TRIBUNE COMPANYTHIRD QUARTER RESULTS OF OPERATIONS (Unaudited)

(In thousands, except per share data)

2002 vs. 2001Adjusted

2002 Adjusted (B) Actual % Change

OPERATING REVENUES 1,340,494$ 1,275,498$ 1,275,498$ 5

OPERATING PROFIT BEFORE RESTRUCTURING CHARGES 322,190$ 207,171$ 148,723$ 56Restructuring Charges (C) - (130,656) (130,656) (100)

OPERATING PROFIT 322,190 76,515 18,067 NM

Net Loss on Equity Investments (27,595) (9,815) (12,555) NMInterest Expense, net (50,112) (60,813) (60,813) (18)

Income (Loss) Before Taxes and Non-Operating Items 244,483 5,887 (55,301) NM

Income Taxes Related to Operations (89,340) (2,844) 4,472 NM

Income (Loss) Before Non-Operating Items 155,143 3,043 (50,829) NM

Non-Operating Items:Gain (Loss) on Derivatives and Related Investments (D) 21,667 (91,250) (91,250) NMGain on Sales of Subsidiaries and Investments (E) 103,314 1,533 1,533 NMInvestment Write-Downs (2,334) (54,730) (54,730) (96)Other Non-Operating Gain 5,881 - - NM

Total Non-Operating Items 128,528 (144,447) (144,447) NM

Income Taxes Related to Non-Operating Items (46,866) 56,349 56,349 NM

NET INCOME (LOSS) 236,805 (85,055) (138,927) NM

Preferred Dividends, net of tax (6,578) (6,701) (6,701) (2)

Net Income (Loss) Attributable to Common Shares 230,227$ (91,756)$ (145,628)$ NM

EARNINGS (LOSS) PER SHARE Basic:

Before restructuring charges and non-operating items .49$ .26$ .07$ 88

Including restructuring charges and non-operating items .76$ (.31)$ (.49)$ NM

Diluted: Before restructuring charges and non-operating items (F) .46$ .24$ .07$ 92

Including restructuring charges and non-operating items (G) .71$ (.31)$ (.49)$ NM

DIVIDENDS PER COMMON SHARE .11$ .11$ .11$ -

Weighted Average Common Shares Outstanding (H) 302,343 297,527 297,527 2

THIRD QUARTER (A)

2001

Page 6

(A) 2002 quarter: July 1, 2002 to Sept. 29, 2002. (13 weeks)2001 quarter: July 2, 2001 to Sept. 30, 2001. (13 weeks)

(B) Adjusted results assume the provisions of Financial Accounting Standard ("FAS") No. 142, "Goodwill and Other IntangibleAssets," were effective Jan. 1, 2001, instead of Dec. 31, 2001. FAS 142 eliminates the amortization of goodwill and certainother intangible assets. As a result, third quarter 2001 amortization was reduced from $61.0 million to an adjusted $2.6 million.In addition, third quarter 2001 equity losses decreased from $12.6 million to an adjusted $9.8 million due to the adoption ofthis new standard by the Company's equity method investees. Also, due to the reduced amortization expense, most of which isnon-deductible, third quarter 2001 income tax expense decreased from a $60.8 million benefit to an adjusted $53.5 million benefit. In total, third quarter 2001 diluted EPS, before restructuring charges and non-operating items, increased from $.07 to an adjusted $.24.

(C) In the third quarter of 2001, the Company recorded pretax restructuring charges of $130.7 million ($79.7 million after-tax)primarily for various cost reduction initiatives, which reduced adjusted diluted earnings per share by $.25.

(D) Gain (loss) on derivatives and related investments relates primarily to the net change in fair values of the Company'sPHONES derivatives and related AOL Time Warner shares.

(E) In the third quarter of 2002, gain on sales of subsidiaries and investments of $103.3 million ($63.2 million after-tax) relates primarilyto the divestiture of two Denver radio stations, KOSI-FM and KEZW-AM, which were exchanged for the assets of two televisionstations, WTTV, Indianapolis, and its satellite station WTTK, Kokomo, Indiana, from Sinclair Broadcast Group.

