Note 6 - Earnings Per Share

6 Months Ended

Jun. 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 six months ended June 30, 2014, and 2013.

	Three Months Ended June 30, 2014							Three Months Ended June 30, 2013
(In thousands, except	Income			Shares		Per Share		Income		Shares		Per Share
per share amounts)	(Numerator)			(Denominator)		Amount		(Numerator)		(Denominator)		Amount
Net income attributable to Media General	$	6,786						$	3,706
Undistributed earnings attributable to participating securities		(43	)						-
Basic EPS
Income available to common stockholders	$	6,743			88,473	$	0.08	$	3,706		47,803	$	0.08
Effect of dilutive securities: stock options and warrants					519						12,390
Diluted EPS
Income available to common stockholders	$	6,743			88,992	$	0.08	$	3,706		60,193	$	0.06

	Six Months Ended June 30, 2014							Six Months Ended June 30, 2013
(In thousands, except	Income			Shares		Per Share		Income		Shares		Per Share
per share amounts)	(Numerator)			(Denominator)		Amount		(Numerator)		(Denominator)		Amount
Net income attributable to Media General	$	12,171						$	6,820
Undistributed earnings attributable to participating securities		(84	)						-
Basic EPS
Income available to common stockholders	$	12,087			88,399	$	0.14	$	6,820		47,803	$	0.14
Effect of dilutive securities: stock options and warrants					512						12,390
Diluted EPS
Income available to common stockholders	$	12,087			88,911	$	0.14	$	6,820		60,193	$	0.11

For the three and six months ended June 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.