Tribune Announces Executive Appointments

                   Tribune Announces Executive Appointments

Elects Bruce Karsh as Chairman, Peter Liguori as CEO

PR Newswire

CHICAGO, Jan. 17, 2013

CHICAGO, Jan. 17, 2013 /PRNewswire/ --Tribune Company today announced that
its Board of Directors has elected Bruce Karsh as Chairman of the Board and
Peter Liguori as Chief Executive Officer. The appointments are effective
immediately. The company also announced that former Chief Executive Officer
Eddy Hartenstein will continue to serve as Publisher of the Los Angeles Times
and CEO of the Los Angeles Times Media Group, and will act as special advisor
to the Office of the CEO.

"The Board is very optimistic about Tribune's future," said Karsh. "The
company is well-positioned across its markets and now has a strong balance
sheet, significant liquidity and low debt, so there is a lot of opportunity
ahead."

Since 1995, Karsh has served as President and co-founder of Oaktree Capital
Management, L.P., formerly Oaktree Capital Management, LLC, a Los
Angeles-based investment management firm. Prior to co-founding Oaktree, Karsh
was a Managing Director of the TCW Group and the portfolio manager of its
Special Credits Funds for seven years.

"Peter is the ideal choice to be Tribune's next Chief Executive Officer," said
Karsh. "He has the talent and experience to lead the company forward, and has
a track record of success. The Board has every confidence in him." 

Liguori most recently served as Chief Operating Officer of Discovery
Communications. Before joining Discovery in 2009, he served as Chairman of
Entertainment for the Fox Broadcasting Company. Prior to assuming that
position in 2005, Liguori was president and CEO of News Corp.'s FX Networks
since 1998.

"Tribune is a great company with an incredible collection of media assets,
iconic brands in major markets across the country, tremendous journalism, and
very talented people," said Liguori. "Collectively, the company's digital
operations, broadcast outlets and newspapers are some of the best in the
country. In many ways, Tribune is like a 165-year old start-up—there is a lot
to build upon." 

Liguori and the Board of Directors also thanked Hartenstein for his leadership
of the company during its recently completed Chapter 11 process.

"Tribune was fortunate to have Eddy guiding it through bankruptcy—his
commitment to keeping operations on track, the businesses focused and
employees energized, was exactly what the company needed," said Karsh. "I am
very pleased that Eddy will be staying with Tribune and The Times."

Hartenstein said, "I'm pleased that the Chapter 11 process is complete and we
can all turn our full attention to growing our business and making this
company as successful as possible."

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.

SOURCE Tribune Company

Website: http://www.tribune.com
Contact: Gary Weitman, SVP/Corporate Relations, +1-312-222-3394,
gweitman@tribune.com
 
Press spacebar to pause and continue. Press esc to stop.