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Millennial Media, Inc. Reports Employment Inducement Equity Grants

MM

BALTIMORE--(BUSINESS WIRE)--Millennial Media, Inc. (NYSE: MM) today announced that it has made employment inducement equity awards to 14 employees. The inducement awards consist of (i) an aggregate of 19,000 options to purchase shares of Millennial Media common stock granted to 13 new hires, and (ii) 100,000 restricted stock units of Millennial Media common stock specifically negotiated in connection with the hire of another individual. The awards are being made as a material inducement to accept employment with Millennial Media.