Tribune Press Release

Tribune Statement Regarding Wrigley Field

CHICAGO June 9, 2008 -- Tribune Company today issued the following statement regarding its negotiations with the Illinois Sports Facilities Authority (ISFA) on the disposition of Wrigley Field:

"Tribune and ISFA have been unable to come to terms on an agreement to transfer ownership of Wrigley Field into a public trust. As an employee-owned organization, Tribune has been clear and unwavering in its commitment to a transaction that is favorable to the public, to the company, and to the Cubs. Unfortunately, ISFA’s proposal did not meet this criteria and would, in fact, violate the policies of Major League Baseball. We continue to see a strong benefit for the state and the city in public ownership of the ballpark, but we cannot execute a transaction at the expense of our employees or in violation of MLB rules."