Note 11. Guarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2013

Disclosure Text Block Supplement [Abstract]

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	$	15,084		$	331		$	-		$	-		$	15,415
Accounts receivable - net		-			58,667			-			-			58,667
Other		4,026			14,772			-			-			18,798
Total current assets		19,110			73,770			-			-			92,880
Investment in and advances to subsidiaries		(18,960	)		1,340,699			-			(1,321,739	)		-
Intercompany note receivable		588,739			-			-			(588,739	)		-
Other assets		44,725			5,602			236			-			50,563
Property, plant and equipment - net		19,088			141,265			-			-			160,353
FCC licenses and other intangibles - net		-			198,931			-			-			198,931
Excess cost over fair value of net identifiable assets of acquired businesses		-			247,149			-			-			247,149
TOTAL ASSETS	$	652,702		$	2,007,416		$	236		$	(1,910,478	)	$	749,876
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	8,531		$	3,389		$	-		$	-		$	11,920
Accrued expenses and other liabilities		21,390			22,810			-			-			44,200
Total current liabilities		29,921			26,199			-			-			56,120
Long-term debt		296,454			5			-			-			296,459
Long-term debt - related party		291,934			-			-			-			291,934
Intercompany loan		-			588,739			-			(588,739	)		-
Retirement, post-retirement and post-employment plans		232,650			-			-			-			232,650
Deferred income taxes		-			68,091			-			-			68,091
Other liabilities and deferred credits		18,383			2,747			681			-			21,811
Stockholders' equity (deficit):
Common stock		140,769			2,801			-			(2,801	)		140,769
Additional paid-in capital		25,343			1,731,100			(965	)		(1,730,684	)		24,794
Accumulated other comprehensive loss		(215,884	)		-			-			-			(215,884	)
Retained earnings (accumulated deficit)		(166,868	)		(412,266	)		520			411,746			(166,868	)
Total stockholders' equity (deficit)		(216,640	)		1,321,635			(445	)		(1,321,739	)		(217,189	)
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	$	652,702		$	2,007,416		$	236		$	(1,910,478	)	$	749,876

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General 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, post-retirement and post-employment 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

Condensed Income Statement [Table Text Block]

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Station revenue (less agency commissions)	$	6,414		$	78,489		$	-		$	(6,414	)	$	78,489
Operating costs:
Station production expenses		-			31,973			-			-			31,973
Station selling, general, and administrative expenses		-			29,714			-			(6,414	)		23,300
Corporate and other expenses		7,735			-			98			-			7,833
Depreciation and software amortization		450			5,066			-			-			5,516
Amortization of intangible assets		-			441			-			-			441
Net loss (gain) related to fixed assets		(22	)		32			-			-			10
Merger-related expenses		1,218			-			-			-			1,218
Total operating costs		9,381			67,226			98			(6,414	)		70,291
Operating income (loss)		(2,967	)		11,263			(98	)		-			8,198
Other income (expense):
Interest expense		(9,939	)		(21	)		-			-			(9,960	)
Interest expense - related party		(10,379	)		-			-			-			(10,379	)
Intercompany interest income (expense)		20,637			(20,637	)		-			-			-
Investment income (loss) - consolidated affiliates		(12,010	)		-			-			12,010			-
Other, net		42			-			-			-			42
Total other income (expense)		(11,649	)		(20,658	)		-			12,010			(20,297	)
Income (loss) before income taxes		(14,616	)		(9,395	)		(98	)		12,010			(12,099	)
Income tax expense		-			2,517			-			-			2,517
Net income (loss)	$	(14,616	)	$	(11,912	)	$	(98	)	$	12,010		$	(14,616	)
Comprehensive income (loss)	$	(13,416	)	$	(11,912	)	$	(98	)	$	12,010		$	(13,416	)

	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		(9,480	)		(17	)		-			-			(9,497	)
Interest expense - related party		(10,723	)		-			-			-			(10,723	)
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 Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Station revenue (less agency commissions)	$	18,402		$	234,448		$	-		$	(18,402	)	$	234,448
Operating costs:
Station production expenses		-			95,388			-			-			95,388
Station selling, general, and administrative expenses		-			87,457			-			(18,402	)		69,055
Corporate and other expenses		23,743			-			878			-			24,621
Depreciation and software amortization		1,331			15,342			-			-			16,673
Amortization of intangible assets		-			1,323			-			-			1,323
Net loss (gain) related to fixed assets		(95	)		173			-			-			78
Merger-related expenses		8,389			-			-			-			8,389
Total operating costs		33,368			199,683			878			(18,402	)		215,527
Operating income (loss)		(14,966	)		34,765			(878	)		-			18,921
Other income (expense):
Interest expense		(28,721	)		(60	)		-			-			(28,781	)
Interest expense - related party		(30,297	)		-			-			-			(30,297	)
Intercompany interest income (expense)		62,103			(62,103	)		-			-			-
Investment income (loss) - consolidated affiliates		(36,688	)		-			-			36,688			-
Other, net		112			(244	)		-			-			(132	)
Total other income (expense)		(33,491	)		(62,407	)		-			36,688			(59,210	)
Income (loss) from continuing operations before income taxes		(48,457	)		(27,642	)		(878	)		36,688			(40,289	)
Income tax expense		-			7,725			-			-			7,725
Income (loss) from continuing operations		(48,457	)		(35,367	)		(878	)		36,688			(48,014	)
Discontinued operations (net of tax):
Loss from discontinued operations		-			(413	)		-			-			(413	)
Loss related to divestiture of operations		-			(30	)		-			-			(30	)
Net income (loss)	$	(48,457	)	$	(35,810	)	$	(878	)	$	36,688		$	(48,457	)
Comprehensive income (loss)	$	(44,685	)	$	(35,810	)	$	(878	)	$	36,688		$	(44,685	)

	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		(41,362	)		(48	)		-			-			(41,410	)
Interest expense - related party		(15,618	)		-			-			-			(15,618	)
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):
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	)

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 used by operating activities	$	(13,579	)	$	(13,233	)	$	(1,011	)	$	-		$	(27,823	)
Cash flows from investing activities:
Capital expenditures		(795	)		(10,993	)		-			-			(11,788	)
Collateral refund related to letters of credit		1,366			-			-			-			1,366
Net change in intercompany note receivable		(24,058	)		-			-			24,058			-
Other, net		(181	)		113			-			-			(68	)
Net cash (used) provided by investing activities		(23,668	)		(10,880	)		-			24,058			(10,490	)
Cash flows from financing activities:
Increase in related party borrowings		40,000			-			-			-			40,000
Repayment of related party borrrowings		(10,000	)		-			-			-			(10,000	)
Debt issuance costs		(16,243	)		-			-			-			(16,243	)
Net change in intercompany loan		-			24,058			-			(24,058	)		-
Other, net		2,160			(2	)		1,011			-			3,169
Net cash provided (used) by financing activities		15,917			24,056			1,011			(24,058	)		16,926
Net decrease in cash and cash equivalents		(21,330	)		(57	)		-			-			(21,387	)
Cash and cash equivalents at beginning of year		36,414			388			-			-			36,802
Cash and cash equivalents at end of period	$	15,084		$	331		$	-		$	-		$	15,415

	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		13,000			-			-			-			13,000
Increase in related party borrowings		382,500			-			-			-			382,500
Repayment of borrowings		(377,298	)		-			-			-			(377,298	)
Repayment of related party borrowings		(126,963	)		-			-			-			(126,963	)
Debt issuance costs		(28,772	)		-			-			-			(28,772	)
Net change in intercompany loan		-			(114,110	)		-			114,110			-
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