UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A-1
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE
ACT OF 1934
For the fiscal year ended December 26, 1999
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period to
Commission File No. 1-6383
MEDIA GENERAL, INC.
(Exact name of registrant as specified in its charter)
<PAGE>
The registrant hereby amends the following items, financial statements,
exhibits or other portions of its 1999 Annual Report on Form 10-K as set forth
in the pages attached hereto:
Exhibits:
Amended index to exhibits to the Media General, Inc., 1999 Annual
Report on Form 10-K.
Exhibit 99.1 Annual Report of the Thrift Plan Plus For Employees of
Media General, Inc., on Form 11-K for the year ended December 31, 1999.
<PAGE>
Index to Exhibits
Exhibit
Number Description
2.1 Agreement and Plan of Merger dated July 19, 1996, by and among
Media General, Inc., MG Acquisitions, Inc., and Park
Acquisitions, Inc., incorporated by reference to Exhibit 2.1
of Form 8-K dated January 7, 1997.
2.2 First Amendment to Agreement and Plan of Merger dated as of
January 7, 1997, by and among Media General, Inc., MG
Acquisitions, Inc., and Park Acquisitions, Inc., incorporated
by reference to Exhibit 2.2 of Form 8-K dated January 7, 1997.
3(i) The Amended and Restated Articles of Incorporation of Media
General, Inc., incorporated by reference to Exhibit 3.1 of
Form 10-K for the fiscal year ended December 31, 1989.
3(ii) Bylaws of Media General, Inc., amended and restated as of July
31, 1997, incorporated by reference to Exhibit 3 (ii) of Form
10-Q for the period ended September 28, 1997.
10.1 Form of Option granted under the 1976 Non-Qualified Stock
Option Plan, incorporated by reference to Exhibit 2.2 of
Registration Statement 2-56905.
10.2 Additional Form of Option to be granted under the 1976
Non-Qualified Stock Option Plan, incorporated by reference to
Exhibit 2 to Post-Effective Amendment No. 3 Registration
Statement 2-56905.
10.3 Addendum dated January 1984, to Form of Option granted under
the 1976 Non-Qualified Stock Option Plan, incorporated by
reference to Exhibit 10.13 of Form 10-K for the fiscal year
ended December 31, 1983.
10.4 Addendum dated June 19, 1992, to Form of Option granted under
the 1976 Non-Qualified Stock Option Plan, incorporated by
reference to Exhibit 10.15 of Form 10-K for the fiscal year
ended December 27, 1992.
10.5 The Media General, Inc., Amended and Restated Restricted Stock
Plan, dated January 31, 1996, incorporated by reference to
Exhibit 10.10 of Form 10-K for the fiscal year ended December
31, 1995.
10.6 Addendum dated June 19, 1992, to Form of Option granted under
the 1987 Non-Qualified Stock Option Plan, incorporated by
reference to Exhibit 10.20 of Form 10-K for the fiscal year
ended December 27, 1992.
<PAGE>
10.7 Media General, Inc., Executive Death Benefit Plan effective
January 1, 1991, incorporated by reference to Exhibit 10.17 of
Form 10-K for the fiscal year ended December 29, 1991.
10.8 Amendment to the Media General, Inc., Executive Death Benefit
Plan dated July 24, 1991, incorporated by reference to Exhibit
10.18 of Form 10-K for the fiscal year ended December 29,
1991.
10.9 Shareholders Agreement, dated May 28, 1987, between Mary
Tennant Bryan, Florence Bryan Wisner, J. Stewart Bryan III,
and D. Tennant Bryan and J. Stewart Bryan III as trustees
under D. Tennant Bryan Media Trust, and Media General, Inc.,
incorporated by reference to Exhibit 10.50 of Form 10-K for
the fiscal year ended December 31, 1987.
10.10 Media General, Inc., Supplemental Thrift Plan, amended and
restated as of November 17, 1994, incorporated by reference to
Exhibit 10.27 of Form 10-K for the fiscal year ended December
25, 1994.
10.11 Media General, Inc., Executive Supplemental Retirement Plan,
amended, and restated as of April 23, 1999, incorporated by
reference to Exhibit 10 of Form 10-Q for the period ended June
27, 1999.
