Dennis FitzSimons Update to Employees

-----Original Message-----

From: FitzSimons, Dennis J. [Notes]
Sent: Tuesday, May 30, 2006 4:33 AM
Subject: Today's stock repurchase announcement

Dear Fellow Employee:

This morning we announced a major initiative in which the company will repurchase up to 75 million shares of Tribune common stock. The transaction is outlined in the press release now posted on TribLink and tribune.com.

To view a short presentation about today's announcement, please click here: http://tco-chi-sql1/lists/Media/dispform.aspx?id=71

You' ll be hearing much more about the stock repurchase in the coming days and weeks. This Friday, please plan on tuning in to a live "Town Hall" meeting at 11:00 a.m. Central. The meeting will be broadcast via satellite to all Tribune business units. Viewing locations will be communicated locally.

If you' d like to pre-submit a question for the Friday meeting, please send it to our Corporate Relations department - e-mail corporaterelations@tribune.com <mailto:corporaterelations@tribune.com> or fax 312-222-1573.

Sincerely,
Dennis

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