Note 6 - Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 6: Earnings Per Share

The following table sets forth the computation of basic and diluted income per share for the three months ended March 31, 2014, and 2013.

	Three Months Ended March 31, 2014							Three Months Ended March 31, 2013
(In thousands, except per share amounts)	Income (Numerator)			Shares (Denominator)		Per Share Amount		Income (Numerator)		Shares (Denominator)		Per Share Amount
Net income attributable to Media General	$	5,385						$	3,114
Undistributed earnings attributable to participating securities		(41	)						-
Basic EPS
Income available to common stockholders	$	5,344			88,324	$	0.06	$	3,114		47,803	$	0.07
Effect of dilutive securities: stock options and warrants					407						12,390
Diluted EPS
Income available to common stockholders	$	5,344			88,731	$	0.06	$	3,114		60,193	$	0.05

For the three months ended March 31, 2013, there were 60,193,351 total outstanding securities consisting of 47,802,816 shares of common stock and 12,390,535 warrants. The warrants were exercisable on a one-for-one basis for shares of common stock, at any point through December 24, 2024. In November of 2013, these warrants were converted to shares of no par value voting common stock in connection with the merger.