AMENDMENT TO THE MEDIA GENERAL, INC. EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN

Exhibit 10.1

AMENDMENT TO THE

MEDIA GENERAL, INC.

EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN (SERP)

FIRST : The Introduction to the SERP is amended, effective May 31, 2009, to add the following sentence to the end of the first paragraph thereof:

Compensation earned after May 31, 2009, shall not increase benefits accrued under the Plan after that date.

SECOND : Article IV of the SERP is amended effective May 31, 2009, to replace the first sentence of the last paragraph of subsection (b) with the following two sentences:

For purposes of the Plan, a Participant’s compensation for a calendar year ending on or before December 31, 2008, shall mean the sum of (i) a Participant’s highest base rate salary that was payable during that calendar year and (ii) the Incentive Bonus that was paid to such Participant with respect to the prior calendar year. For purposes of the Plan, a Participant’s compensation for a calendar year ending