Note 11. Guarantor Financial Information (Tables)

6 Months Ended

Jun. 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	$	24,439		$	805		$	-		$	-		$	25,244
Accounts receivable - net		-			60,152			-			-			60,152
Other		3,754			7,425			-			-			11,179
Total current assets		28,193			68,382			-			-			96,575
Investment in and advances to subsidiaries		10,276			1,323,228			-			(1,333,504	)		-
Intercompany note receivable		567,408			-			-			(567,408	)		-
Other assets		28,342			5,425			194			-			33,961
Property, plant and equipment - net		19,158			143,422			-			-			162,580
FCC licenses and other intangibles - net		-			199,372			-			-			199,372
Excess cost over fair value of net identifiable assets of acquired businesses		-			247,149			-			-			247,149
TOTAL ASSETS	$	653,377		$	1,986,978		$	194		$	(1,900,912	)	$	739,637
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	11,772		$	3,211		$	-		$	-		$	14,983
Accrued expenses and other liabilities		35,927			15,069			-			-			50,996
Total current liabilities		47,699			18,280			-			-			65,979
Long-term debt		296,206			4			-			-			296,210
Long-term debt - related party		260,445			-			-			-			260,445
Intercompany loan		-			567,408			-			(567,408	)		-
Retirement, post-retirement and post-employment plans		236,987			-			-			-			236,987
Deferred income taxes		-			65,545			-			-			65,545
Other liabilities and deferred credits		17,171			2,196			1,475			-			20,842
Stockholders' equity (deficit):
Common stock		139,506			2,801			-			(2,801	)		139,506
Additional paid-in capital		24,699			1,731,098			(1,899	)		(1,730,439	)		23,459
Accumulated other comprehensive loss		(217,084	)		-			-			-			(217,084	)
Retained earnings (accumulated deficit)		(152,252	)		(400,354	)		618			399,736			(152,252	)
Total stockholders' equity (deficit)		(205,131	)		1,333,545			(1,281	)		(1,333,504	)		(206,371	)
TOTAL LIABILITIES & STOCKHOLDERS'
EQUITY (DEFICIT)	$	653,377		$	1,986,978		$	194		$	(1,900,912	)	$	739,637

	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)	$	6,941		$	82,020		$	-		$	(6,941	)	$	82,020
Operating costs:
Station production expenses		-			31,412			-			-			31,412
Station selling, general, and administrative expenses		-			30,149			-			(6,941	)		23,208
Corporate and other expenses		8,494			-			590			-			9,084
Depreciation and software amortization		449			5,187			-			-			5,636
Amortization of intangible assets		-			441			-			-			441
Net loss (gain) related to fixed assets		(30	)		141			-			-			111
Merger-related expenses		7,171			-			-			-			7,171
Total operating costs		16,084			67,330			590			(6,941	)		77,063
Operating income (loss)		(9,143	)		14,690			(590	)		-			4,957
Other income (expense):
Interest expense		(9,471	)		(21	)		-			-			(9,492	)
Interest expense - related party		(10,005	)		-			-			-			(10,005	)
Intercompany interest income (expense)		20,395			(20,395	)		-			-			-
Investment income (loss) - consolidated affiliates		(7,963	)		-			-			7,963			-
Other, net		41			(266	)		-			-			(225	)
Total other income (expense)		(7,003	)		(20,682	)		-			7,963			(19,722	)
Income (loss) from continuing operations before income taxes		(16,146	)		(5,992	)		(590	)		7,963			(14,765	)
Income tax expense		-			1,924			-			-			1,924
Income (loss) from continuing operations		(16,146	)		(7,916	)		(590	)		7,963			(16,689	)
Discontinued operations (net of tax):
Loss from discontinued operations		-			543			-			-			543
Net income (loss)	$	(16,146	)	$	(7,373	)	$	(590	)	$	7,963		$	(16,146	)
Comprehensive income (loss)	$	(15,499	)	$	(7,373	)	$	(590	)	$	7,963		$	(15,499	)

