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Filing Details

Accession Number:: 0001140361-16-056828
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-03-07 17:18:10
Reporting Period:: 2016-03-04

Filing Date:: 2016-03-07
Accepted Time:: 2016-03-07 17:18:10
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
216539	Media General Inc	MEG	Television Broadcasting Stations (4833)	540850433

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1409888	L.p. General Standard	767 Fifth Avenue, 12Th Floor New York NY 10153		No	No	Yes	No
1418202	Soohyung Kim	C/O Standard General L.p. 767 Fifth Avenue, 12Th Floor New York NY 10153	See Footnote 3	Yes	Yes	Yes	No
1465987	L.p. Fund General Standard	767 Fifth Avenue 12Th Floor New York NY 10153		No	No	Yes	No
1591884	Standard General Communications Llc	767 Fifth Avenue 12Th Floor New York NY 10153		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Voting Common Stock, No Par Value	Disposition	2016-03-04	7,000,000	$16.51	11,878,209	No	4	S	Indirect	See Footnotes
Voting Common Stock, No Par Value	Disposition	2016-03-04	4,297,060	$0.00	7,581,149	No	4	J	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnotes
No	4	J	Indirect	See Footnotes

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 3,150,432 shares sold for the account of the Limited Partnership and 3,849,568 shares sold for the account of the LLC.
Represents a distribution in kind by the LLC. The closing price of the Issuer's shares on such date was $16.80. The LLC became obligated to effect this distribution on March 4, 2016, although the shares may be transferred on any date prior to May 3, 2016.
As of the close of business on March 4, 2016, the Limited Partnership and the LLC held 599,094 and 6,982,055 shares of the Issuer's Voting Stock, respectively, after giving effect to the sales and the distribution described in Footnotes 3 and 4 above.