Note 11 - Guarantor Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Condensed Balance Sheet [Table Text Block]

	Media General			Guarantor			Non-Guarantor						Media General
	Corporate			Subsidiaries			Subsidiaries			Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	36,414		$	388		$	-		$	-		$	36,802
Accounts receivable - net		-			58,486			-			-			58,486
Other		6,562			11,931			-			-			18,493
Assets of discontinued operations		-			670			-			-			670
Total current assets		42,976			71,475			-			-			114,451
Investment in and advances to subsidiaries		14,281			1,346,705			-			(1,360,986	)		-
Intercompany note receivable		564,681			-			-			(564,681	)		-
Other assets		38,469			6,795			198			-			45,462
Property, plant and equipment - net		19,647			146,458			-			-			166,105
FCC licenses and other intangibles - net		-			200,254			-			-			200,254
Excess of cost over fair value of net identifiable assets of acquired businesses		-			247,149			-			-			247,149
TOTAL ASSETS	$	680,054		$	2,018,836		$	198		$	(1,925,667	)	$	773,421
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	7,488		$	4,181		$	-		$	-		$	11,669
Accrued expenses and other liabilities		36,155			28,207			-			-			64,362
Liabilities of discontinued operations		-			467			-			-			467
Total current liabilities		43,643			32,855			-			-			76,498
Long-term debt		295,714			7			-			-			295,721
Long-term debt - related party		257,466			-			-			-			257,466
Intercompany loan		-			564,681			-			(564,681	)		-
Retirement, postretirement and postemployment plans		242,309			-			-			-			242,309
Deferred income taxes		-			58,865			-			-			58,865
Other liabilities and deferred credits		15,567			2,442			777			-			18,786
Stockholders' equity (deficit):
Common stock		138,819			2,801			-			(2,801	)		138,819
Additional paid-in capital		24,603			1,733,641			(1,977	)		(1,733,243	)		23,024
Accumulated other comprehensive loss		(219,656	)		-			-			-			(219,656	)
Retained earnings (accumulated deficit)		(118,411	)		(376,456	)		1,398			375,058			(118,411	)
Total stockholders' equity (deficit)		(174,645	)		1,359,986			(579	)		(1,360,986	)		(176,224	)
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	$	680,054		$	2,018,836		$	198		$	(1,925,667	)	$	773,421

	Media General			Guarantor			Non-Guarantor						Media General
	Corporate			Subsidiaries			Subsidiaries			Eliminations			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		-			331,784			-			-			331,784
Total current assets		25,372			405,531			-			-			430,903
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			151,008			-			-			176,821
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, postretirement and postemployment 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			Guarantor			Non-Guarantor						Media General
	Corporate			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Station revenue (less agency commissions)	$	28,662		$	359,880		$	-		$	(28,820	)	$	359,722
Operating costs:
Station production expenses		-			126,118			-			(122	)		125,996
Station, selling, general, and administrative expenses		-			116,942			-			(28,707	)		88,235
Corporate and other expenses		29,828			1,871			6			-			31,705
Depreciation and software amortization		2,547			19,875			-			-			22,422
Amortization of intangible assets		-			2,637			-			-			2,637
Loss (gain) related to fixed assets, net		1,374			688			-			-			2,062
Total operating costs		33,749			268,131			6			(28,829	)		273,057
Operating income (loss)		(5,087	)		91,749			(6	)		9			86,665
Other income (expense):
Interest expense		(51,501	)		(65	)		-			-			(51,566	)
Interest expense - related party		(26,468	)		-			-			-			(26,468	)
Debt modification and extinguishment costs		(35,415	)		-			-			-			(35,415	)
Intercompany interest income (expense)		77,348			(77,348	)		-			-			-
Investment income (loss) - consolidated affiliates		(152,809	)		-			-			152,809			-
Other, net		515			(57	)		-			-			458
Total other income (expense)		(188,330	)		(77,470	)		-			152,809			(112,991	)
Income (loss) from continuing operations before
income taxes		(193,417	)		14,279			(6	)		152,818			(26,326	)
Income tax expense		-			13,631			-			-			13,631
Income (loss) from continuing operations		(193,417	)		648			(6	)		152,818			(39,957	)
Discontinued operations (net of tax):
Loss from discontinued operations		-			(11,261	)		-			(9	)		(11,270	)
Loss related to divesture of discontinued operations		-			(142,190	)		-			-			(142,190	)
Net income (loss)	$	(193,417	)	$	(152,803	)	$	(6	)	$	152,809		$	(193,417	)
Other comprehensive loss (net of tax)		(34,540	)		-			-			-			(34,540	)
Comprehensive income (loss)	$	(227,957	)	$	(152,803	)	$	(6	)	$	152,809		$	(227,957	)

