Item 9.01. Financial Statements and Exhibits.
Important Information For Investors And
Stockholders
This communication does not constitute an
offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or approval. In connection
with the proposed transaction between Tribune, Tribune Enterprises, LLC (“Acquiror”) and Tribune Merger Sub, Inc. (“Merger
Sub”), Tribune filed a Schedule 13e-3 transaction statement and a preliminary proxy statement with the Securities and Exchange Commission
(the “SEC”) on March 23, 2021, an amendment to the Schedule 13e-3 transaction statement and an amendment to the preliminary
proxy statement with the SEC on April 14, 2021, and an amendment to the Schedule 13e-3 transaction statement and a definitive proxy statement
(the “Definitive Proxy Statement”) with the SEC on April 20, 2021. This communication is not a substitute for any proxy statement
or other document Tribune has filed or may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS
OF TRIBUNE ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AND IN THEIR
ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. The Definitive Proxy Statement
was first mailed to stockholders of Tribune on or about April 20, 2021. Investors and security holders will be able to obtain other documents
(if and when available) filed with the SEC by Tribune through the website maintained by the SEC at http://www.sec.gov. Copies of the Definitive
Proxy Statement and other documents (if and when available) filed with the SEC by Tribune can be obtained free of charge on Tribune’s
website at https://investor.tribpub.com or by contacting Tribune’s primary investor relation’s contact by email at abullis@tribpub.com
or by phone at 312-222-2102.
Participants in Solicitation
Tribune, Acquiror, Merger Sub, their respective
directors and certain of their respective executive officers may be considered participants in the solicitation of proxies in connection
with the proposed transaction. Information about the directors and executive officers of Tribune is set forth in its Annual Report on
Form 10-K for the fiscal year ended December 27, 2020, which was filed with the SEC on March 8, 2021, its proxy statement for its 2020
annual meeting of stockholders, which was filed with the SEC on April 7, 2020, certain of its Quarterly Reports on Form 10-Q and certain
of its Current Reports filed on Form 8-K.
These documents can be obtained free of charge
from the sources indicated above. Additional information regarding the participants in the proxy solicitations and a description of their
direct and indirect interests, by security holdings or otherwise, are contained in the Definitive Proxy Statement and will be contained
in other relevant materials to be filed with the SEC when they become available.
Forward Looking Statements
This communication includes certain forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words
such as “may,” “will,” “could,” “anticipate,” “estimate,” “expect,”
“predict,” “project,” “future,” “potential,” “intend,” “plan,”
“assume,” “believe,” “forecast,” “look,” “build,” “focus,” “create,”
“work” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance
used in connection with any discussion of future plans,
actions, or events identify forward-looking
statements. These forward-looking statements involve many risks and uncertainties about Tribune, Acquiror and Merger Sub that could cause
actual results to differ materially from those expressed or implied by such statements, including, without limitation, failure to obtain
the required vote of the Company’s stockholders; the timing to consummate the proposed transaction; the risk that a condition of
closing of the proposed transaction may not be satisfied or that the closing of the proposed transaction might otherwise not occur; the
risk that a regulatory approval that may be required for the proposed transaction is not obtained or is obtained subject to conditions
that are not anticipated; the diversion of management time on transaction-related issues; risks related to disruption of management time
from ongoing business operations due to the proposed transaction; the risk that any announcements relating to the proposed transaction
could have adverse effects on the market price of the common stock of Tribune; and the risk that the proposed transaction and its announcement
could have an adverse effect on the ability of Tribune to retain customers and retain and hire key personnel and maintain relationships
with its suppliers and customers. These forward-looking statements speak only as of the date of this communication, and Tribune expressly
disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect
any change in Tribune’s expectations with regard thereto or any change in events, conditions or circumstances on which any such
statement is based. Please refer to the publicly filed documents of Tribune, including the most recent Forms 10-K and 10-Q for additional
information about Tribune and about the risks and uncertainties related to the business of Tribune which may affect the statements made
in this presentation.