10.12 Deferred Income Plan for Selected Key Executives of Media
General, Inc., and form of Deferred Compensation Agreement
thereunder dated as of December 1, 1984, incorporated by
reference to Exhibit 10.29 of Form 10-K for the fiscal year
ended December 31, 1989.
10.13 Media General, Inc., Management Performance Award Program,
adopted November 16, 1990, and effective January 1, 1991,
incorporated by reference to Exhibit 10.35 of Form 10-K for
the fiscal year ended December 29, 1991.
10.14 Media General, Inc., Deferred Compensation Plan, amended and
restated as of January 1, 1999, incorporated by reference to
Exhibit 4.3 of Registration Statement 333-69527.
10.15 Media General, Inc., ERISA Excess Benefits Plan, amended and
restated as of November 17, 1994, incorporated by reference to
Exhibit 10.33 of Form 10-K for the fiscal year ended December
25, 1994.
10.16 Media General, Inc., 1995 Long-Term Incentive Plan, adopted as
of May 19, 1995, incorporated by reference to Exhibit 10.33 of
Form 10-K for the fiscal year ended December 31, 1995.
<PAGE>
10.17 Media General, Inc., 1996 Employee Non-Qualified Stock Option
Plan, adopted as of January 30, 1996, incorporated by
reference to Exhibit 10.20 of Form 10-K for the fiscal year
ended December 29, 1996.
10.18 Media General, Inc., 1997 Employee Restricted Stock Plan,
adopted as of May 16, 1997, incorporated by reference to
Exhibit 10.21 of Form 10-K for the fiscal year ended December
29, 1996.
10.19 Media General, Inc., Directors' Deferred Compensation Plan,
adopted as of May 16, 1997, incorporated by reference to
Exhibit 10.22 of Form 10-K for the fiscal year ended December
29, 1996.
10.20 Amended and Restated Partnership Agreement, dated November 1,
1987, by and among Virginia Paper Manufacturing Corp., KR
Newsprint Company, Inc., and CEI Newsprint, Inc., incorporated
by reference to Exhibit 10.31 of Form 10-K for the fiscal year
ended December 31, 1987.
10.21 Amended and Restated License Agreement, dated November 1,
1987, by and among Media General, Inc., Garden State Paper
Company, Inc., and Southeast Paper Manufacturing Co.,
incorporated by reference to Exhibit 10.34 of Form 10-K for
the fiscal year ended December 31, 1987.
10.22 Amended and Restated Umbrella Agreement, dated November 1,
1987, by and among Media General, Inc., Knight - Ridder, Inc.,
and Cox Enterprises, Inc., incorporated by reference to
Exhibit 10.32 of Form 10-K for the fiscal year ended December
31, 1987.
10.23 Amended Newsprint Purchase Contract, dated November 1, 1987,
by and among Southeast Paper Manufacturing Co., Media General,
Inc., Knight-Ridder, Inc., and Cox Enterprises, Inc.,
incorporated by reference to Exhibit 10.35 of Form 10-K for
the fiscal year ended December 31, 1987.
10.24 Television affiliation agreement, dated February 10, 1995,
between WFLA-TV and the NBC Television Network incorporated by
reference to Exhibit 10.38 of Form 10-K for the fiscal year
ended December 25, 1994.
10.25 Amendments, dated May 17, 1993, to television affiliations
agreement, between WFLA-TV and National Broadcasting Company,
Inc., dated March 22, 1989, incorporated by reference to
Exhibit 10.47 of Form 10-K for the fiscal year ended December
26, 1993.
10.26 Second Amended and Restated Stock and Warrant Purchase and
Shareholders' Agreement dated May 20, 1994, by and among Media
General, Inc., Affiliated Newspapers Investments, Inc., and
Denver Newspapers, Inc., incorporated by reference to Exhibit
2 of Form 8-K dated September 28, 1994.
<PAGE>
10.27 Asset Purchase Agreement dated February 13, 1997, by and among
Media General Newspapers, Inc., and Newspaper Holdings, Inc.,
incorporated by reference to Exhibit 10.36 of Form 10-K dated
March 27, 1997.
10.28 Credit Agreement, dated December 4, 1996, among Media General,
Inc., and various lenders, incorporated by reference to
Exhibit 10.30 of Form 10-K dated December 27, 1998.
