X0306 4 2014-12-19 1 0000216539 MEDIA GENERAL INC MEG 0001591146 Peterson Robert 333 EAST FRANKLIN STREET RICHMOND VA 23219 0 1 0 0 Vice President Deferred Stock Units 2014-12-19 4 D 0 19211 D Voting Common Stock (no par value) 19211 0 D On December 19, 2014, Media General, Inc. ("Media General", formerly Mercury New Holdco, Inc.), MGOC, Inc. ("MGOC", formerly Media General, Inc.) and LIN Media LLC ("LIN") consummated a business combination transaction (the "Merger") as a result of which MGOC, Inc. and LIN Media LLC each became a direct wholly owned subsidiary of Media General. Pursuant to the Merger, (i) each share of voting common stock of MGOC was converted into one share of voting common stock of Media General ("Voting Common Stock") and (ii) each share representing a limited liability company interest in LIN was converted into 1.4714 shares of Voting Common Stock. Equity-based awards granted pursuant to MGOC plans and LIN plans that were outstanding immediately prior to the Merger were converted into awards in respect of Voting Common Stock at the closing of the Merger. The reporting person received 38,422 Deferred Stock Units on November 12, 2013. (continued in footnote 2) (continued from footnote 1) One-half of such units vested on November 12, 2014, and one-half of such units will vest on November 12, 2015, subject to the reporting person's continued employment with Media General, Inc. through such date. Each vested unit entitles the reporting person to a payment in cash on the settlement date in an amount equal to the closing price per share of Media General, Inc.'s Voting Common Stock on the date of vesting. /s/ Robert Peterson, by Andrew C. Carington, Attorney-in-fact 2014-12-23