(F) For 2002 and adjusted 2001, diluted EPS before restructuring charges and non-operating items was computed assuming that the Series B convertible preferred shares and the LYONs debt securities were converted into common shares.Also, weighted average common shares outstanding was adjusted for the dilutive effect of stock options. For actual2001, the Company's stock options and convertible securities were not included in the calculation of dilutedEPS because their effects were antidilutive. The Company has certain other convertible securities which werenot included in the calculation of diluted EPS because their effects were antidilutive. Following are the calculations for the third quarter:

2002 Adjusted Actual

Income (loss) before non-operating items 155,143$ 3,043$ (50,829)$ Add back restructuring charges, net of tax - 79,687 79,687 Additional ESOP contribution required assuming Series B preferred shares were converted, net of tax (2,165) (2,574) - Dividends for Series B, C, D-1 and D-2 preferred stock (2,112) (2,014) (6,701) LYONs interest expense, net of tax 1,541 1,537 - Adjusted income before restructuring charges and non-operating items 152,407$ 79,679$ 22,157$

Weighted average common shares outstanding 302,343 297,527 297,527 Assumed conversion of Series B preferred shares into common 16,945 18,267 - Assumed exercise of stock options, net of common shares assumed repurchased 5,136 5,423 - Assumed conversion of LYONs debt securities 7,014 7,272 - Adjusted weighted average common shares outstanding 331,438 328,489 297,527

Diluted earnings per share before restructuring charges and non-operating items .46$ .24$ .07$

Third Quarter2001

Page 7

(G) Following is a reconciliation of income before restructuring charges and non-operating items to net income:

DilutedNet Income EPS

Income before non-operating items 155,143$ .46$ Non-operating items, net of tax 81,662 .25Net income 236,805$ .71$

Adjusted Adjusted Actual ActualNet Income (Loss) Diluted EPS Net Income (Loss) Diluted EPS

Income before restructuring charges and non-operating items 82,730$ .24$ 28,858$ .07$ Restructuring charges, net of tax (79,687) (.25) (79,687) (.26)Non-operating items, net of tax (88,098) (.30) (88,098) (.30)Net loss (85,055)$ (.31)$ (138,927)$ (.49)$

(H) The number of common shares outstanding, in thousands, at Sept. 29, 2002 was 303,087.

Third Quarter 2001

Third Quarter 2002

Page 8

TRIBUNE COMPANYTHREE QUARTERS RESULTS OF OPERATIONS (Unaudited)

(In thousands, except per share data)

2002 vs. 2001Adjusted

2002 Adjusted (B) Actual % Change

OPERATING REVENUES 3,954,685$ 3,935,509$ 3,935,509$ -

OPERATING PROFIT BEFORE RESTRUCTURING CHARGES 916,966$ 763,547$ 590,128$ 20Restructuring Charges (C) (27,253) (145,000) (145,000) (81)

OPERATING PROFIT 889,713 618,547 445,128 44

Net Loss on Equity Investments (51,903) (40,182) (48,417) 29Interest Expense, net (154,814) (186,952) (186,952) (17)

Income Before Taxes and Non-Operating Items 682,996 391,413 209,759 74

Income Taxes Related to Operations (260,415) (154,835) (121,950) 68

Income Before Non-Operating Items and Cumulative Effect of Changein Accounting Principle 422,581 236,578 87,809 79

Non-Operating Items:Loss on Derivatives and Related Investments (D) (122,801) (49,487) (49,487) NMGain on Sales of Subsidiaries and Investments (E) 109,547 1,975 1,975 NMInvestment Write-Downs (9,869) (89,318) (89,318) (89)Other Non-Operating Gain 5,881 - - NM

Total Non-Operating Items (17,242) (136,830) (136,830) (87)

Income Taxes Related to Non-Operating Items 9,693 53,377 53,377 (82)

Income Before Cumulative Effect of Change in Accounting Principle 415,032 153,125 4,356 NM

Cumulative Effect of Change in Accounting Principle, net of tax (F) (165,587) - - NM

NET INCOME 249,445 153,125 4,356 63

Preferred Dividends, net of tax (19,699) (20,100) (20,100) (2)

Net Income (Loss) Attributable to Common Shares 229,746$ 133,025$ (15,744)$ 73

EARNINGS (LOSS) PER SHARE Basic:

Before restructuring charges and non-operating items 1.39$ 1.02$ .52$ 36

Including restructuring charges and non-operating items 1.31$ .45$ (.05)$ NM Cumulative effect of change in accounting principle, net (.55) - - NM Total .76$ .45$ (.05)$ 69

Diluted: Before restructuring charges and non-operating items (G) 1.30$ .96$ .50$ 35

