January 12, 2015 Ms. Elizabeth F. Brenner 333 West State Street Milwaukee, WI 53203 Dear Betsy:Letter Agreement • February 4th, 2015 • Journal Media Group, Inc. • Newspapers: publishing or publishing & printing • Wisconsin
As you know, The E. W. Scripps Company (“Scripps”) and Journal Communications, Inc. (“Journal”) have agreed to merge their newspaper businesses into Journal Media Group, Inc. (“Journal Media Group”) pursuant to the terms of the Master Transaction Agreement, dated as of July 30, 2014 (the “Master Transaction Agreement”), by and among Scripps, Journal, Journal Media Group and certain other parties thereto (the “Merger”). In connection with the Merger, we wish to encourage you to join Journal Media Group, contingent upon the consummation of the Merger and subject to the terms and conditions of this letter agreement (this “Letter Agreement”).