13 Media General, Inc., Annual Report to Stockholders for the
fiscal year ended December 26, 1999.
21 List of subsidiaries of the registrant.
23 Consent of Ernst & Young LLP, independent auditors.
27.1 1999 Financial Data Schedule.
27.2 1998 Restated Financial Data Schedule.
27.3 1997 Restated Financial Data Schedule.
99.1 Annual Report of the Thrift Plan Plus for Employees of Media
General, Inc., on Form 11-K for the year ended December 31,
1999.
Note: Exhibits 10.1 - 10.19 are management contracts or
compensatory plans, contracts or arrangements.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.
MEDIA GENERAL, INC.
------------------------------------
(Registrant)
By: /s/ Marshall N. Morton
--------------------------------
Marshall N. Morton
Senior Vice President and
Chief Financial Officer
Date: June 27, 2000
<PAGE>
Exhibit 99.1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
---------------------------------------------------------------------
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS
AND SIMILAR PLANS PURSUANT TO SECTION 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One):
[X] ANNUAL REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1999
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from_______________to_______________
Commission file number V-1799
A. Full title of the plan and the address of the plan, if
different from that of the issuer named below:
THRIFT PLAN PLUS FOR EMPLOYEES OF
MEDIA GENERAL, INC.
B. Name of the issuer of the securities held pursuant to the plan
and the address of its principal executive office:
MEDIA GENERAL, INC.
333 East Franklin Street
Richmond, Virginia 23219
<PAGE>
Financial Statements
And Supplemental Schedule
Thrift Plan Plus
For Employees of Media General, Inc.
Years ended December 31, 1999, and 1998,
with Report of Independent Auditors
<PAGE>
Thrift Plan Plus
For Employees of Media General, Inc.
Financial Statements
and Supplemental Schedule
Years ended December 31, 1999, and 1998
Table of Contents
Report of Independent Auditors........................................1
Financial Statements
Statements of Net Assets Available for Plan Benefits..................2
Statements of Changes in Net Assets Available for Plan Benefits.......3
Notes to Financial Statements.......................................4-8
Supplemental Schedule Schedule
--------
Schedule of Assets Held for Investment Purposes at End of Year,
December 31, 1999................................................A
<PAGE>
Report of Independent Auditors
Administrator
Thrift Plan Plus for Employees of Media General, Inc.
We have audited the accompanying statements of net assets available for plan
benefits of the Thrift Plan Plus For Employees of Media General, Inc., (the
Plan) as of December 31, 1999 and 1998, and the related statements of changes in
net assets available for plan benefits for the years then ended. These financial
statements are the responsibility of the Plan's management. Our responsibility
is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted
in the United States. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our
opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the Plan at
December 31, 1999 and 1998, and the changes in its net assets available for plan
benefits for the years then ended, in conformity with accounting principles
generally accepted in the United States.
Our audits were performed for the purpose of forming an opinion on the financial
statements taken as a whole. The accompanying supplemental schedule of assets
held for investment purposes at end of year as of December 31, 1999, is
presented for purposes of additional analysis and is not a required part of the
financial statements but is supplementary information required by the Department
of Labor's Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974. This supplemental schedule is the
responsibility of the Plan's management. The supplemental schedule has been
subjected to the auditing procedures applied in our audits of the financial
statements and, in our opinion, is fairly stated in all material respects in
relation to the financial statements taken as a whole.
/s/ERNST AND YOUNG LLP
June 22, 2000
Richmond, Virginia
1
<PAGE>
<TABLE>
Thrift Plan Plus
For Employees of Media General, Inc.
Statements of Net Assets Available for Plan Benefits
<CAPTION>
December 31,
1999 1998
-------------------------------------
<S> <C> <C>
Assets
Investments $204,281,385 $206,511,223
Receivables:
Dividends and interest receivable 78,788 74,578
Contributions receivable 1,550,017 1,562,904
Other receivables 263,465 262,163
------------ ------------
Total receivables 1,892,270 1,899,645
------------ ------------
Total Assets 206,173,655 208,410,868
------------ ------------
Liabilities
Contribution refunds payable --- 181,327
------------ ------------
Net assets available for plan benefits $206,173,655 $208,229,541
============ ============
</TABLE>
See accompanying notes.
