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Prospectuses and communications, business combinations


Filed by Nexstar Broadcasting Group, Inc.

pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Company: Media General, Inc.

Filers SEC File No.: 000-50478

Date: October 14, 2015

The following is a press release issued by Nexstar Broadcasting Group, Inc. on October 14, 2015.



IRVING, Texas, October 14, 2015 Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) today commented on Media General, Inc.s (NYSE: MEG) announcement that it will exchange information with Nexstar related to Nexstars proposal to acquire Media General for $10.50 per share in cash and a fixed ratio of .0898 Nexstar shares per Media General share.

We look forward to exchanging information with Media General and to promptly reaching agreement on a transaction that is in the best interests of our respective shareholders, said Perry A. Sook, Chairman, President and Chief Executive Officer of Nexstar. Since we made our proposal, many Media General shareholders have expressed their support for our proposed combination. The market has reacted favorably and currently values our proposal at $15.00 per Media General share, a premium of approximately 35% over Media Generals share price on the trading day prior to our offer. We believe our proposal is a superior offer to the Meredith-Media General transaction and that the market understands how strategically and financially compelling this combination is for the shareholders of both companies.

BofA Merrill Lynch is acting as financial advisor and Kirkland & Ellis LLP is acting as legal counsel to Nexstar in connection with the proposed transaction.

About Nexstar Broadcasting Group, Inc.

Nexstar Broadcasting Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 107 television stations and related digital multicast signals reaching 58 markets or approximately 18.0% of all U.S. television households. Nexstars portfolio includes affiliates of NBC, CBS, ABC, FOX, MyNetworkTV, The CW, Telemundo, Bounce TV, Me-TV, LATV, RTV, Estrella, This TV, Weather Nation Utah, Movies! and News/Weather. Nexstars community portal websites offer additional hyper-local content and verticals for consumers and advertisers, allowing...