Media General, Inc. (the “Company”) (NYSE:MEG) announced today that certain of its stockholders intend to offer for sale 9,000,000 shares of the Company’s voting common stock in a registered underwritten secondary public offering. The selling stockholders also expect to grant the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of voting common stock from the selling stockholders. The Company will not receive any of the proceeds of this offering.

Wells Fargo Securities is acting as the lead book-running manager and representative of the underwriters for the offering. RBC Capital Markets and UBS Investment Bank are acting as book-running managers for the offering. Wedbush Securities, The Benchmark Company and SunTrust Robinson Humphrey are acting as co-managers for the offering.

An automatic shelf registration statement relating to these securities was filed on January 29, 2014 with the Securities and Exchange Commission (the SEC) and became effective upon such filing. The offering will be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained, when available, from Wells Fargo Securities, LLC, Attn: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152 (or 1-800-326-5897 or, RBC Capital Markets, LLC, Attn: Prospectus Department, 200 Vesey Street, 8th Floor, New York, NY 10281 (or 1-877-822-4089) or UBS Investment Bank, Attn: Prospectus Department, 299 Park Avenue, New York, NY 10171 (or 1-877-827-7275).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.

About Media General, Inc.

Media General, Inc. is a leading local television broadcasting and digital media company, providing top-rated news, information and entertainment in strong markets across the U.S. The company owns or operates 31 network-affiliated broadcast television stations and their associated digital media and mobile platforms, in 28 markets. These stations reach 16.5 million or 14% of U.S. TV households. Sixteen of the 31 stations are located in the top 75 designated market areas. In November 2013, Media General and Young Broadcasting merged, combining Media General’s 18 stations and Young’s 13 stations.

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