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Station revenue (less agency commissions)	$	7,267		$	83,502		$	-		$	(7,671	)	$	83,098
Operating costs:
Station production expenses		-			31,263			-			(413	)		30,850
Station selling, general, and administrative expenses		-			28,664			-			(7,290	)		21,374
Corporate and other expenses		7,176			661			(202	)		-			7,635
Depreciation and software amortization		565			5,076			-			-			5,641
Amortization of intangible assets		-			441			-			-			441
Net loss (gain) related to fixed assets		(422	)		243			-			-			(179	)
Total operating costs		7,319			66,348			(202	)		(7,703	)		65,762
Operating income (loss)		(52	)		17,154			202			32			17,336
Other income (expense):
Interest expense		(16,746	)		(16	)		-			-			(16,762	)
Interest expense - related party		(4,895	)		-			-			-			(4,895	)
Debt modification and extinguishment costs		(7,689	)		-			-			-			(7,689	)
Intercompany interest income (expense)		20,866			(20,866	)		-			-			-
Investment income (loss) - consolidated affiliates		(138,038	)		-			-			138,038			-
Other, net		258			(28	)		-			-			230
Total other income (expense)		(146,244	)		(20,910	)		-			138,038			(29,116	)
Income (loss) from continuing operations before income taxes		(146,296	)		(3,756	)		202			138,070			(11,780	)
Income tax expense		-			3,409			-			-			3,409
Income (loss) from continuing operations		(146,296	)		(7,165	)		202			138,070			(15,189	)
Discontinued operations (net of tax):
Income (loss) from discontinued operations		-			622			-			(32	)		590
Loss related to divestiture of operations		-			(131,697	)		-			-			(131,697	)
Net income (loss)	$	(146,296	)	$	(138,240	)	$	202		$	138,038		$	(146,296	)
Comprehensive income (loss)	$	(146,296	)	$	(138,240	)	$	202		$	138,038		$	(146,296	)

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Station revenue (less agency commissions)	$	11,988		$	155,959		$	-		$	(11,988	)	$	155,959
Operating costs:
Station production expenses		-			63,415			-			-			63,415
Station selling, general, and administrative expenses		-			57,743			-			(11,988	)		45,755
Corporate and other expenses		16,008			-			780			-			16,788
Depreciation and software amortization		881			10,276			-			-			11,157
Amortization of intangible assets		-			882			-			-			882
Net loss (gain) related to fixed assets		(73	)		141			-			-			68
Merger-related expenses		7,171			-			-			-			7,171
Total operating costs		23,987			132,457			780			(11,988	)		145,236
Operating income (loss)		(11,999	)		23,502			(780	)		-			10,723
Other income (expense):
Interest expense		(18,782	)		(39	)		-			-			(18,821	)
Interest expense - related party		(19,918	)		-			-			-			(19,918	)
Intercompany interest income (expense)		41,466			(41,466	)		-			-			-
Investment income (loss) - consolidated affiliates		(24,678	)		-			-			24,678			-
Other, net		70			(244	)		-			-			(174	)
Total other income (expense)		(21,842	)		(41,749	)		-			24,678			(38,913	)
Income (loss) from continuing operations before income taxes		(33,841	)		(18,247	)		(780	)		24,678			(28,190	)
Income tax expense		-			5,208			-			-			5,208
Income (loss) from continuing operations		(33,841	)		(23,455	)		(780	)		24,678			(33,398	)
Discontinued operations (net of tax):
Loss from discontinued operations		-			(413	)		-			-			(413	)
Loss related to divestiture of operations		-			(30	)		-			-			(30	)
Net income (loss)	$	(33,841	)	$	(23,898	)	$	(780	)	$	24,678		$	(33,841	)
Comprehensive income (loss)	$	(31,269	)	$	(23,898	)	$	(780	)	$	24,678		$	(31,269	)

