Message from Randy and Gerry/Agreement Reached

From: Tribune Communications
Sent: Thursday, April 08, 2010 1:56 PM
Subject: Message from Randy and Gerry/Agreement Reached


Today we are announcing that an agreement has been reached among some of our major creditors, J.P. Morgan and Angelo Gordon, and Centerbridge Partners. The agreement has the support of the Official Committee of Unsecured Creditors, and will be incorporated into a plan of reorganization for the Tribune and its debtor affiliates, to be filed with the U.S. Bankruptcy Court for the District of Delaware. The details of the agreement can be found in the attached press release.

As the release states, this agreement will enable us to file our plan prior to next Tuesday’s court hearing. It is another significant step forward as we continue to transform our media businesses, attract and retain talented people, and seize opportunities to grow.

We’ll keep you posted on developments next week.

Randy and Gerry