Digital Generation Announces the Meruelo Group's Agreement to Withdraw Proposals for the Annual Meeting

Wed Feb 6, 2013 7:39pm EST

* Reuters is not responsible for the content in this press release.

  DALLAS, TX, Feb 06 (Marketwire) -- 
DG(R) (NASDAQ: DGIT), the world's leading ad management and distribution
platform, today announced that Alex Meruelo, the Alex Meruelo Living
Trust and Meruelo Investment Partners have agreed to withdraw in their
entirety the director nominations and proposals as set forth in the
notice provided to the Company on January 17, 2013 and in their
preliminary proxy statement filed on January 25, 2013 and not to present
any proposals or director nominations for consideration at DG's 2012
Annual Meeting of Stockholders on February 21, 2013 (the "Annual
Meeting"). DG intends that the only proposals and director nominations to
be considered at the Annual Meeting are those reflected in DG's
Definitive Proxy Statement filed with the U.S. Securities and Exchange
Commission on January 29, 2013.

    As previously announced, DG has also entered an agreement with Clinton
Group, Inc. on January 16, 2013 to nominate two new independent directors
for election at the Annual Meeting and to increase the size of the Board
from seven to eight members. The Clinton Group, which owns approximately
6% of the outstanding shares of DG's common stock, has agreed to vote its
shares in support of all DG director nominees at the Annual Meeting.

    About DG

    DG connects over 11,000 global advertisers and agencies with their
targeted audiences through an expansive network of over 6,000 television
broadcast stations and over 11,500 web publishers in 75 countries. The
Company's television division utilizes best-in-class network and content
management technologies, creative and production resources, digital asset
management and syndication services that enable advertisers and agencies
to work faster, smarter and more competitively. The Company's online
division, MediaMind, allows marketers to benefit from optimized
management of online advertising campaigns while maximizing data driven
advertising. For more information, visit www.DGit.com.

    Forward-Looking Statements

    This press release contains statements that constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. All statements other than statements of historical facts are
forward-looking statements. Such forward-looking statements are not
guarantees of future performance and involve known and unknown risks,
uncertainties, and other factors that may cause the strategic
alternatives process to fail for a variety of reasons, including factors
discussed under the heading "Risk Factors" in DG's Annual Report on form
10-K filed on February 29, 2012 and additional reports DG files with the
Securities and Exchange Commission.

    

Contacts:

Media:
Andy Brimmer / Jamie Moser / Scott Bisang
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

Investors: 
Dan Burch / Laurie Connell 
MacKenzie Partners, Inc. 
(212) 929-5500 

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