	Media General			Guarantor			Non-Guarantor						Media General
	Corporate			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Station revenue (less agency commissions)	$	30,669		$	280,830		$	-		$	(30,888	)	$	280,611
Operating costs:
Station production expenses		-			111,614			-			(28	)		111,586
Station, selling, general, and administrative expenses		-			111,332			-			(30,860	)		80,472
Corporate and other expenses		31,467			2,297			(113	)		-			33,651
Depreciation and software amortization		2,598			20,431			-			-			23,029
Amortization of intangible assets		-			5,253			-			-			5,253
Loss (gain) related to fixed assets, net		(342	)		555			-			-			213
Total operating costs		33,723			251,482			(113	)		(30,888	)		254,204
Operating income (loss)		(3,054	)		29,348			113			-			26,407
Other income (expense):
Interest expense		(64,358	)		(45	)		-			-			(64,403	)
Intercompany interest income (expense)		66,459			(66,459	)		-			-			-
Investment income (loss) - consolidated affiliates		(76,757	)		-			-			76,757			-
Other, net		1,388			(107	)		-			-			1,281
Total other income (expense)		(73,268	)		(66,611	)		-			76,757			(63,122	)
Income (loss) from continuing operations before
income taxes		(76,322	)		(37,263	)		113			76,757			(36,715	)
Income tax expense (benefit)		(2,000	)		14,218			-			-			12,218
Income (loss) from continuing operations		(74,322	)		(51,481	)		113			76,757			(48,933	)
Discontinued operations (net of tax):
Loss from discontinued operations		-			(25,389	)		-			-			(25,389	)
Net income (loss)	$	(74,322	)	$	(76,870	)	$	113		$	76,757		$	(74,322	)
Other comprehensive loss (net of tax)		(58,317	)		-			-			-			(58,317	)
Comprehensive income (loss)	$	(132,639	)	$	(76,870	)	$	113		$	76,757		$	(132,639	)

	Media General			Guarantor			Non-Guarantor						Media General
	Corporate			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Station revenue (less agency commissions)	$	32,356		$	409,603		$	-		$	(137,161	)	$	304,798
Operating costs:
Station production expenses		-			118,354			-			(312	)		118,042
Station, selling, general, and administrative expenses		-			217,982			-			(136,860	)		81,122
Corporate and other expenses		33,395			2,412			(233	)		-			35,574
Depreciation and software amortization		2,255			20,985			-			-			23,240
Amortization of intangible assets		-			5,253			-			-			5,253
Loss (gain) related to fixed assets, net		(442	)		453			-			-			11
Total operating costs		35,208			365,439			(233	)		(137,172	)		263,242
Operating income (loss)		(2,852	)		44,164			233			11			41,556
Other income (expense):
Interest expense		(65,570	)		(27	)		-			-			(65,597	)
Debt modification and extinguishment costs		(5,450	)		-			-			-			(5,450	)
Intercompany interest income (expense)		54,659			(54,659	)		-			-			-
Investment income (loss) - consolidated affiliates		(7,071	)		-			-			7,071			-
Other, net		1,023			(34	)		-			-			989
Total other income (expense)		(22,409	)		(54,720	)		-			7,071			(70,058	)
Income (loss) from continuing operations before
income taxes		(25,261	)		(10,556	)		233			7,082			(28,502	)
Income tax expense (benefit)		(1,667	)		11,710			-			-			10,043
Income (loss) from continuing operations		(23,594	)		(22,266	)		233			7,082			(38,545	)
Discontinued operations (net of tax):
Loss from discontinued operations		956			14,965			-			(14	)		15,907
Net income (loss)	$	(22,638	)	$	(7,301	)	$	233		$	7,068		$	(22,638	)
Other comprehensive loss (net of tax)		(9,096	)		-			-			-			(9,096	)
Comprehensive income (loss)	$	(31,734	)	$	(7,301	)	$	233		$	7,068		$	(31,734	)

