MORRIS COMMUNICATIONS COMPANY, LLC

DEFERRED COMPENSATION PLAN FOR DEFERRALS

ARTICLE I

INTRODUCTION

1.1 Purpose Of Plan. The Employer has adopted the Plan set forth herein to provide a means by which certain employees may elect to defer receipt of designated percentages or amounts of their Compensation.

1.2 Status Of Plan. The Plan is intended to be a plan which is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees within the meaning of Sections 201(2) and 301(a)(3) of the Employee Retirement Income Security Act of 1974 (ERISA), and shall be interpreted and administered to the extent possible in a manner consistent with that intent.

ARTICLE II

DEFINITIONS

Wherever used herein, the following terms have the meanings set forth below, unless a different meaning is clearly required by the context:

2.1 Account means, for each Participant, the account established for his or her benefit under Section 5.1. Such Account shall include both salary and bonus deferrals.

2.2 Code means the Internal Revenue Code of 1986, as amended from time to time. Reference to any section or subsection of the Code includes reference to any comparable or succeeding provisions of any legislation which amends, supplements or replaces such section or subsection.

2.3 Compensation means the annual bonus and the base salary of a Participant. The Board Committee, in its sole discretion, shall designate from time to time the maximum percentage of base salary and bonus that can be deferred under the Plan. Such designation shall be listed in Appendix A. For purposes of the Plan, Compensation shall be determined before giving effect to Elective Deferrals and other salary reduction amounts which are not included in the Participants gross income under Code Sections 125, 401(k), 402(h) or 403(b).

2.4 Corporation or Company means the Employer.

2.5 Effective Date means October 1, 2003.

2.6 Election Form means the participation election form as approved and prescribed by the Plan Administrator.

2.7 Elective Deferral means the portion of Compensation which is deferred by a Participant under Article IV.

2.8 Eligible Employee means: Any member of management or highly compensated employee specifically designated by the President of the Company.

2.9 Employer means Morris Communications Company, LLC, any successor to all or a major portion of the Employers assets or business which assumes the obligations of the Employer, and each other entity that is affiliated with the Employer whose employees, with the consent of the Employer, are eligible, as provided under Section 2.8, to participate in the Plan.

2.10 ERISA means the Employee Retirement Income Security Act of 1974, as amended from time to time. Reference to any section or subsection of ERISA includes reference to any comparable or succeeding provisions of any legislation which amends, supplements or replaces such section or subsection.

2.11 Management Committee means a committee of the Board of Directors of the Employer that has been delegated authority over the Plan; or in absence of such a committee, the Management Committee means the Board of Directors of the Employer.

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