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Prospectuses and communications, business combinations

The following communication was sent to the employees of Media General, Inc. on October 15, 2015:

Employee Letter (Agreement with Meredith to Exchange Information with Nexstar)

Dear Team:

As you know, on September 28, 2015, Media General received an unsolicited proposal from Nexstar to acquire all of the outstanding common stock of Media General for $14.50 per share in cash and stock. Since that time, we have engaged additional financial and legal advisors to assist the Board in its review.

While the Board has not yet made a determination regarding the Nexstar proposal, we announced late yesterday that we have reached an agreement with Meredith that allows for the mutual exchange of certain non-public information with Nexstar. This agreement will enable both Media General and Nexstar to further evaluate Nexstar’s unsolicited September 28, 2015 proposal to acquire Media General. A copy of the press release we issued is attached for your convenience.

It’s important to remember that as we exchange information with Nexstar, our agreement with Meredith remains in place and our Board continues its recommendation in support of the proposed transaction with Meredith.

As always, we will keep you updated as events progress. Please continue to forward any inquiries to Courtney Guertin at .

On behalf of the Board and management team, I want to thank you again for remaining focused on our business objectives. Your efforts and commitment are truly appreciated.


This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable...