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Tribune Announces New Finance Appointments

Company appoints new chief financial officers in publishing, broadcasting and at Chicago Tribune newspaper

CHICAGO, March 20, 2001 -- Tribune Company (NYSE:TRB) today named new chief financial officers at its publishing and broadcasting divisions and at the Chicago Tribune newspaper. The appointments were announced by Dennis J. FitzSimons, Tribune's Executive Vice President, and are effective immediately.

"The chief financial officers of our divisions play a crucial role as Tribune continues growing and expanding its businesses," said FitzSimons. "We are fortunate to have a number of talented and experienced financial professionals within the company, and these appointments are a reflection of the depth of Tribune's management team."

Gerald W. (Jerry) Agema, currently Vice President/Administration and Chief Financial Officer for Tribune Broadcasting, has been named to the same position for Tribune Publishing. "Jerry is a talented professional who has done an outstanding job overseeing dramatic growth within the broadcasting division-from six stations, when he became CFO in 1985, to its current 22 stations," said Jack Fuller, President of Tribune Publishing. "Jerry's leadership skills and strong financial background will enhance the organizational structure of the publishing division."

Succeeding Agema at Tribune Broadcasting will be Thomas D. Leach, Vice President/ Corporate Development. "Before joining the corporate development group, Tom was the vice president of strategy and development for Tribune Broadcasting so he has played a key role in our television acquisitions and is familiar with our growth strategies in broadcasting," said FitzSimons. "As a former auditor and analyst, Tom has the discipline to continue the outstanding financial track record of our broadcasting division."

Phil Doherty, currently Vice President and Chief Financial Officer of Tribune Publishing, has been named to the same position at the Chicago Tribune. "Phil has provided financial leadership to Tribune Publishing since 1994. His in-depth knowledge of publishing finances make him ideally suited to lead the finances of the company's flagship newspaper," said Scott Smith, Chicago Tribune President and Chief Executive Officer.

Agema, Leach and Doherty are all certified public accountants.

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TRIBUNE (NYSE: TRB) is one of the country's premier media companies, operating businesses in broadcasting, publishing and on the Internet. It reaches more than 80 percent of U.S. households, and is the only media company with television stations, newspapers and Web sites in the nation's top three markets. Tribune media span 23 major-market television stations, including national superstation WGN-TV; 12 market-leading daily newspapers, including the Los Angeles Times, Chicago Tribune and Newsday; and news and information Web sites in 18 of the nation's top 30 markets.

   
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