EX-10.23



 Exhibit 10.23 
 February 26, 2013 
 Gary Kaseff 
 c/o Emmis Communications Corporation 
 3500 W. Olive Avenue, Suite 1450 

Burbank, California 91505 
  

	 	Re:	Amendment to Employment Agreement 

 Dear
Gary: 
 This letter shall confirm our agreement to amend your employment agreement with Emmis Operating Company dated
March 3, 2009 (the “Agreement”), upon the terms and subject to the conditions set forth in this letter (the “Amendment”). 
 This Amendment is effective March 1, 2013. Any capitalized words or phrases used and not defined in this Amendment shall have the meanings ascribed to them in the Agreement. This shall confirm that
the parties have agreed that: (1) The first clause (a) of Section 3 of the Agreement is amended to state: “February 28, 2019” instead of “the fifth (5th) anniversary of its commencement”; (2) Section 4 of the Agreement is hereby amended to increase
the Base Salary to $123,400 effective March 1, 2013; (3) Section 7 of the Agreement is deleted in its entirety and replaced by the following: “7. COBRA. Executive shall no longer participate in Employer’s health plan.
Effective March 1, 2013, Executive’s spouse shall be provided COBRA continuation coverage for Employer’s health plan, at Executive’s expense, for the maximum time permitted by applicable law or the effective date of replacement
coverage secured by Executive (as set forth in a notice by Executive), whichever occurs first.”; (4) Section 10.4 is amended as follows: (a) the phrase “...$15,000 for each month from the date of termination of employment
through March 12, 2014...” shall be amended to state: “...$17,500 for each month from the date of termination of employment through February 28, 2019...”; and (b) the phrase “...shall continue to
provide the health care coverage in accordance with Section 7” at the end of this Section shall be amended to state the following: “...shall continue to provide COBRA continuation coverage for the time period described in
Section 7, which obligation shall survive the termination of this Agreement.”; and (5) Sections 11.2 and 12 shall be amended to provide that, after an Incapacity Termination Date or termination of the Agreement upon Executive’s
death, in addition to the obligations of Employer described in those Sections, Employer shall continue to provide COBRA continuation coverage for the time period described in Section 7, which obligation shall survive termination of the
Agreement. 







 All of the terms and conditions set forth in the Agreement shall remain unchanged and in
full force and effect unless specifically modified in this Amendment. All references to the Term or its expiration or termination shall be adjusted to properly reflect the language set forth above. This Amendment shall be incorporated by reference
into the Agreement and made a part thereof. In the event of any conflict between any provision of this Amendment and any provision of the Agreement, this Amendment shall govern and control. 

Please sign below where indicated to signify your acceptance of the terms and conditions set forth in this Amendment. Should you have any
questions about this Amendment, please let me know. I look forward to much continued success together. 
 Sincerely, 

/s/ J. Scott Enright 
 J. Scott Enright

 Executive Vice President 
 Emmis
Operating Company 
 ACCEPTED AND AGREED: 
 /s/ Gary Kaseff 
 Gary Kaseff 

  
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