X0306 4 2016-09-06 0 0000216539 MEDIA GENERAL INC MEG 0001409888 Standard General L.P. 767 FIFTH AVENUE, 12TH FLOOR NEW YORK NY 10153 1 0 0 0 0001418202 Kim Soohyung 767 FIFTH AVENUE, 12TH FLOOR NEW YORK NY 10153 1 1 1 0 See Footnote 3 0001465987 Standard General Fund L.P. 767 FIFTH AVENUE 12TH FLOOR NEW YORK NY 10153 0 0 1 0 0001591884 Standard General Communications LLC 767 FIFTH AVENUE, 12TH FLOOR NEW YORK NY 10153 0 0 1 0 Voting Common Stock, no par value 2016-09-06 4 S 0 3137500 17.65 D 4443649 I See Footnotes Deferred Stock Units 0 Voting Common Stock, no par value 4504 4504 I See Footnotes The securities reported herein are held by Standard General Fund L.P. (the "Limited Partnership") and Standard General Communications LLC (the "LLC" and, together with the Limited Partnership, the "Funds"), private investment vehicles for which Standard General L.P. ("Standard General") serves as investment manager. As the sole owner of the LLC, the Limited Partnership may be deemed to beneficially own the shares held by the LLC. Standard General exercises voting and investment control over the shares held for the accounts of the Funds. Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. Mr. Kim is also a Director of Media General, Inc. Represents 599,094 shares sold for the account of the Limited Partnership and 2,538,406 shares sold for the account of the LLC. Deferred Stock Units, which vest on July 21, 2017, were granted to Mr. Kim in his capacity as a Director of the issuer, pursuant to the Issuer's Directors' Deferred Compensation Plan. As of the close of business on September 6, 2016, the Limited Partnership and the LLC held 0 and 4,443,649 shares of the Issuer's Voting Stock, respectively, after giving effect to the sales described in Footnote 3 above. /s/ Standard General Fund L.P. by Joseph Mause, Chief Financial Officer of Standard General L.P., its investment manager 2016-09-08 /s/ Soohyung Kim 2016-09-08 /s/ Standard General L.P. by Joseph Mause, Chief Financial Officer 2016-09-08 /s/ Standard General Communications LLC by Joseph Mause, Chief Financial Officer of Standard General L.P., its investment manager 2016-09-08