Index: src/wp-includes/js/tinymce/plugins/wplink/plugin.js
===================================================================
--- src/wp-includes/js/tinymce/plugins/wplink/plugin.js	(revision 42215)
+++ src/wp-includes/js/tinymce/plugins/wplink/plugin.js	(working copy)
@@ -468,8 +468,11 @@
 							}
 						}
 					} ).autocomplete( 'instance' )._renderItem = function( ul, item ) {
+						var fallbackTitle = ( typeof window.wpLinkL10n !== 'undefined' ) ? window.wpLinkL10n.noTitle : '',
+							title = item.title ? item.title : fallbackTitle;
+
 						return $( '<li role="option" id="mce-wp-autocomplete-' + item.ID + '">' )
-						.append( '<span>' + item.title + '</span>&nbsp;<span class="wp-editor-float-right">' + item.info + '</span>' )
+						.append( '<span>' + title + '</span>&nbsp;<span class="wp-editor-float-right">' + item.info + '</span>' )
 						.appendTo( ul );
 					};