On December 2, 2022, the Board of Directors of MediaCo Holding Inc. (the Company) elected Robert L. Greene, age 54, as a Class B member of the Board to fill a vacancy resulting from the resignation from the Board of Laura A. Lee.  Ms. Lee's decision to resign as a director is not the result of any dispute or disagreement with the Company, its management, the Board, or any matter relating to the Company's operations, policies or practices.  Ms. Lee's resignation, and Mr. Greene's election, shall both be effective on effective December 31, 2022. Mr. Greene will also be appointed to the Audit Committee of the Board as of such date and shall serve as the Chairman of the Audit Committee. Mr. Greene has been the President and Chief Executive Officer of the National Association of Investment Companies, the industry trade association and large network of diverse-owned alternative asset class investment firms, since February 2013.

He was the Head of Investor Relations of Syndicated Communications Venture Partners, a venture capital firm, from June 2007 to December 2013. Mr. Greene currently serves on the board of directors and audit committee of Travelport, a UK-based travel technology company, the board of directors of Transworld Systems Inc., a privately held, private equity-backed company that provides debt collection services for Fortune 500 companies on a global basis, and the board of directors of Synergy Infrastructure Holdings, a privately held, private equity-backed company that is a leading provider of compact, heavy and pump equipment rentals. Previously, he also served on the board of directors and audit committee of Starboard Value Acquisition Corporation, a blank check company focused, which in July 2021 merged with Cyxtera Technologies Inc.