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Station revenue (less agency commissions)	$	15,821		$	157,770		$	-		$	(16,279	)	$	157,312
Operating costs:
Station production expenses		-			61,373			-			(472	)		60,901
Station selling, general, and administrative expenses		-			57,833			-			(15,865	)		41,968
Corporate and other expenses		18,185			1,361			(35	)		-			19,511
Depreciation and software amortization		1,498			10,093			-			-			11,591
Amortization of intangible assets		-			1,754			-			-			1,754
Net loss (gain) related to fixed assets		(493	)		243			-			-			(250	)
Total operating costs		19,190			132,657			(35	)		(16,337	)		135,475
Operating income (loss)		(3,369	)		25,113			35			58			21,837
Other income (expense):
Interest expense		(31,882	)		(31	)		-			-			(31,913	)
Interest expense - related party		(4,895	)		-			-			-			(4,895	)
Debt modification and extinguishment costs		(18,097	)		-			-			-			(18,097	)
Intercompany interest income (expense)		35,571			(35,571	)		-			-			-
Investment income (loss) - consolidated affiliates		(158,515	)		-			-			158,515			-
Other, net		467			(55	)		-			-			412
Total other income (expense)		(177,351	)		(35,657	)		-			158,515			(54,493	)
Income (loss) from continuing operations before income taxes		(180,720	)		(10,544	)		35			158,573			(32,656	)
Income tax expense		-			6,817			-			-			6,817
Income (loss) from continuing operations		(180,720	)		(17,361	)		35			158,573			(39,473	)
Discontinued operations (net of tax):
Loss from discontinued operations		-			(9,492	)		-			(58	)		(9,550	)
Loss related to divestiture of operations		-			(131,697	)		-			-			(131,697	)
Net income (loss)	$	(180,720	)	$	(158,550	)	$	35		$	158,515		$	(180,720	)
Comprehensive income (loss)	$	(180,720	)	$	(158,550	)	$	35		$	158,515		$	(180,720	)

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) provided by operating activities	$	(10,658	)	$	4,462		$	(78	)	$	-		$	(6,274	)
Cash flows from investing activities:
Capital expenditures		(514	)		(6,863	)		-			-			(7,377	)
Collateral deposit related to letters of credit		1,366			-			-			-			1,366
Net change in intercompany note receivable		(2,727	)		-			-			2,727			-
Other, net		(179	)		91			-			-			(88	)
Net cash (used) provided by investing activities		(2,054	)		(6,772	)		-			2,727			(6,099	)
Cash flows from financing activities:
Net change in intercompany loan		-			2,727			-			(2,727	)		-
Other, net		737			-			78			-			815
Net cash provided (used) by financing activities		737			2,727			78			(2,727	)		815
Net (decrease) increase in cash and cash equivalents		(11,975	)		417			-			-			(11,558	)
Cash and cash equivalents at beginning of year		36,414			388			-			-			36,802
Cash and cash equivalents at end of period	$	24,439		$	805		$	-		$	-		$	25,244

	Media General Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Media General Consolidated
Cash flows from operating activities:
Net cash provided (used) by operating activities	$	17,928		$	2,243		$	40		$	-		$	20,211
Cash flows from investing activities:
Capital expenditures		(412	)		(3,841	)		-			-			(4,253	)
Collateral deposit related to letters of credit		(5,441	)		-			-						(5,441	)
Net change in intercompany note receivable		(472	)		-			-			472			-
Other, net		894			942			-			-			1,836
Net cash (used) provided by investing activities		(5,431	)		(2,899	)		-			472			(7,858	)
Cash flows from financing activities:
Increase in borrowings		13,000			-			-			-			13,000
Repayment of borrowings		(377,098	)		-			-			-			(377,098	)
Net change in intercompany loan		-			472			-			(472	)		-
Increase in related party borrowings		382,500			-			-			-			382,500
Repayment of related party borrowings		(10,000	)		-			-			-			(10,000	)
Debt issuance costs		(27,172	)		-			-			-			(27,172	)
Other, net		18			(8	)		(40	)		-			(30	)
Net cash (used) provided by financing activities		(18,752	)		464			(40	)		(472	)		(18,800	)
Net decrease in cash and cash equivalents		(6,255	)		(192	)		-			-			(6,447	)
Cash and cash equivalents at beginning of year		21,674			1,434			-			-			23,108
Cash and cash equivalents at end of period	$	15,419		$	1,242		$	-		$	-		$	16,661