Media General, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS

Media General, Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)

			(Unaudited)
			September 29,	December 30,
			2002	2001
ASSETS
Current assets:
	Cash and cash equivalents		$ 10,198	$ 9,137
	Accounts receivable - net		97,591	112,431
	Inventories		6,103	4,860
	Other		38,202	36,610

		Total current assets	152,094	163,038

Investments in unconsolidated affiliates			98,171	114,588
Other assets			73,758	71,308
Property, plant and equipment - net			373,794	385,916
Excess of cost over fair value of net identifiable
	assets of acquired businesses - net		832,004	933,957
FCC licenses and other intangibles - net			823,261	865,252

Total assets			$ 2,353,082	$ 2,534,059

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
	Accounts payable		$ 25,249	$ 19,909
	Accrued expenses and other liabilities		92,617	80,588
	Income taxes payable		1,331	-

		Total current liabilities	119,197	100,497

Long-term debt			672,934	777,662
Deferred income taxes			354,123	350,854
Other liabilities and deferred credits			138,539	141,378
Stockholders' equity			1,068,289	1,163,668

Total liabilities and stockholders' equity			$ 2,353,082	$ 2,534,059

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