Tribune Publishing Announces Preliminary Voting Results for 2016 Annual Meeting of Shareholders

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CHICAGO--(BUSINESS WIRE)--

Tribune Publishing Co. TPUB today announced preliminary voting results from its Annual Meeting of shareholders held earlier today indicating that shareholders have elected all of the Company's nominees, including Messrs. Justin C. Dearborn, David E. Dibble, Michael W. Ferro Jr., Philip G. Franklin, Eddy W. Hartenstein, Richard A. Reck, and Donald Tang, and Ms. Carol Crenshaw. The directors have been elected to serve one-year terms ending at Tribune Publishing's annual meeting in 2017.

"We thank Tribune Publishing shareholders for their support as we continue to execute our strategic transformation and reposition the Company for long-term growth," said Chairman Michael Ferro. "We have a tremendous opportunity at Tribune as we move aggressively to implement the changes necessary to succeed in the current environment and today's results demonstrate that the majority of our voting shareholders agree. Our Board remains dedicated to acting in the best interests of all shareholders and executing on our strategic plan to create exceptional value for all stakeholders."

The full voting results for all of Tribune Publishing's proposals will be made publicly available after the inspector of election has certified the results.

Cautionary Statements Regarding Forward-Looking Statements

This press release contains 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 that involve risks and uncertainties, including, without limitation, statements regarding Tribune Publishing's expectations regarding its long-term growth, its implementation of changes, and its strategic plan. Statements containing words such as "may," "believe," "anticipate," "expect," "intend," "plan," "project," "will," "projections," "continue," "business outlook," "estimate," "outlook," or similar expressions constitute forward-looking statements. Differences in Tribune Publishing's actual results from those described in these forward-looking statements may result from actions taken by Tribune Publishing as well as from risks and uncertainties beyond Tribune Publishing's control. These risks and uncertainties include competition and other economic conditions including fragmentation of the media landscape and competition from other media alternatives; changes in advertising demand, circulation levels and audience shares; the Company's ability to develop and grow its online businesses; the Company's reliance on revenue from printing and distributing third-party publications; changes in newsprint prices; macroeconomic trends and conditions; the Company's ability to adapt to technological changes; the Company's ability to realize benefits or synergies from acquisitions or divestitures or to operate its businesses effectively following acquisitions or divestitures; the Company's success in implementing expense mitigation efforts; the Company's reliance on third-party vendors for various services; adverse results from litigation, governmental investigations or tax-related proceedings or audits; the Company's ability to attract and retain employees; the Company's ability to satisfy pension and other postretirement employee benefit obligations; changes in accounting standards; the effect of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the Company's indebtedness and ability to comply with debt covenants applicable to its debt facilities; the Company's ability to satisfy future capital and liquidity requirements; the Company's ability to access the credit and capital markets at the times and in the amounts needed and on acceptable terms; and other events beyond the Company's control that may result in unexpected adverse operating results. The Company's actual results could also be impacted by the other risks detailed from time to time in its publicly filed documents, including in Item 1A (Risk Factors) of its most recent Annual Report on Form 10-K, in its Quarterly Report on Form 10-Q and in other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

About Tribune Publishing:

Tribune Publishing Company TPUB is a diversified media and marketing-solutions company that delivers innovative experiences for audiences and advertisers across all platforms. The company's diverse portfolio of iconic news and information brands includes 11 award-winning major daily titles, more than 60 digital properties and more than 180 verticals in markets, including Los Angeles; San Diego; Chicago; South Florida; Orlando; Baltimore; Carroll County and Annapolis, Md.; Hartford, Conn.; Allentown, Pa., and Newport News, Va. Tribune Publishing also offers an array of customized marketing solutions, and operates a number of niche products, including Hoy, El Sentinel and VidaLatina, making Tribune Publishing the country's largest Spanish-language publisher. Tribune Publishing Company is headquartered in Chicago.

(TPUB-F)

Tribune Publishing Co.
Investor Contact:
Kimbre Neidhart, 469-528-9366
kneidhart@tribpub.com
or
Tom Germinario/Kristian Klein/Ed McCarthy, 212-269-5550
or
Press Contacts:
Dana Meyer, 312-222-3308
dmeyer@tribpub.com
or
Bryan Locke/Robin Weinberg/Jenny Gore, 312-895-4700

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Posted In: Press Releases
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