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Tribune Company To Emerge From Chapter 11 On Dec. 31, 2012

The company also announced its new Board of Directors, effective Dec. 31, 2012:  Bruce Karsh, Ken Liang, Peter Murphy, Ross Levinsohn, Craig A. Jacobson, Peter Liguori, and Eddy Hartenstein.

Tribune's new Board of Directors will convene its first meeting in the next several weeks, at which time it will define the roles of its members, its committee structure, and designate and ratify the company's executive officers.  Chief executive officer Eddy Hartenstein will remain in his current role until that time.

TRIBUNE is one of the country's leading multimedia companies, operating businesses in broadcasting, publishing, and interactive. The company's broadcasting group owns or operates 23 television stations, WGN America on national cable, the national multicast network Antenna TV and Chicago's WGN-AM.  In publishing, Tribune's leading daily newspapers include the Los Angeles Times, Chicago Tribune, The Baltimore Sun, Sun Sentinel ( South Florida) , Orlando Sentinel, Hartford Courant, The Morning Call and Daily Press. Popular news and information websites complement Tribune's print and broadcast properties and extend the company's nationwide audience.

Cautionary Statement Regarding Forward-Looking Statements

The information contained herein may include certain forward-looking statements. Forward-looking statements reflect various estimates and assumptions by Tribune Company and are subject to risks, trends and uncertainties that could cause actual results and achievements to differ materially from those expressed in such statements. Whether or not any such forward-looking statements are in fact achieved will depend upon future events, some of which are not within the control of Tribune Company. Readers are cautioned not to place undue reliance on such forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "could," "should," "intend" and similar expressions generally identify forward-looking statements.

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