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SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Media General (MEG) Over the Proposed Sale of the Company to Nexstar Broadcasting

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NEW YORK--(BUSINESS WIRE)--

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Media General ("Company") (NYSE: MEG) for potential breaches of fiduciary duties in connection with the sale of the Company to Nexstar Broadcasting for approximately $4.6 billion in a cash and stock transaction.

The Company's stockholders will only receive $10.55 per share in cash and 0.1249 Nexstar Broadcasting shares, or approximately $16.17, for each share of Company common stock they own. However, this offer is below at least one analyst's target price of $18.00 per share.

Click here for more information: www.faruqilaw.com/MEG.There is no cost or obligation to you.

The investigation focuses on whether Company's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Company's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Company and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/MEG or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2016 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: 877-247-4292
Phone: 212-983-9330

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