Former Shareholders of Tribune Company

If you were a shareholder of Tribune Company (“Tribune”; NYSE symbol: (“TRB”) in 2007 and tendered or exchanged shares of Tribune stock in June or December 2007, you are likely a member of a potential class of shareholders named as defendants in the lawsuit described below (the “Defendant Shareholder Class”). Your legal rights may be significantly affected by this lawsuit.
Accordingly, please read this notice carefully.

The Official Committee of Unsecured Creditors of Tribune (the “Committee”) filed a lawsuit in the United States Bankruptcy Court for the District of Delaware on November 1, 2010, entitled Official Committee of Unsecured Creditors of the Tribune Company v. FitzSimons, et al. (In re Tribune Co.), Adversary Proceeding No. 10-54010 (Bankr. D. Del) (KJC) (the Lawsuit”).

This lawsuit arises out of a leveraged buyout transaction (“LBO”) by which Tribune converted to a privately held company in 2007. The LBO happened in two steps: (1) in June 2007, Tribune executed a tender offer that resulted in shareholders tendering their Tribune shares in exchange for $34 per share, and (2) in December 2007, the remaining shares of Tribune were converted to a right to receive cash, also at $34 per share.

If you received proceeds in either step of the LBO, you are likely a member of the Defendant Shareholder Class, even if your name is not currently on the list of shareholders on “Exhibit A” to the Complaint, and you should consider consulting a lawyer to determine whether your rights are affected by this lawsuit.

A copy of the Complaint is available at http://www.kccllc.net/. If you have any questions, please contact Landis Rath & Cobb LLP at TribuneUCC@lrclaw.com or (302) 467-4428.