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Note 11. Guarantor Financial Information
 9 Months Ended
Sep. 23, 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 September 23, 2012
 (In thousands, unaudited)

   
Media General
Corporate
   
Guarantor
Subsidiaries
   
Non-Guarantor
Subsidiaries
   
Eliminations
   
Media General
Consolidated
 
ASSETS
                             
Current assets:
                             
Cash and cash equivalents
  $ 27,765     $ 685     $ -     $ -     $ 28,450  
Accounts receivable - net
    -       61,595       -       -       61,595  
Other
    9,674       16,451       -       -       26,125  
Assets of discontinued operations
    -       10,552       -       -       10,552  
Total current assets
    37,439       89,283       -       -       126,722  
                                         
Investment in and advances to subsidiaries
    19,266       1,345,179       -       (1,364,445 )     -  
Intercompany note receivable
    563,359       -       -       (563,359 )     -  
Other assets
    30,908       6,854       193       -       37,955  
Property, plant and equipment - net
    21,750       139,695       -       -       161,445  
FCC licenses and other intangibles - net
    -       200,695       -       -       200,695  
Excess cost over fair value of net identifiable assets of acquired businesses
    -       247,149       -       -       247,149  
TOTAL ASSETS
  $ 672,722     $ 2,028,855     $ 193     $ (1,927,804 )   $ 773,966  
                                         
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                                 
Current liabilities:
                                       
Accounts payable
  $ 9,263     $ 5,490     $ -     $ -     $ 14,753  
Accrued expenses and other liabilities
    38,698       28,267       -       -       66,965  
Liabilities of discontinued operations
    -       9,535       -       -       9,535  
Total current liabilities
    47,961       43,292       -       -       91,253  
                                         
Long-term debt
    551,331       6       -       -       551,337  
Intercompany loan
    -       563,359       -       (563,359 )     -  
Retirement, post-retirement and post-employment plans
    213,675       -       -       -       213,675  
Deferred income taxes
    -       56,241       -       -       56,241  
Other liabilities and deferred credits
    17,883       2,634       854       -       21,371  
                                         
Stockholders' equity (deficit):
                                       
Common stock
    116,361       3,802       -       (3,802 )     116,361  
Additional paid-in capital
    46,673       1,751,635       (1,954 )     (1,751,464 )     44,890  
Accumulated other comprehensive loss
    (185,116 )     -       -       -       (185,116 )
Retained earnings (accumulated deficit)
    (136,046 )     (392,114 )     1,293       390,821       (136,046 )
Total stockholders' equity (deficit)
    (158,128 )     1,363,323       (661 )     (1,364,445 )     (159,911 )
                                         
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)
  $ 672,722     $ 2,028,855     $ 193     $ (1,927,804 )   $ 773,966  

 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
    -       58,587       -       -       58,587  
Other
    3,698       13,726       -       -       17,424  
Assets of discontinued operations
    -       333,329       -       -       333,329  
Total current assets
    25,372       407,076       -       -       432,448  
                                         
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       8,378       205       -       28,277  
Property, plant and equipment - net
    25,813       149,463       -       -       175,276  
FCC licenses and other intangibles - net
    -       202,891       -       -       202,891  
Excess of cost over fair value of net identifiable assets of acquired businesses
    -       247,149       -       -       247,149  
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     $ 5,143     $ -     $ (6 )   $ 16,527  
Accrued expenses and other liabilities
    33,430       13,042       -       -       46,472  
Liabilities of discontinued operations
    -       38,716       -       -       38,716  
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 September 23, 2012
 (In thousands, unaudited)

   
Media General
Corporate
   
Guarantor
Subsidiaries
   
Non-Guarantor
Subsidiaries
   
Eliminations
   
Media General
Consolidated
 
                               
                               
Station revenue (less agency commissions)
  $ 7,622     $ 93,789     $ -     $ (7,659 )   $ 93,752  
                                         
Operating costs:
                                       
