X0306 4 2015-03-31 1 0001232241 JOURNAL COMMUNICATIONS INC JRN 0001235541 TAIBL MARY HILL 333 WEST STATE STREET MILWAUKEE WI 53203 0 1 0 0 * (see title noted below) Class B Common Stock 2015-03-31 4 F 0 1376 14.82 D Class A Common Stock 1376 45231 D Class B Common Stock 2015-03-31 4 J 0 45231 0 D Class A Common Stock 45231 0 D Stock Appreciation Right 13.3100 2015-03-31 4 J 0 42000 0 D 2017-02-16 Class B Common Stock 42000 0 D Stock Appreciation Right 2015-03-31 4 J 0 15000 0 D 2017-02-16 Class B Common Stock 15000 0 D The Class B Common Stock is convertible into Class A Common Stock (subject to certain limitations specified in the Issuer's Amended and Restated Articles of Incorporation) on a 1-for-1 basis at no cost. Reflects payment of tax liability by withholding shares of stock incident to the vesting of restricted stock. The shares of Journal Communications, Inc. stock were converted into shares of Journal Media Group, Inc. and The E.W. Scripps Company in connection with the closing of the transactions between Journal Communications and The E.W. Scripps Company (the "Transactions"). The stock appreciation right was granted February 16, 2007 to the reporting person under the Journal Communications, Inc. 2003 Equity Incentive Plan. In connection with the Transactions, all stock appreciation rights were fully vested as of March 30, 2015. All outstanding stock appreciation rights were cancelled and the reporting person received a cash payment. The stock appreciation right has an escalating base value which starts with $13.31, the closing price of the Company's Class A Common Stock on the date of grant, and increases by 6% per year for each year that the stock appreciation right remains outstanding, starting on the first anniversary of the grant date. * Senior Vice President, General Counsel, Chief Compliance Officer & Secretary /s/ Russell E. Ryba, Attorney-in-Fact for Mary Hill Taibl 2015-04-03