Including restructuring charges and non-operating items 1.23$ .43$ (.05)$ NM Cumulative effect of change in accounting principle, net (.50) - - NM Total (H) .73$ .43$ (.05)$ 70

DIVIDENDS PER COMMON SHARE .33$ .33$ .33$ -

Weighted Average Common Shares Outstanding (I) 300,915 298,472 298,472 1

THREE QUARTERS (A)

2001

Page 9

(A) 2002 first three quarters: Dec. 31, 2001 to Sept. 29, 2002. (39 weeks)2001 first three quarters: Jan. 1, 2001 to Sept. 30, 2001. (39 weeks)

(B) Adjusted results assume the provisions of Financial Accounting Standard ("FAS") No. 142, "Goodwill and Other IntangibleAssets," were effective Jan. 1, 2001, instead of Dec. 31, 2001. FAS 142 eliminates the amortization of goodwill and certainother intangible assets. As a result, the first three quarters 2001 amortization was reduced from $180.4 million to an adjusted $7.0 million.In addition, three quarters 2001 equity losses decreased from $48.4 million to an adjusted $40.2 million due to the adoption ofthis new standard by the Company's equity method investees. Also, due to the reduced amortization expense, most of which isnon-deductible, three quarters 2001 income tax expense increased from $68.6 million to an adjusted $101.5 million. In total, threequarters 2001 diluted EPS, before non-operating items and restructuring charges, increased from $.50 to an adjusted $.96.

(C) In the first quarter of 2002, the Company recorded pretax restructuring charges of $27.3 million ($16.7 million after-tax)primarily for various cost reduction initiatives, which reduced diluted earnings per share by $.05. In the first threequarters of 2001, the Company recorded pretax restructuring charges of $145.0 million ($88.4 million after-tax), whichreduced adjusted diluted earnings per share by $.27.

(D) Loss on derivatives and related investments relates primarily to the net change in fair values of the Company'sPHONES derivatives and related AOL Time Warner shares.

(E) In the first three quarters of 2002, gain on sales of subsidiaries and investments of $109.5 million ($67.0 million after-tax) relates primarily to the divestiture of two Denver radio stations, KOSI-FM and KEZW-AM, which were exchanged for the assets of two televisionstations, WTTV, Indianapolis, and its satellite station WTTK, Kokomo, Indiana, from Sinclair Broadcast Group.

(F) As a result of initially applying the new impairment provisions of FAS 142, the Company recorded a pretax charge of $271million ($166 million after-tax) in the first quarter of 2002, which decreased diluted EPS by $.50. This cumulative effect relates to certain of the Company's newspaper mastheads, a FCC license and a television network affiliation agreement.

(G) For 2002 and adjusted 2001, diluted EPS before restructuring charges, non-operating items and the cumulative effect of change in accounting principle was computed assuming that the Series B convertible preferred shares and the LYONs debt securities were converted into common shares. Also, weighted average common shares outstanding was adjusted for the dilutive effect of stock options. For actual 2001, the conversion of the LYONs debt securities was not assumed because their effect was antidilutive.The Company has certain other convertible securities which were not included in the calculation of diluted EPS becausetheir effects were antidilutive. Following are the calculations for the first three quarters:

2002 Adjusted ActualIncome before non-operating items and the cumulative effect of change in accounting principle 422,581$ 236,578$ 87,809$ Add back restructuring charges, net of tax 16,679 88,436 88,436 Additional ESOP contribution required assuming Series B preferred shares were converted, net of tax (7,123) (7,803) (7,803) Dividends for Series C, D-1 and D-2 preferred stock (6,142) (6,042) (6,042) LYONs interest expense, net of tax 4,666 4,577 - Adjusted income before restructuring charges, non-operating items and the cumulative effect of change in accounting principle 430,661$ 315,746$ 162,400$

Weighted average common shares outstanding 300,915 298,472 298,472 Assumed conversion of Series B preferred shares into common 16,945 18,267 18,267 Assumed exercise of stock options, net of common shares assumed repurchased 6,083 6,224 6,224 Assumed conversion of LYONs debt securities 7,122 7,272 - Adjusted weighted average common shares outstanding 331,065 330,235 322,963

Diluted earnings per share before restructuring charges, non-operating items and the cumulative effect of change in accounting principle 1.30$ .96$ .50$

Three Quarters2001

Page 10

(H) Following is a reconciliation of income before restructuring charges, non-operating items and the cumulative effect of changein accounting principle to net income:

