Business News

Tribune to Deregister Debt Securities With SEC

Friday 23. January 2009 - Tribune Company today announced that it has filed a Form 15 with the Securities and Exchange Commission (SEC) to deregister its debt securities and suspend its reporting obligations under the Securities Exchange Act of 1934.

As a result of the Form 15 filing, the company will no longer be required to file with the SEC certain reports and forms, including Forms 10-K, 10-Q, and 8-K.

Following the consummation of the going-private transaction on December 20, 2007, the company initially remained subject to SEC reporting obligations with respect to its Exchangeable Subordinated Debentures due 2029 (PHONES) listed on the New York Stock Exchange. However, the New York Stock Exchange delisted the PHONES in January 2009 due to the company’s chapter 11 filing. Consequently, the company no longer has any securities outstanding that are listed on a national exchange that would require continued SEC reporting.

In making its determination to deregister its debt securities and suspend its SEC reporting obligations, the company considered several factors, including the company’s ongoing restructuring efforts in connection with its chapter 11 filing and the continued availability of certain financial information as a result of chapter 11 court filings by the company.

Monthly operating reports and other information about the company will continue to be made available in the company’s filings with the bankruptcy court in connection with its chapter 11 bankruptcy proceedings.