X0306 4 2013-11-12 0000216539 MEDIA GENERAL INC MEG 0001591159 Diao H.C. Charles 333 E FRANKLIN ST RICHMOND VA 23219 1 0 0 0 Voting Common Stock (no par value) 2013-11-12 4 A 0 775184 A 775184 I Investment Management Upon the closing of the business combination transaction on November 12, 2013 between New Young Broadcasting Holding Co., Inc. and Media General, Inc., the investment firm Schooner SOF LLC exchanged 1,061 shares and warrants of New Young Broadcasting Holding Co., Inc., at an exchange ratio of 730.6171 to one, for 775,184 shares of Media General, Inc.'s Voting Common Stock. Upon the closing of such business combination transaction, 775,184 shares of Media General's Voting Common Stock are held directly by Schooner SOF LLC. Because of his relationship with Schooner SOF LLC, Mr. Diao may be deemed to beneficially own the securities held directly by Schooner SOF LLC. Mr. Diao disclaims such beneficial ownership except to the extent of any pecuniary interest therein and this report shall not be deemed, for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, or for any other purpose, to be an admission of such beneficial ownership. /s/ H.C. Charles Diao, by Andrew C. Carington, Attorney-in-fact 2013-11-13