Station production expenses
    -       31,459       -       (1 )     31,458  
Station selling, general, and administrative expenses
    -       29,126       -       (7,621 )     21,505  
Corporate and other expenses
    11,662       285       146       -       12,093  
Depreciation and software amortization
    564       4,969       -       -       5,533  
Amortization of intangible assets
    -       442       -       -       442  
(Gain) loss on disposal of assets, net
    (120 )     338       -       -       218  
Total operating costs
    12,106       66,619       146       (7,622 )     71,249  
                                         
Operating income (loss)
    (4,484 )     27,170       (146 )     (37 )     22,503  
                                         
Other income (expense):
                                       
Interest expense
    (20,203 )     (17 )     -       -       (20,220 )
Debt modification and extinguishment costs
    (17,318 )     -       -       -       (17,318 )
Intercompany interest income (expense)
    21,699       (21,699 )     -       -       -  
Investment income (loss) - consolidated affiliates
    (10,057 )     -       -       10,057       -  
Other, net
    30       10       -       -       40  
Total other income (expense)
    (25,849 )     (21,706 )     -       10,057       (37,498 )
                                         
Income (loss) from continuing operations before income taxes
    (30,333 )     5,464       (146 )     10,020       (14,995 )
                                         
Income tax expense
    -       3,406       -       -       3,406  
                                         
Income (loss) from continuing operations
    (30,333 )     2,058       (146 )     10,020       (18,401 )
Discontinued operations (net of tax):
                                       
Income (loss) from discontinued operations
    -       (1,075 )     -       37       (1,038 )
Loss related to divestiture of discontinued operations
    -       (10,894 )     -       -       (10,894 )
                                         
Net income (loss)
  $ (30,333 )   $ (9,911 )   $ (146 )   $ 10,057     $ (30,333 )
                                         
Comprehensive income (loss)
  $ (30,333 )   $ (9,911 )   $ (146 )   $ 10,057     $ (30,333 )

 Media General, Inc.
 Condensed Consolidating Statements of Operations
 and Comprehensive Loss
 Three Months Ended September 25, 2011
 (In thousands, unaudited)

   
Media General
Corporate
   
Guarantor Subsidiaries
   
Non-Guarantor
Subsidiaries
   
Eliminations
   
Media General
Consolidated
 
                               
                               
Station revenue (less agency commissions)
  $ 5,879     $ 66,324     $ -     $ (6,127 )   $ 66,076  
                                         
Operating costs:
                                       
Station production expenses
    -       27,879       -       (153 )     27,726  
Station selling, general, and administrative expenses
    -       25,435       -       (5,938 )     19,497  
Corporate and other expenses
    6,802       536       (256 )     -       7,082  
Depreciation and software amortization
    711       5,100       -       -       5,811  
Amortization of intangible assets
    -       1,314       -       -       1,314  
(Gain) loss on disposal of assets, net
    (115 )     (22 )     -       -       (137 )
Total operating costs
    7,398       60,242       (256 )     (6,091 )     61,293  
                                         
Operating income (loss)
    (1,519 )     6,082       256       (36 )     4,783  
                                         
Other income (expense):
                                       
Interest expense
    (16,022 )     (12 )     -       -       (16,034 )
Intercompany interest income (expense)
    17,405       (17,405 )     -       -       -  
Investment income (loss) - consolidated affiliates
    (32,691 )     -       -       32,691       -  
Other, net
    287       (68 )     -       -       219  
Total other income (expense)
    (31,021 )     (17,485 )     -       32,691       (15,815 )
                                         
                                         
Income (loss) from continuing operations before income taxes
    (32,540 )     (11,403 )     256       32,655       (11,032 )
                                         
Income tax expense (benefit)
    (2,708 )     3,555       -       -       847  
                                         
Income (loss) from continuing operations
    (29,832 )     (14,958 )     256       32,655       (11,879 )
Discontinued operations (net of tax):
                                       
Income (loss) from discontinued operations
    -       (17,989 )     -       36       (17,953 )
                                         