DilutedNet Income EPS

Income before restructuring charges, non-operating items and the cumulative effect of change in accounting principle 439,260$ 1.30$ Restructuring charges, net of tax (16,679) (.05)Non-operating items, net of tax (7,549) (.02)Cumulative effect of change in accounting principle, net of tax (165,587) (.50)Net income 249,445$ .73$

Adjusted Adjusted Actual ActualNet Income Diluted EPS Net Income Diluted EPS

Income before restructuring charges and non-operating items 325,014$ .96$ 176,245$ .50$ Restructuring charges, net of tax (88,436) (.27) (88,436) (.28)Non-operating items, net of tax (83,453) (.26) (83,453) (.27)Net income 153,125$ .43$ 4,356$ (.05)$

(I) The number of common shares outstanding, in thousands, at Sept. 29, 2002 was 303,087.

Three Quarters 2002

Three Quarters 2001

Page 11

TRIBUNE COMPANYBUSINESS SEGMENT DATA (Unaudited)

(In thousands)

2002 vs. 2001Adjusted

2002 Adjusted (A) Actual % ChangePUBLISHING

Operating Revenues 927,006$ 906,500$ 906,500$ 2Cash Operating Expenses (B) (689,410) (740,180) (740,180) (7)EBITDA before Restructuring Charges (C) 237,596 166,320 166,320 43

Operating Profit before Restructuring Charges 195,547 127,501 89,483 53Restructuring Charges - (122,500) (122,500) NM Total Operating Profit (Loss) 195,547$ 5,001$ (33,017)$ NM

BROADCASTING AND ENTERTAINMENTOperating Revenues Television 309,953$ 273,943$ 273,943$ 13 Radio/Entertainment 83,551 79,943 79,943 5 Total Operating Revenues 393,504 353,886 353,886 11

Cash Operating Expenses (B) Television (177,975) (177,346) (177,346) - Radio/Entertainment (67,632) (69,940) (69,940) (3) Total Cash Operating Expenses (245,607) (247,286) (247,286) (1)

EBITDA before Restructuring Charges (C) Television 131,978 96,597 96,597 37 Radio/Entertainment 15,919 10,003 10,003 59 Total EBITDA before Restructuring Charges 147,897 106,600 106,600 39

Operating Profit Television 122,112 86,004 67,433 42 Radio/Entertainment 14,388 8,785 8,682 64 Total before Restructuring Charges 136,500 94,789 76,115 44 Restructuring Charges - (4,190) (4,190) NM Total Operating Profit 136,500$ 90,599$ 71,925$ 51

INTERACTIVEOperating Revenues 19,984$ 15,112$ 15,112$ 32Cash Operating Expenses (B) (15,064) (19,234) (19,234) (22)EBITDA before Restructuring Charges (C) 4,920 (4,122) (4,122) NM

Operating Profit (Loss) before Restructuring Charges 3,516 (5,391) (7,147) NM Restructuring Charges - (2,551) (2,551) NM Total Operating Profit (Loss) 3,516$ (7,942)$ (9,698)$ NM

CORPORATE EXPENSESEBITDA before Restructuring Charges (C) (12,707)$ (9,168)$ (9,168)$ 39

Operating Loss before Restructuring Charges (13,373) (9,728) (9,728) 37Restructuring Charges - (1,415) (1,415) NM Total Operating Loss (13,373)$ (11,143)$ (11,143)$ 20

CONSOLIDATEDOperating Revenues 1,340,494$ 1,275,498$ 1,275,498$ 5Cash Operating Expenses (B) (962,788) (1,015,868) (1,015,868) (5)EBITDA before Restructuring Charges (C) 377,706 259,630 259,630 45

Operating Profit before Restructuring Charges 322,190 207,171 148,723 56Restructuring Charges - (130,656) (130,656) NM Total Operating Profit 322,190$ 76,515$ 18,067$ NM

(A) Adjusted results assume the provisions of Financial Accounting Standard ("FAS") No. 142 wereeffective Jan. 1, 2001. FAS 142 eliminates the amortization of goodwill and certain other intangible assets.

(B) Cash operating expenses exclude restructuring charges.(C) EBITDA is earnings before interest, taxes, depreciation, amortization of intangible assets, equity

results and non-operating items.

