RICHMOND, Va.--(BUSINESS WIRE)--Media General, Inc. (NYSE:MEG), one of the nation's largest multimedia companies, announced on December 19, 2014 that it had closed its merger with LIN Media LLC. In connection with the merger, the former shareholders of LIN Media had the option to make an election to receive either $25.97 in cash or 1.4714 shares of voting common stock of Media General, subject to pro-ration in accordance with the terms of the merger agreement, in exchange for their shares of LI