Net income (loss)
  $ (29,832 )   $ (32,947 )   $ 256     $ 32,691     $ (29,832 )
                                         
Comprehensive income (loss)
  $ (30,662 )   $ (32,947 )   $ 256     $ 32,691     $ (30,662 )

 Condensed Consolidating Statements of Operations
 and Comprehensive Loss
 Nine Months Ended September 23, 2012
 (In thousands, unaudited)

   
Media General
Corporate
   
Guarantor
Subsidiaries
   
Non-Guarantor
Subsidiaries
   
Eliminations
   
Media General
Consolidated
 
                               
                               
Station revenue (less agency commissions)
  $ 23,443     $ 251,559     $ -     $ (23,938 )   $ 251,064  
                                         
Operating costs:
                                       
Station production expenses
    -       92,832       -       (473 )     92,359  
Station selling, general, and administrative expenses
    -       86,959       -       (23,486 )     63,473  
Corporate and other expenses
    29,847       1,646       111       -       31,604  
Depreciation and software amortization
    2,062       15,062       -       -       17,124  
Amorization of intangible assets
    -       2,196       -       -       2,196  
(Gain) loss on disposal of assets, net
    (613 )     581       -       -       (32 )
Total operating costs
    31,296       199,276       111       (23,959 )     206,724  
                                         
Operating income (loss)
    (7,853 )     52,283       (111 )     21       44,340  
                                         
Other income (expense):
                                       
Interest expense
    (56,980 )     (48 )     -       -       (57,028 )
Debt modification and extinguishment costs
    (35,415 )     -       -       -       (35,415 )
Intercompany interest income (expense)
    57,270       (57,270 )     -       -       -  
Investment income (loss) - consolidated affiliates
    (168,572 )     -       -       168,572       -  
Other, net
    497       (45 )     -       -       452  
Total other income (expense)
    (203,200 )     (57,363 )     -       168,572       (91,991 )
                                         
Income (loss) from continuing operations before income taxes
    (211,053 )     (5,080 )     (111 )     168,593       (47,651 )
                                         
Income tax expense
    -       10,223       -       -       10,223  
                                         
Income (loss) from continuing operations
    (211,053 )     (15,303 )     (111 )     168,593       (57,874 )
Discontinued operations (net of tax):
                                       
Income (loss) from discontinued operations
    -       (10,567 )     -       (21 )     (10,588 )
Loss related to divestiture of discontinued operations
    -       (142,591 )     -       -       (142,591 )
                                         
Net income (loss)
  $ (211,053 )   $ (168,461 )   $ (111 )   $ 168,572     $ (211,053 )
                                         
Comprehensive income (loss)
  $ (211,053 )   $ (168,461 )   $ (111 )   $ 168,572     $ (211,053 )

 Media General, Inc.
 Condensed Consolidating Statements of Operations
 and Comprehensive Loss
 Nine Months Ended September 25, 2011
 (In thousands, unaudited)

   
Media General
Corporate
   
Guarantor
Subsidiaries
   
Non-Guarantor
Subsidiaries
   
Eliminations
   
Media General
Consolidated
 
                               
                               
Station revenue (less agency commissions)
  $ 23,098     $ 203,314     $ -     $ (23,682 )   $ 202,730  
                                         
Operating costs:
                                       
Station production expenses
    -       86,578       -       (475 )     86,103  
Station selling, general, and administrative expenses
    -       84,101       -       (23,247 )     60,854  
Corporate and other expenses
    22,904       1,601       (435 )     -       24,070  
Depreciation and software amortization
    1,990       15,409       -       -       17,399  
Amortization of intangible assets
    -       3,940       -       -       3,940  
(Gain) loss on disposal of assets, net
    (289 )     525       -       -       236  
Total operating costs
    24,605       192,154       (435 )     (23,722 )     192,602  
                                         
Operating income (loss)
    (1,507 )     11,160       435       40       10,128  
                                         
Other income (expense):
                                       
