X0306 4 2014-12-19 1 0000216539 MEDIA GENERAL INC MEG 0001202495 SCHROTT HOWARD L 333 EAST FRANKLIN STREET RICHMOND VA 23219 1 0 0 0 Phantom Stock 2014-12-19 4 A 0 897 A Voting Common Stock (no par value) 897 897 D Phantom Stock 2014-12-19 4 D 0 897 D Voting Common Stock (no par value) 897 0 D Phantom Stock 2014-12-19 4 D 0 3856 D Voting Common Stock (no par value) 3856 0 D Deferred Stock Units 2014-12-19 4 A 0 10000 A Voting Common Stock (no par value) 10000 10000 D Deferred Stock Units 2014-12-19 4 D 0 10000 A Voting Common Stock (no par value) 10000 0 D Reports the quarterly allocations under the Company deferred compensation plan for outside directors' fees, pro-rated to reflect service through the date of the closing of the Merger. Each unit is the economic equivalent of one share of Voting Common Stock (no par value). Upon termination of service as a director, the units become payable in accordance with the settlement election of the reporting person. 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. Effective immediately prior to the closing of the Merger, the reporting person received 10,000 Deferred Stock Units. One-half of such units will vest on each of December 19, 2016 and December 19, 2017, notwithstanding any earlier termination of services. Each vested unit entitles the reporting person to one share of Media General, Inc.'s Voting Common Stock. /s/ Howard Schrott, by Andrew C. Carington, Attorney-in-fact 2014-12-23