THIRD QUARTER

2001

Page 12

TRIBUNE COMPANYBUSINESS SEGMENT DATA (Unaudited)

(In thousands)

2002 vs. 2001Adjusted

2002 Adjusted (A) Actual % ChangePUBLISHING

Operating Revenues 2,824,259$ 2,861,196$ 2,861,196$ (1)Cash Operating Expenses (B) (2,092,546) (2,233,424) (2,233,424) (6)EBITDA before Restructuring Charges (C) 731,713 627,772 627,772 17

Operating Profit before Restructuring Charges 606,433 509,408 396,595 19Restructuring Charges (24,760) (135,944) (135,944) (82)Total Operating Profit 581,673$ 373,464$ 260,651$ 56

BROADCASTING AND ENTERTAINMENTOperating Revenues Television 882,154$ 851,334$ 851,334$ 4 Radio/Entertainment 190,616 179,799 179,799 6 Total Operating Revenues 1,072,770 1,031,133 1,031,133 4

Cash Operating Expenses (B) Television (530,628) (524,399) (524,399) 1 Radio/Entertainment (168,891) (165,304) (165,304) 2 Total Cash Operating Expenses (699,519) (689,703) (689,703) 1

EBITDA before Restructuring Charges (C) Television 351,526 326,935 326,935 8 Radio/Entertainment 21,725 14,495 14,495 50 Total EBITDA before Restructuring Charges 373,251 341,430 341,430 9

Operating Profit Television 321,917 296,431 241,412 9 Radio/Entertainment 17,107 10,930 10,617 57 Total before Restructuring Charges 339,024 307,361 252,029 10 Restructuring Charges (1,087) (4,357) (4,357) (75) Total Operating Profit 337,937$ 303,004$ 247,672$ 12

INTERACTIVEOperating Revenues 57,656$ 43,180$ 43,180$ 34Cash Operating Expenses (B) (48,719) (59,435) (59,435) (18)EBITDA before Restructuring Charges (C) 8,937 (16,255) (16,255) NM

Operating Profit (Loss) before Restructuring Charges 4,702 (20,310) (25,584) NM Restructuring Charges (163) (2,917) (2,917) (94)Total Operating Profit (Loss) 4,539$ (23,227)$ (28,501)$ NM

CORPORATE EXPENSESEBITDA before Restructuring Charges (C) (31,327)$ (30,764)$ (30,764)$ 2

Operating Loss before Restructuring Charges (33,193) (32,912) (32,912) 1Restructuring Charges (1,243) (1,782) (1,782) (30)Total Operating Loss (34,436)$ (34,694)$ (34,694)$ (1)

CONSOLIDATEDOperating Revenues 3,954,685$ 3,935,509$ 3,935,509$ - Cash Operating Expenses (B) (2,872,111) (3,013,326) (3,013,326) (5)EBITDA before Restructuring Charges (C) 1,082,574 922,183 922,183 17

Operating Profit before Restructuring Charges 916,966 763,547 590,128 20Restructuring Charges (27,253) (145,000) (145,000) (81)Total Operating Profit 889,713$ 618,547$ 445,128$ 44

(A) Adjusted results assume the provisions of Financial Accounting Standard ("FAS") No. 142 wereeffective Jan. 1, 2001. FAS 142 eliminates the amortization of goodwill and certain other intangible assets.

(B) Cash operating expenses exclude restructuring charges.(C) EBITDA is earnings before interest, taxes, depreciation, amortization of intangible assets, equity

results and non-operating items.

THREE QUARTERS

2001

Page 13

TRIBUNE COMPANY SUMMARY OF REVENUES (Unaudited)

(In thousands)

Third Quarter (13 weeks) Year-to-Date (39 weeks) % %

2002 2001 Change 2002 2001 ChangePublishing

Advertising Retail 293,654$ 275,443$ 7 889,034$ 872,095$ 2 National 157,988 149,955 5 503,588 499,762 1 Classified 248,808 256,759 (3) 750,150 824,109 (9)

Sub-Total 700,450 682,157 3 2,142,772 2,195,966 (2) Circulation 165,906 164,424 1 501,450 494,707 1 Other 60,650 59,919 1 180,037 170,523 6

Segment Total (A) (B) 927,006 906,500 2 2,824,259 2,861,196 (1)

Broadcasting & EntertainmentTelevision (C) 309,953 273,943 13 882,154 851,334 4 Radio/Entertainment 83,551 79,943 5 190,616 179,799 6

Segment Total (D) 393,504 353,886 11 1,072,770 1,031,133 4

Interactive 19,984 15,112 32 57,656 43,180 34

Consolidated Revenues (E) 1,340,494$ 1,275,498$ 5 3,954,685$ 3,935,509$ -

(A) Publishing revenues for 2001 have been reclassified to conform with the 2002 presentation. There was no effect on total revenues.(B) Includes Virginia Gazette , acquired in February 2001, TV Data, acquired in May 2001 andChicago magazine, acquired in July 2002.

