Tribune Company to Voluntarily Restructure Debt Under Chapter 11

Tribune Company to Voluntarily Restructure Debt Under Chapter 11.- Tribune CO.
Publishing, Interactive and Broadcasting Businesses to Continue Operations

Chicago Cubs and Wrigley Field Not Part of Chapter 11 Filing; Monetization Efforts to Continue

CHICAGO, December 8, 2008 -- Tribune Company today announced that it is voluntarily restructuring its debt obligations under the protection of Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company will continue to operate its media businesses during the restructuring, including publishing its newspapers and running its television stations and interactive properties without interruption, and has sufficient cash to do so.

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