2
<PAGE>
<TABLE>
Thrift Plan Plus
For Employees of Media General, Inc.
Statements of Changes in Net Assets Available for Plan Benefits
<CAPTION>
Years Ended December 31,
1999 1998
-------------------------------------
<S> <C> <C>
Investment income:
Dividends $ 1,522,213 $ 1,478,651
Interest 1,710,127 1,736,707
------------ ------------
3,232,340 3,215,358
------------ ------------
Net appreciation in fair value of assets 6,786,341 37,196,110
Contributions:
Employer 4,937,822 5,018,370
Participants 12,034,877 10,140,901
------------ ------------
16,972,699 15,159,271
------------ ------------
Distributions to withdrawing participants (31,001,153) (20,411,631)
Merger of assets from Register Publishing
Company, Inc. Incentive Savings Plan 1,953,887 ---
------------ ------------
Net (decrease) increase in net assets
available for plan benefits (2,055,886) 35,159,108
Net assets available for plan benefits
at December 31, 1998 208,229,541 173,070,433
------------ ------------
Net assets available for plan benefits
at December 31, 1999 $206,173,655 $208,229,541
============ ============
</TABLE>
See accompanying notes.
3
<PAGE>
Thrift Plan Plus
For Employees of Media General, Inc.
Notes to Financial Statements
December 31, 1999
1. General
Effective January 1, 1999, the Register Publishing Company, Inc. Incentive
Savings Plan merged with the Media General Thrift Plan Plus for Employees of
Media General, Inc. (the Plan). Net assets totaling $1,953,887 were added to the
Plan's net assets available for plan benefits as of that date. The provisions
for both plans were the same.
Effective September 30, 1999, Media General, Inc. sold its Cable Division to Cox
Communications, Inc. This sale resulted in approximately $11 million in final
distributions in cash and stock to approximately 300 participants.
2. Significant Accounting Policies
Basis of Accounting
The financial statements of the Plan are prepared on the accrual basis of
accounting. Certain prior year financial information has been reclassified to
conform with the current year's presentation.
Valuation of Investments
All investments, other than guaranteed investment contracts and loans to
participants, are carried at market value. Deposits under guaranteed investment
contracts are carried at contract value which approximates fair value. Loans to
participants are carried at the original amount of the loan less repayments
received. Investments in securities traded on national securities exchanges are
valued at the last reported sales price or at the last reported bid quotation if
not traded on that day. Investments in commingled equity and balanced funds are
valued at their redemption value. Dividends are recorded on the ex-dividend date
and interest is accrued as earned.
Use of Estimates
The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the amounts reported in the financial statements and the accompanying
notes. Actual results could differ from these estimates.
3. Contributions
The Plan allows participants to elect to contribute 1% to 20% of their total
compensation, subject to limitations prescribed by the Internal Revenue Code, by
means of regular payroll deductions. Contributions are made in the form of
voluntary pretax salary reductions or contributions of after-tax dollars by
4
<PAGE>
Thrift Plan Plus
For Employees of Media General, Inc.
Notes to Financial Statements (continued)
3. Contributions (continued)
the participants. Participants can elect to contribute 1% to 10% of their pay,
in whole percentages, to the Plan before taxes are withheld from their
compensation and 1% to 10%, in whole percentages, after taxes are withheld from
their compensation. Media General, Inc., (the Company) matches a portion of a
participant's contribution up to a total of 6% for each plan year based upon the
following chart. If a participant contributes more than 6% in total to the Plan,
the percent designated as pretax is considered first for purposes of the Company
match.
Company matching percentage
---------------------------
Total contribution On pretax portion On after-tax portion
percent to be matched of total of total
by Company contribution contribution contribution
----------------------- ------------ ------------
1% 75% 50%
2% 75% 50%
3% 75% 50%
4% 75% 50%
5% 65% 50%
6% 55% 50%
Contributions from participants are invested in accordance with the terms of the
Plan at the option of the participant, in: (i) a Stable Value Fund for the
purchase of guaranteed investment contracts and interests in a commingled
investment contract fund, (ii) an Equity Fund for the purchase of interests in
commingled equity stock funds, (iii) a Media General Stock Fund for the purchase
of Class A Common Stock of Media General, Inc., (iv) a Balanced Fund for the
purchase of an interest in a commingled global balanced fund or (v) certain
combinations of these funds as provided by the Plan. Company matching
contributions are invested in Media General, Inc., stock subject to the transfer
provisions discussed in the following paragraph. The Plan also includes, among
other things, a loan feature (see Note 7). Under specified guidelines, a
participant may request the trustee to transfer a portion of the participant's
balance in other funds into the loan fund for disbursement as a loan to the
participant. Repayment of principal and interest is generally made by payroll
deduction and the loans are fully secured by the participant's account balance.
