CFO Chandler Bigelow Expands Duties

Nils Larsen Named Chief Investment Officer

CHICAGO, Dec. 10 /PRNewswire/ -- Tribune Company today announced the appointment of Gerry Spector as Chief Operating Officer, effective immediately. Spector, who has served as Tribune's Chief Administrative Officer since December 2007, will now oversee the company's internet, broadcasting and newspaper operations.

"Gerry has led the ongoing transformation of this company from top to bottom," said Randy Michaels, Tribune's Chief Executive Officer. "He's strategically refocused the operations of our business units so that we're more innovative and more efficient than ever before, he's streamlined the decision-making process and he's helped drive the reorganization of our sales operation. From the beginning, Gerry's been a great partner for me."

During the past two years Tribune has redesigned all of its newspapers, increased local broadcast news programming, expanded the market share of its TV stations, grown the audience of WGN America by almost 40%, begun rebuilding its sales organization, and reduced expenses by approximately $600 million.

"We've accomplished a lot, but we can do even more," said Spector. "This is a great company, with outstanding brands and talented employees. We plan to reinvent our media organization every day--we're committed to delivering high-quality content, providing innovative solutions to our advertisers and competing for every available dollar."

The company also announced that SVP/Chief Financial Officer Chandler Bigelow is expanding his responsibilities to include the financial operations of the publishing division and all centralized human resources operations. Bigelow has been with Tribune since 1998 and served as SVP/CFO since March 2008.

Finally, Tribune has named Nils Larsen as Chief Investment Officer effective immediately. Larsen will oversee company-wide business development and investment opportunities. Larsen joined the company in December 2008 and has been responsible for helping spearhead Tribune's restructuring efforts.

TRIBUNE is America's largest employee-owned media company, operating businesses in publishing, interactive and broadcasting. 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, Morning Call and Daily Press. The company's broadcasting group operates 23 television stations, WGN America on national cable and Chicago's WGN-AM. Popular news and information websites complement Tribune's print and broadcast properties and extend the company's nationwide audience. At Tribune we take what we do seriously and with a great deal of pride. We also value the creative spirit and nurture a corporate culture that doesn't take itself too seriously.

SOURCE Tribune Company

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