Attachment Exhibit E SES-T/C-20130717-00640

Attachment Exhibit E

This document pretains to SES-T/C-20130717-00640 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2013071700640_1004396

This application is one of a number of applications being contemporaneously filed with
the Commission seeking consent to the transfer of control of television broadcast stations whose
licenses are held by a subsidiary of Media General, Inc. (“Media General”), as well as the
wireless and earth station facilities that are used in connection with those television stations.
Applications are pending with the FCC’s Media Bureau seeking consent to the transfer of control
of the broadcast service licenses ultimately held by Media General.

These applications seek the Commission’s consent to a transaction (the “Transaction”)
that will combine the television broadcast operations of Media General with those of New Young
Broadcasting Holding Co., Inc. (“Young”). Following the consummation of the proposed
Transaction, a post-transaction Media General (“Post-Merger Media General”), owned and
controlled by the present equity holders of Young and Media General (“Post-Merger
Shareholders of Media General”), will continue to operate the television stations that Young and
Media General now own and operate separately; and the present equity holders of Media General
and Young together will own and vote the stock of Post-Merger Media General. Following
consummation of the Transaction, the pre-merger equity holders of Young will own
approximately 68.3% of the equity of Post-Merger Media General and the pre-merger equity
holders of Media General will own approximately 31.7% of the equity of Post-Merger Media
General.

At present, each of Young and Media General has a single majority shareholder.
Standard General Communications LLC and its sole member Standard General Fund, L.P.
(together “Standard General”) control a majority of the voting rights represented by Young’s
issued and outstanding stock. J. Stewart Bryan III controls a majority of the voting rights of
Media General. Following consummation of the Transaction, no party will control a majority of
the shares or voting rights of Post-Merger Media General, which will remain a publicly traded
company.

As shown in the attached diagrams, upon consummation of the Transaction, Post-Merger
Media General will continue to control Media General Communications Holdings, LLC, an
indirect wholly owned subsidiary that holds Media General’s broadcast licenses. A new limited
liability company with Post-Merger Media General as its sole member will indirectly hold and
control Young’s current broadcast licensee subsidiaries. As noted above, the current equity
holders of Young and Media General will hold the stock of Post-Merger Media General.

Pre-Merger Young Pre-Merger Media General
Ownership Structure Ownership Structure

Standard General J. Stewart Bryan III
Sole Majority Shareholder
Fund, L.P.

Sole Majority Shareholder
Member (100% equity)

Standard General Media General, Inc.
Communications LLC

Shareholder (42.8% votes) Shareholder (7.8% votes) Sole Shareholder

New Young Broadcasting Holding Co., Inc. Media General Communications, Inc.

Sole Member Sole Shareholder

Young Broadcasting, LLC Media General Operations, Inc.

Parent Company Sole Member

Young Licensee Subsidiaries Media General Communications Holdings,
(see Young Licensee Structure Chart LLC
attached) (Licensee Subsidiary)

2

Post-Merger Media General, Inc.
Ownership Structure

Standard General
Fund, L.P.

Member (100% equity)

Standard General Attributable Shareholder (4.53% votes)
Communications LLC

Attributable Shareholder (25.15% votes)

Media General, Inc.

Sole Member Sole Shareholder

Media General Broadcasting, LLC Media General Communications, Inc.

Sole Member Sole Shareholder

Young Broadcasting, LLC Media General Operations, Inc.

Parent Company
Sole Member

Young Licensee Subsidiaries Media General Communications Holdings,
(see Young Licensee Structure Chart LLC
attached) (Licensee Subsidiary)

3

Document Created: 2013-07-15 17:54:25
Document Modified: 2013-07-15 17:54:25

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