Note 6 - Earnings Per Share

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2014, and 2013.

	Three Months Ended September 30, 2014							Three Months Ended September 30, 2013
	Income			Shares		Per Share		Income		Shares		Per Share
(In thousands, except per share amounts)	(Numerator)			(Denominator)		Amount		(Numerator)		(Denominator)		Amount
Net income attributable to Media General	$	13,395						$	4,477
Undistributed earnings attributable to participating securities		(75	)						-
Basic EPS
Income available to common stockholders	$	13,320			88,535	$	0.15	$	4,477		47,803	$	0.09
Effect of dilutive securities:
stock options and warrants					492						12,390
Diluted EPS
Income available to common stockholders	$	13,320			89,027	$	0.15	$	4,477		60,193	$	0.07

	Nine Months Ended September 30, 2014							Nine Months Ended September 30, 2013
	Income			Shares		Per Share		Income		Shares		Per Share
(In thousands, except per share amounts)	(Numerator)			(Denominator)		Amount		(Numerator)		(Denominator)		Amount
Net income attributable to Media General	$	25,566						$	11,297
Undistributed earnings attributable to participating securities		(165	)						-
Basic EPS
Income available to common stockholders	$	25,401			88,444	$	0.29	$	11,297		47,803	$	0.24
Effect of dilutive securities:
stock options and warrants					499						12,390
Diluted EPS
Income available to common stockholders	$	25,401			88,943	$	0.29	$	11,297		60,193	$	0.19

For the three and nine months ended September 30, 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. In November of 2013, these warrants were converted to shares of no par value voting common stock in connection with the Legacy Media General merger.