Excluding these acquisitions, publishing revenues increased 2% for the quarter and decreased 2% for the year-to-date. Excluding these acquisitions, retail revenues increased 6% for the quarter and 2% for the year-to-date. Excluding these acquisitions, total advertising revenuesincreased 2% for the quarter and decreased 3% for the year-to-date.

(C) Includes Tower Distribution (formerly United Video), WGN Cable's distribution entity, which was acquired in April 2001, WTXX-Hartford, acquired in August 2001 and WTTV-Indianapolis, acquired in July 2002. Excluding these acquisitions, television revenues increased 12% for the quarter and 2% for the year-to-date. Third quarter includes copyright royalties of $1.1 million in 2002 and $10.8 million in 2001. Year-to-date includes copyright royalties of $3.1 million in 2002 and $28.9 million in 2001. Excluding acquisitions and copyright royalties, television revenues increased 16% for the quarter and 5% for the year-to-date.

(D) Excluding acquisitions and copyright royalties, broadcasting and entertainment revenues increased 13% for the quarter and 5% for theyear-to-date.

(E) Excluding acquisitions and copyright royalties, consolidated revenues increased 5% for the quarter and were flat for the year-to-date.

14

For Third Quarter Ended September 29, 2002

Third Quarter (13 weeks) Year-to-Date (39 weeks)

% %2002 2001 Change 2002 2001 Change

Full RunL.A. Times 595 621 (4) 1,850 1,970 (6) Chicago Tribune 542 515 5 1,589 1,616 (2) Newsday 394 412 (4) 1,192 1,260 (5) Other Daily Newspapers (B) 3,293 3,345 (2) 9,958 10,318 (3) Total 4,824 4,893 (1) 14,589 15,164 (4)

Part RunL.A. Times 1,461 1,320 11 4,202 3,790 11 Chicago Tribune 1,432 1,404 2 4,060 4,208 (4) Newsday 404 386 5 1,252 1,220 3 Other Daily Newspapers (B) 1,442 1,432 1 4,548 4,552 -Total 4,739 4,542 4 14,062 13,770 2

Total Advertising Inches

Full Run Retail 1,436 1,468 (2) 4,409 4,663 (5) National 774 768 1 2,434 2,473 (2) Classified 2,614 2,657 (2) 7,746 8,028 (4) Sub-Total 4,824 4,893 (1) 14,589 15,164 (4)

Part Run 4,739 4,542 4 14,062 13,770 2 Total 9,563 9,435 1 28,651 28,934 (1)

Preprint Pieces L.A. Times 453,766 423,812 7 1,379,863 1,298,489 6 Chicago Tribune 727,395 636,926 14 2,205,149 1,944,145 13 Newsday 670,612 628,951 7 1,994,581 1,956,250 2 Other Daily Newspapers (B) 860,946 776,025 11 2,614,486 2,425,396 8 Total 2,712,719 2,465,714 10 8,194,079 7,624,280 7

(A) Volume for 2001 has been modified to conform with the 2002 presentation. Volume is based on preliminary internal data,

which may be updated in subsequent reports. Advertising volume is presented only for daily newspapers.(B) Other daily newspapers include The Baltimore Sun, South Florida Sun-Sentinel, Orlando Sentinel, The Hartford Courant, The

Morning Call, Daily Press, The Advocate and Greenwich Time.