Schedule of Condensed Cash Flow Statement [Table Text Block]

	Media General			Guarantor			Non-Guarantor						Media General
	Corporate			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash (used) provided by operating activities	$	(90,932	)	$	127,338		$	(17	)	$	-		$	36,389
Cash flows from investing activities:
Capital expenditures		(1,393	)		(16,493	)		-			-			(17,886	)
Collateral deposit related to letters of credit		(4,830	)		-			-			-			(4,830	)
Net proceeds from sales of discontinued operations		135,642			-			-			-			135,642
Net change in intercompany note receivable		112,788			-			-			(112,788	)		-
Other, net		894			906			-			-			1,800
Net cash provided (used) by investing activities		243,101			(15,587	)		-			(112,788	)		114,726
Cash flows from financing activities:
Increase in borrowings		13,000			-			-			-			13,000
Repayment of borrowings		(377,298	)		-			-			-			(377,298	)
Increase in related party borrowings		382,500			-			-			-			382,500
Repayment of related party borrowings		(126,963	)		-			-			-			(126,963	)
Debt issuance costs		(28,868	)		-			-			-			(28,868	)
Net change in intercompany loan		-			(112,788	)		-			112,788			-
Other, net		200			(9	)		17			-			208
Net cash provided (used) by financing activities		(137,429	)		(112,797	)		17			112,788			(137,421	)
Net increase (decrease) in cash and cash equivalents		14,740			(1,046	)		-			-			13,694
Cash and cash equivalents at beginning of year		21,674			1,434			-			-			23,108
Cash and cash equivalents at end of period	$	36,414		$	388		$	-		$	-		$	36,802

	Media General			Guarantor			Non-Guarantor						Media General
	Corporate			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	3,402		$	13,173		$	88		$	-		$	16,663
Cash flows from investing activities:
Capital expenditures		(1,772	)		(17,281	)		-			-			(19,053	)
Net change in intercompany note receivable		(4,204	)		-			-			4,204			-
Other, net		74			374			-			-			448
Net cash (used) provided by investing activities		(5,902	)		(16,907	)		-			4,204			(18,605	)
Cash flows from financing activities:
Increase in borrowings		112,500			-			-			-			112,500
Repayment of borrowings		(118,786	)		-			-			-			(118,786	)
Net change in intercompany loan		-			4,204			-			(4,204	)		-
Other, net		(433	)		(3	)		(88	)		-			(524	)
Net cash (used) provided by financing activities		(6,719	)		4,201			(88	)		(4,204	)		(6,810	)
Net (decrease) increase in cash and cash equivalents		(9,219	)		467			-			-			(8,752	)
Cash and cash equivalents at beginning of year		30,893			967			-			-			31,860
Cash and cash equivalents at end of period	$	21,674		$	1,434		$	-		$	-		$	23,108

	Media General			Guarantor			Non-Guarantor						Media General
	Corporate			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash (used) provided by operating activities	$	(7,063	)	$	92,782		$	(13	)	$	-		$	85,706
Cash flows from investing activities:
Capital expenditures		(1,489	)		(24,993	)		-			-			(26,482	)
Net change in intercompany note receivable		68,954			-			-			(68,954	)		-
Other, net		73			619			-			-			692
Net cash provided (used) by investing activities		67,538			(24,374	)		-			(68,954	)		(25,790	)
Cash flows from financing activities:
Increase in borrowings		134,156			-			-			-			134,156
Repayment of borrowings		(476,625	)		(28	)		-			-			(476,653	)
Proceeds from issuance of senior notes		293,070			-			-			-			293,070
Debt issuance costs		(12,078	)		-			-			-			(12,078	)
Net change in intercompany loan		-			(68,954	)		-			68,954			-
Other, net		204			-			13			-			217
Net cash (used) provided by financing activities		(61,273	)		(68,982	)		13			68,954			(61,288	)
Net decrease in cash and cash equivalents		(798	)		(574	)		-			-			(1,372	)
Cash and cash equivalents at beginning of year		31,691			1,541			-			-			33,232
Cash and cash equivalents at end of period	$	30,893		$	967		$	-		$	-		$	31,860