Item 5.02  Departure of Directors of Certain Officers; Election of Directors;
           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers..

On November 27, 2019, the compensation committee of the board of directors of Emmis Communications Corporation ("Emmis" or the "Company") awarded bonuses to the Company's executive officers, including $2,625,000 for Jeffrey H. Smulyan, $1,275,000 for Patrick M. Walsh and $637,500 for Ryan A. Hornaday. As a condition to receiving the bonus, the executive officers are required to agree to abide by the terms of the non-competition and non-solicitation provisions applicable to certain of the Company's officers under that certain Management Agreement between Emmis Operating Company and MediaCo Holding Inc. dated as of November 25, 2019.

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