(In thousands)

15

TRIBUNE COMPANY SUMMARY OF NEWSPAPER ADVERTISING VOLUME (Unaudited) (A)

For Third Quarter Ended September 29, 2002

TRIBUNE COMPANY SUMMARY OF REVENUES (Unaudited)

(In thousands)

Period 9 (4 weeks) Year-to-Date (39 weeks) % %

2002 2001 Change 2002 2001 ChangePublishing

Advertising Retail 94,984$ 87,164$ 9 889,034$ 872,095$ 2 National 52,629 48,853 8 503,588 499,762 1 Classified 81,330 80,641 1 750,150 824,109 (9)

Sub-Total 228,943 216,658 6 2,142,772 2,195,966 (2) Circulation 53,002 52,046 2 501,450 494,707 1 Other 20,783 19,446 7 180,037 170,523 6

Segment Total (A) (B) 302,728 288,150 5 2,824,259 2,861,196 (1)

Broadcasting & EntertainmentTelevision (C) 102,406 86,871 18 882,154 851,334 4 Radio/Entertainment 23,903 22,427 7 190,616 179,799 6

Segment Total (D) 126,309 109,298 16 1,072,770 1,031,133 4

Interactive 6,508 5,311 23 57,656 43,180 34

Consolidated Revenues (E) 435,545$ 402,759$ 8 3,954,685$ 3,935,509$ -

(A) Publishing revenues for 2001 have been reclassified to conform with the 2002 presentation. There was no effect on total revenues.(B) Includes Virginia Gazette , acquired in February 2001, TV Data, acquired in May 2001 andChicago magazine, acquired in July 2002.

Excluding these acquisitions, publishing revenues increased 5% for the period and decreased 2% for the year-to-date. Excluding these acquisitions, retail revenues increased 8% for the period and 2% for the year-to-date. Excluding these acquisitions, total advertising revenuesincreased 5% for the period and decreased 3% for the year-to-date.

(C) Includes Tower Distribution (formerly United Video), WGN Cable's distribution entity, which was acquired in April 2001, WTXX-Hartford, acquired in August 2001 and WTTV-Indianapolis, acquired in July 2002. Excluding these acquisitions, television revenues increased 16% for the period and 2% for the year-to-date. Period 9 includes copyright royalties of $0.3 million in 2002 and $10.8 million in 2001. Year-to-date includes copyright royalties of $3.1 million in 2002 and $28.9 million in 2001. Excluding acquisitions and copyrightroyalties, television revenues increased 32% for the period and 5% for the year-to-date.

(D) Excluding acquisitions and copyright royalties, broadcasting and entertainment revenues increased 26% for the period and 5% for theyear-to-date.

(E) Excluding acquisitions and copyright royalties, consolidated revenues increased 10% for the period and were flat for the year-to-date.

16

For Period 9 Ended September 29, 2002

Period 9 (4 weeks) Year-to-Date (39 weeks)

% %2002 2001 Change 2002 2001 Change

Full RunL.A. Times 186 196 (5) 1,850 1,970 (6) Chicago Tribune 185 162 14 1,589 1,616 (2) Newsday 129 126 2 1,192 1,260 (5) Other Daily Newspapers (B) 1,064 1,037 3 9,958 10,318 (3) Total 1,564 1,521 3 14,589 15,164 (4)

Part RunL.A. Times 455 430 6 4,202 3,790 11 Chicago Tribune 490 465 5 4,060 4,208 (4) Newsday 131 119 10 1,252 1,220 3 Other Daily Newspapers (B) 458 442 4 4,548 4,552 -Total 1,534 1,456 5 14,062 13,770 2

Total Advertising Inches Full Run

Retail 470 462 2 4,409 4,663 (5) National 261 240 9 2,434 2,473 (2) Classified 833 819 2 7,746 8,028 (4) Sub-Total 1,564 1,521 3 14,589 15,164 (4)

Part Run 1,534 1,456 5 14,062 13,770 2 Total 3,098 2,977 4 28,651 28,934 (1)

Preprint Pieces L.A. Times 132,811 123,065 8 1,379,863 1,298,489 6 Chicago Tribune 232,175 195,769 19 2,205,149 1,944,145 13 Newsday 202,462 193,936 4 1,994,581 1,956,250 2 Other Daily Newspapers (B) 277,837 240,898 15 2,614,486 2,425,396 8 Total 845,285 753,668 12 8,194,079 7,624,280 7

(A) Volume for 2001 has been modified to conform with the 2002 presentation. Volume is based on preliminary internal data,

which may be updated in subsequent reports. Advertising volume is presented only for daily newspapers.(B) Other daily newspapers include The Baltimore Sun, South Florida Sun-Sentinel, Orlando Sentinel, The Hartford Courant, The

Morning Call, Daily Press, The Advocate and Greenwich Time.

(In thousands)

17

TRIBUNE COMPANY SUMMARY OF NEWSPAPER ADVERTISING VOLUME (Unaudited) (A)

For Period 9 Ended September 29, 2002