Tribune Elects Laura Walker To Board Of Directors

Stockholders re-elect Craig Jacobson to the Board

Tribune Company to be re-named Tribune Media Company

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Jul 15, 2014, 10:00 ET

CHICAGO, July 15, 2014 /PRNewswire/ -- Tribune Company (OTC: TRBAA) today announced that Laura R. Walker was elected to its Board of Directors for a three-year term at yesterday's stockholder meeting in Los Angeles. Walker, who is President and Chief Executive Officer of New York Public Radio, replaces Eddy Hartenstein, who is becoming non-executive chairman of Tribune Publishing Company's Board of Directors following its spin-off from Tribune Company. Also, Craig Jacobson was re-elected to the Board of Directors for a three-year term.

TRIBUNE ELECTS LAURA WALKER TO BOARD OF DIRECTORS (PRNewsFoto/Tribune Company)

Additionally, stockholders voted to amend the Tribune Company Certificate of Incorporation, including to change the name of Tribune Company to Tribune Media Company.

"Laura is a talented and creative programmer, innovative thinker and a highly-regarded manager. She is a wonderful addition to Tribune's Board," said Bruce Karsh, Tribune's Chairman of the Board. "On behalf of the Board and Tribune employees, we thank Eddy Hartenstein for his tremendous leadership and outstanding service to the company during the past six years."

As President and CEO of New York Public Radio, Walker oversees one of the largest public radio franchises in the country, comprised of eight radio stations, including WNYC, the nation's most listened to talk/news public radio station and WQXR, New York City's classical music station. It also produces a range of live news, cultural and musical programming in its state-of-the-art events venue, The Jerome L. Greene Performance Space. NYPR produces a portfolio of award-winning radio, digital and live content that reaches an audience of 14.2 million monthly. Under Walker's leadership, NYPR has developed groundbreaking programming that has changed the sound of public radio, including Radiolab, Freakonomics Radio and The Takeaway, and has been honored with numerous awards, including seven George Foster Peabody Awards and two Alfred I. DuPont Columbia University Awards for its journalistic work.

Walker began her professional career as a journalist and producer at National Public Radio, where she received a Peabody Award for Broadcast Excellence. In 1983, she joined the staff of Carnegie Hall, where she launched the award-winning series AT&T Presents Carnegie Hall Tonight. She joined the Sesame Workshop (formerly Children's Television Workshop) in 1987, where for eight years she worked on programming and development initiatives, and led the organization's efforts to establish a cable television channel (now Noggin).

Walker sits on the New York Public Radio Board of Trustees and the boards of Saint Ann's School, the Women's Forum, Inc., the Yale Center for Customer Insights and the Hudson Square Business Improvement District. She is the Chair of the Station Resource Group. Previously, Walker sat on the Board of Advisors for the Yale School of Management and the Board of Directors for Public Radio International.

A summary outlining the final results of voting from the stockholder meeting including an amended and restated certificate of incorporation will be posted to the company's website, www.tribune.com.

ABOUT TRIBUNE MEDIA: Following the spin-off of its publishing businesses, Tribune Company (OTC:TRBAA) will operate under the name TRIBUNE MEDIA COMPANY, and be home to a diverse portfolio of television and digital properties driven by quality news, entertainment and sports programming. TRIBUNE MEDIA will be comprised of Tribune Broadcasting's 42 owned or operated local television stations reaching 50 million households, national entertainment network WGN America, available in 72 million households, Tribune Studios, and Tribune Digital Ventures, including the websites Zap2it and TVByTheNumbers, and Gracenote, one of the world's leading sources of TV and music metadata powering electronic program guides in televisions, automobiles and mobile devices. TRIBUNE MEDIA also includes Chicago's WGN-AM, the national multicast networks Antenna TV and THIS TV. Additionally, the company owns and manages a significant number of real estate properties across the U.S. and holds other strategic investments in media.

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