fair value of the bank term loan debt was estimated using discounted cash flow analyses and the Company’s bank borrowing rate.  The fair value of the 11.75% senior notes was valued by reference to the most recent trade prior to the end of the applicable period.  The fair value of the common stock warrants at June 24, 2012, was determined by reference to a Black-Scholes model.  Under the fair value hierarchy, the Company’s trading securities fall under Level 1 (quoted prices in active markets), its senior notes, its common stock warrants, and it term loan that existed at December 25,  2011, fall under Level 2 (other observable inputs).  Its revolving credit facility and term loan at June 24, 2012, fall under Level 3 (unobservable inputs).

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Note 3. Goodwill and Intangible Assets (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 24, 2012	Jun. 26, 2011	Jun. 24, 2012	Jun. 26, 2011
Amortization of Intangible Assets	$ 400,000	$ 1,400,000	$ 1,773,000	$ 2,700,000
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	2,800,000		2,800,000
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	1,800,000		1,800,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	1,800,000		1,800,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1,800,000		1,800,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1,800,000		1,800,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	1,800,000		1,800,000
Goodwill, Impaired, Accumulated Impairment Loss	$ 724,000,000		$ 724,000,000

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Note 7. Earnings Per Share (Detail)	3 Months Ended		6 Months Ended
	Jun. 24, 2012	Jun. 26, 2011	Jun. 24, 2012	Jun. 26, 2011
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,600,000	0	800,000	18,000

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Note 6. Business Segments (Tables)

6 Months Ended

Jun. 24, 2012

Schedule of Segment Reporting Information, by Segment [Table Text Block]

(In thousands)	Revenues			Depreciation and Amortization			Operating Profit (Loss)
Three Months Ended June 24, 2012
Virginia/Tennessee	$	6,736		$	(349	)	$	2,011
Florida		15,120			(383	)		5,646
Mid-South		36,588			(2,719	)		9,457
North Carolina		7,562			(371	)		1,790
Ohio/Rhode Island		17,146			(738	)		6,603
Advertising Services & Other		1,203			(544	)		(977	)
Eliminations		(243	)		-			32
								24,562
Unallocated amounts:
Acquisition intangibles amortization		-			(442	)		(442	)
Corporate expense		-			(564	)		(8,492	)
	$	84,112		$	(6,110	)
Corporate interest expense								(21,641	)
Debt modification and extinguishment costs								(7,689	)
Other								946
Consolidated loss from continuing operations before income taxes							$	(12,756	)

Three Months Ended June 26, 2011
Virginia/Tennessee	$	5,653		$	(378	)	$	1,039
Florida		12,944			(422	)		3,067
Mid-South		32,488			(2,557	)		6,567
North Carolina		5,840			(428	)		504
Ohio/Rhode Island		14,070			(752	)		3,540
Advertising Services & Other		1,009			(722	)		(1,033	)
Eliminations		(282	)		-			43
								13,727
Unallocated amounts:
Acquisition intangibles amortization		-			(1,361	)		(1,361	)
Corporate expense		-			(659	)		(8,423	)
	$	71,722		$	(7,279	)
Corporate interest expense								(17,180	)
Debt modification and extinguishment costs								-
Other								2,455
Consolidated loss from continuing operations before income taxes							$	(10,782	)

Six Months Ended June 26, 2011
Virginia/Tennessee	$	10,764		$	(760	)	$	1,754
Florida		25,826			(851	)		6,030
Mid-South		62,581			(5,091	)		11,630
North Carolina		11,151			(857	)		671
Ohio/Rhode Island		26,428			(1,525	)		5,883
Advertising Services & Other		2,738			(1,425	)		(1,481	)
Eliminations		(478	)		-			76
								24,563
Unallocated amounts:
Acquisition intangibles amortization		-			(2,709	)		(2,709	)
Corporate expense		-			(1,279	)		(17,292	)
	$	139,010		$	(14,497	)
Corporate interest expense								(33,733	)
Debt modification and extinguishment costs								-
Other								(324	)
Consolidated loss from continuing operations before income taxes							$	(29,495	)

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

(In thousands)	Assets		Revenues			Depreciation and Amortization			Operating Profit (Loss)
Six Months Ended June 24, 2012
Virginia/Tennessee	$	65,342	$	12,644		$	(697	)	$	3,399
Florida		78,506		29,090			(793	)		9,996
Mid-South		332,163		71,662			(5,435	)		18,660
North Carolina		47,081		13,547			(742	)		2,179
Ohio/Rhode Island		130,099		30,476			(1,393	)		9,784
Advertising Services & Other		10,114		2,276			(1,094	)		(1,391	)
Eliminations		-		(464	)		-			59
										42,686
Unallocated amounts:
Acquisition intangibles amortization		-		-			(1,773	)		(1,773	)
Corporate expense		76,489		-			(1,498	)		(17,359	)
Assets of discontinued operations		183,615
	$	923,409	$	159,231		$	(13,425	)
Corporate interest expense										(36,777	)
Debt modification and extinguishment costs										(18,097	)
Other										(2,744	)
Consolidated loss from continuing operations before income taxes									$	(34,064	)