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Exhibit 10.25

Journal Communications Non-Employee Director Compensation Policy
Amended as of February 12, 2013 (1)
 
Cash Compensation
   
Annual Retainer Fee (2)
  $30,000  
Meeting Fees:
     
Per Meeting
  $1,500  
Teleconference Meeting
  $1,000                  
Committee Retainers
     
Lead Director/Nominating and Corporate Governance
  $15,000  
Committee Chair (2)
     
Audit Committee Chair (2)
  $10,000  
Compensation Committee Chair (2)
  $7,500          
Equity Compensation
     
Annual Share Grant (at Annual Meeting of Shareholders)
 
$50,000 value (3)
         
Stock Ownership Guideline
 
25,000 shares (4)
 

 
Notes:

 
(1)
In the event a new director is elected to the board after the date of the
Shareholders’ Annual Meeting, but before the next Shareholders’ Annual Meeting,
the new director will receive on a pro-rata basis the annual cash retainer fee
and the annual share grant.  The pro-rata portion of the annual cash retainer
fee (less the amount of such fee to be paid in regular quarterly installments)
will be paid at the next regularly scheduled board meeting.  The pro-rata
portion of the annual share grant will be made at the time of the first
Shareholders’ Annual Meeting after the new director is elected to the board.  In
the event the new director chairs a committee upon becoming a member of the
board, the new director also will be paid the committee retainer on a pro-rata
basis.

 
(2)
Paid in 4 equal installments at first 4 regularly scheduled board meetings
during each calendar year.

 
(3)
Full value unrestricted grant of Class B common stock with a grant date of the
date of each Shareholders’ Annual Meeting.

 
(4)
Non-employee directors are required to own 25,000 shares of stock in Journal
Communications.  New directors should meet the guideline within 5 years
following the date they are elected to the board.

 
 

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