Interest expense
    (49,755 )     (32 )     -       -       (49,787 )
Intercompany interest income (expense)
    51,769       (51,769 )     -       -       -  
Investment income (loss) - consolidated affiliates
    (76,944 )     -       -       76,944       -  
Other, net
    756       (68 )     -       -       688  
Total other income (expense)
    (74,174 )     (51,869 )     -       76,944       (49,099 )
                                         
Income (loss) from continuing operations before income taxes
    (75,681 )     (40,709 )     435       76,984       (38,971 )
                                         
Income tax expense (benefit)
    (4,663 )     10,664       -       -       6,001  
                                         
Income (loss) from continuing operations
    (71,018 )     (51,373 )     435       76,984       (44,972 )
Loss from discontinued operations (net of tax)
    -       (26,006 )     -       (40 )     (26,046 )
                                         
Net income (loss)
  $ (71,018 )   $ (77,379 )   $ 435     $ 76,944     $ (71,018 )
                                         
Comprehensive income (loss)
  $ (68,790 )   $ (77,379 )   $ 435     $ 76,944     $ (68,790 )

 Media General, Inc.
 Condensed Consolidating Statements of Cash Flows
 Nine Months Ended September 23, 2012
 (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
  $ (99,462 )   $ 117,937     $ (40 )   $ -     $ 18,435  
                                         
Cash flows from investing activities:
                                       
Capital expenditures
    (1,604 )     (5,659 )     -       -       (7,263 )
Collateral deposit related to letters of credit
    (10,271 )     -       -       -       (10,271 )
Net change in intercompany note receivable
    114,110       -       -       (114,110 )     -  
Proceeds from dispositions
    139,902       -       -       -       139,902  
Other, net
    894       1,092       -       -       1,986  
Net cash (used) provided by investing activities
    243,031       (4,567 )     -       (114,110 )     124,354  
                                         
Cash flows from financing activities:
                                       
Increase in borrowings
    395,500       -       -       -       395,500  
Repayment of borrowings
    (504,261 )     -       -       -       (504,261 )
Net change in intercompany loan
    -       (114,110 )     -       114,110       -  
Debt issuance costs
    (28,772 )     -       -       -       (28,772 )
Other, net
    55       (9 )     40       -       86  
Net cash (used) provided by financing activities
    (137,478 )     (114,119 )     40       114,110       (137,447 )
                                         
Net increase (decrease) in cash and cash equivalents
    6,091       (749 )     -       -       5,342  
Cash and cash equivalents at beginning of year
    21,674       1,434       -       -       23,108  
Cash and cash equivalents at end of period
  $ 27,765     $ 685     $ -     $ -     $ 28,450  

 Media General, Inc.
 Condensed Consolidating Statements of Cash Flows
 Nine Months Ended September 25, 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
  $ (5,342 )   $ (2,370 )   $ 59     $ -     $ (7,653 )
                                         
Cash flows from investing activities:
                                       
Capital expenditures
    (1,735 )     (13,946 )     -       -       (15,681 )
Net change in intercompany note receivable
    (16,742 )     -       -       16,742       -  
Other, net
    74       334       -       -       408  
Net cash (used) provided by investing activities
    (18,403 )     (13,612 )     -       16,742       (15,273 )
                                         
Cash flows from financing activities:
                                       
Increase in borrowings
    88,500       -       -       -       88,500  
Repayment of borrowings
    (87,286 )     -       -       -       (87,286 )
Net change in intercompany loan
    -       16,742       -       (16,742 )     -  
Other, net
    10       -       (59 )     -       (49 )
Net cash (used) provided by financing activities
    1,224       16,742       (59 )     (16,742 )     1,165  
                                         
Net (decrease) increase in cash and cash equivalents
    (22,521 )     760       -       -       (21,761 )
Cash and cash equivalents at beginning of year
    30,893       967       -       -       31,860  
Cash and cash equivalents at end of period
  $ 8,372     $ 1,727     $ -     $ -     $ 10,099