On any allocation date (the date that participants may change their Investment
Option selection), participants who have attained age 55 may elect to transfer
100% of the market value of their account to any of the Investment Options
provided for by the Plan. Also, on any allocation date, participants under age
55 may elect to transfer 100% of the market value of their account among the
Stable Value, Equity, and Balanced Funds; transfer 25% of their account from the
Media General Stock Fund to the Stable Value, Equity and/or Balanced Funds; or,
transfer 25% of their account from the Stable Value, Equity and/or Balanced Fund
to the Media General Stock Fund. The transfer date is the first day of any
quarter and four transfers are permitted in any Plan year.
5
<PAGE>
Thrift Plan Plus
For Employees of Media General, Inc.
Notes to Financial Statements (continued)
3. Contributions (continued)
The Plan's assets are held by Northern Trust Company, the trustee, pursuant to a
trust agreement dated July 1, 1987. Frank Russell Trust Company has investment
responsibility for the Stable Value Fund, the Equity Fund and the Balanced Fund.
Crestar Asset Management Group had investment responsibility for the Stable
Value Fund until November 1999.
4. Vesting, Withdrawals, and Terminations
In the event of termination of employment or withdrawal from the Plan,
participants receive the total value of their account. The vesting provisions of
the Plan provide for immediate 100% vesting of the value of Company pretax
matching contributions and the value of after-tax matching contributions.
The Company has established the Plan with the intention that it will continue.
The Company has the right at any time to terminate the Plan. The value of the
participant's accounts would be distributed to the participant in a manner
consistent with the Summary Plan Description.
The above descriptions are provided for informative purposes. Readers should
refer to the Summary Plan Description for more complete information.
5. Income Taxes
The Internal Revenue Service has ruled that the Plan qualifies under Section
401(a) of the Internal Revenue Code (IRC) and is, therefore, not subject to tax
under present income tax law. Employee contributions qualify as "cash or
deferred" contributions under Section 401(k) of the IRC. Once qualified, the
Plan is required to operate in conformity with the IRC to maintain its
qualification. The Company believes the Plan continues to qualify under the IRC.
6. Investments
Investments representing five percent or more of the Plan's net assets at
December 31, 1999 and 1998 consisted of the following:
<TABLE>
<CAPTION>
1999 1998
------------------------------------------------------------------------
Name and Title Cost Market Value Cost Market Value
------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Media General, Inc.,
Class A Common Stock $51,304,230 $123,601,868 $56,083,296 $137,663,419
Frank Russell Equity I 37,415,325 42,714,481 18,068,230 33,774,627
</TABLE>
6
<PAGE>
Thrift Plan Plus
For Employees of Media General, Inc.
Notes to Financial Statements (continued)
6. Investments (continued)
The Plan's investments appreciated (depreciated) in fair value during 1999 and
1998 as follows:
Name and Title 1999 1998
------------------------------------------------------------------------------
Media General, Inc. Class A Common Stock $(2,672,511) $29,911,216
Common Trust funds managed by Frank
Russell Trust Co. 9,458,852 7,284,894
----------- -----------
$ 6,786,341 $37,196,110
=========== ===========
7. Loans to Participants
The Plan has a loan feature available to all Plan participants. Loans are made
from the participant's account, reducing the investment balance and creating a
receivable in the Loan Fund. Loans are secured by the participant's vested
account balance. Loans to terminated participants and loans in default are
treated as distributions to the participant. Loans are generally repaid through
payroll deduction including principal and interest. The principal portion
reduces the receivable from participants and both principal and interest are
transferred to the participant's investment account as repayments are received.
