On August 9, 2023, the Board of Directors of MediaCo Holding Inc. (the Company) elected Amit Thakrar, age 35, as a member of the Board to fill a vacancy resulting from an increase in the number of members on the Board from eight to nine. The increase was approved by the Board in accordance with the Amended and Restated Articles of Incorporation and Amended and Restated Code of Bylaws of the Company. Mr. Thakrar was elected to the class of the Board the term of which expires at the Company?s 2026 annual meeting of shareholders.

Mr. Thakrar shall receive compensation in accordance with the compensation payable to other members of the Board who are not employees of Emmis Communications Corporation, as described in the Company?s proxy statement for its 2023 annual meeting of shareholders, filed with the Securities and Exchange Commission on May 1, 2023. Mr. Thakrar has over 15 years of experience investing in private equity, public equity and special situations strategies across a broad range of industries including most recently as a Partner at Standard General LP beginning in 2019. Between 2010 and 2019, he worked at Davidson Kempner Capital Management, OMERS Private Equity, and CIBC World Markets.

In addition, he has extensive operating experience, including serving as Executive Vice President of Standard Media Group LLC, a diversified national media company. Mr. Thakrar received his MBA from Columbia Business School and a Bachelor of Commerce (Honors) from Queen's University. Mr. Thakrar brings to the Board a strong investment, financial management and operational background in the media space.