On August 21, 2007, Shareholders of Tribune Company (“TRB”) voted concerning the proposed merger with Tesop Corporation, a corporation wholly owned by the Tribune Employee Stock Ownership Plan, and EGI-TRB, L.L.C., a company wholly owned by a trust established for the benefit of Samuel Zell. The merger was approved and subsequently consummated on December 20, 2007. As a result, each existing TRB Common Share will be converted into the right to receive $34.00 net cash per share.

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