Participants may obtain loans based on the vested value of their accounts. New
loans cannot exceed 50% of the participant's account value or a maximum of
$50,000 in accordance with the Department of Labor's regulations on loans to
participants. Loans are limited to one loan per participant per twelve-month
period with a maximum of two loans outstanding at any one time. Loans shall bear
a reasonable rate of interest and must be repaid over a period not to exceed 5
years unless used to purchase the participant's primary residence, in which case
the loan must be repaid over a period not to exceed 10 years.
8. Related Party Transactions
Recurring administrative expenses of the Plan, which include trustee fees, are
paid by Media General, Inc. Administrative expenses for the years ended December
31, 1999 and 1998 were approximately $810,000 and $715,000, respectively.
9. Comparison to Form 5500
Form 5500 requires the recording of a liability for distributions allocated to
participants as of year end, but for which disbursement of those funds from the
Plan has not yet been made. This requirement is different from the
7
<PAGE>
Thrift Plan Plus
For Employees of Media General, Inc.
Notes to Financial Statements (continued)
9. Comparison to Form 5500 (continued)
presentation of such funds in the financial statements where they remain in net
assets available for plan benefits. The liability per Form 5500 was $3,891,873
and $2,735,149 as of December 31, 1999, and 1998, respectively.
10. Subsequent Event
On March 27, 2000, Media General, Inc. purchased Spartan Communications, Inc.
The purchase added approximately 800 employees. Most of these employees are
eligible to join the Plan as of July 1, 2000.
8
<PAGE>
Supplemental Schedule
<PAGE>
Schedule A
Thrift Plan Plus
For Employees of Media General, Inc.
EIN: 54-0850433 Plan: 001
Schedule H, Line 4 (i)
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 1999
Current or
Name and Title Market Value
-----------------------------------------------------------------------
Stable Value Fund:
Northern Trust Company *
Short-Term Investment Fund $ 17,793
-------------
Frank Russell Trust Company *
Short-Term Investment Fund 1,520,287
-------------
Investment contracts:
Allstate Life Insurance Co.,
5.37%, October 30, 2001 2,124,685
Commonwealth Life, 6.08%,
July 31, 2000 1,135,871
John Hancock, 5.93%,
April 30, 2001 1,085,877
John Hancock, 6.30%,
April 28, 2000 1,161,029
Life of Georgia, 6.00%,
October 31, 2000 1,009,785
GE Life & Annuity,
5.41%, Open Maturity 964,377
Metropolitan Life, 6.91%,
January 31, 2000 1,197,156
Metropolitan Life, 5.71%,
January 31, 2002 1,260,632
Peoples Security, 5.96%,
July 31, 2001 1,086,243
Security Life of Denver, 5.76%,
April 30, 2002 1,254,407
Hartford Life Insurance, 5.92%, 1,243,700
July 30, 2002
Transamerica Life Insurance Co.,
6.00%, January 31, 2001 1,101,225
-------------
14,624,987
-------------
* Party in interest to the Plan
<PAGE>
Schedule A
(continued)
Thrift Plan Plus
For Employees of Media General, Inc.
EIN: 54-0850433 Plan: 001
Schedule H, Line 4 (i)
Schedule of Assets Held for Investment Purposes at End of Year (continued)
December 31, 1999
Current or
Name and Title Market Value
-----------------------------------------------------------------------
Equity Fund:
Northern Trust Company *
Short-Term Investment Fund 24,922
-------------
Frank Russell * Equity I Fund Shares 42,714,481
Frank Russell * Equity II Fund Shares 3,771,722
-------------
46,486,203
-------------
Media General Stock Fund:
Northern Trust Company *
Short-Term Investment Fund 1,365,050
-------------
Media General, Inc., * Class A Common Stock 123,601,868
-------------
Balanced Fund:
Northern Trust Company *
Short-Term Investment Fund 19,925
-------------
Frank Russell * Balanced Fund Shares 8,817,898
-------------
Loan Fund:
Northern Trust Company *
Short-Term Investment Fund 583,140
-------------
Loans to participants*, 6% - 10% 7,219,312
-------------
Total $ 204,281,385
=============
* Party in interest to the Plan
<PAGE>
EXHIBIT INDEX
TO
FORM 11-K FOR
The Thrift Plan Plus
For Employees of Media General, Inc.
Exhibit Number Description of Exhibit
-------------- ----------------------
23 Consent of Ernst & Young LLP,
Independent auditors, dated
June 22, 2000
