BENEFITS UPON TERMINATION FOR FULL-TIME EMPLOYEES

Continuation of Health Care Coverage

Your health care coverage (medical, dental and vision) will end on your termination date. Below
are several options for eligible individuals to continue health care coverage after termination.
You may select one of these options, based on your eligibility.

• COBRA: You may be eligible to continue your medical, dental and vision coverage under
the COBRA continuation provisions. If you are currently enrolled in any of these plans,
information explaining this option will be mailed to you after your termination date. Please
read the material carefully and note the deadline for application. Contact Ceridian at (800)
877-7994 if you have questions or the Tribune Benefits Service Center at
(800) 872-2222 if you don’t receive COBRA information within 2-3 weeks of your
termination date.

Retiree Medical Plan: Retiree medical coverage is generally available to full-time employees
currently enrolled in a medical plan and hired before January 1, 1993 who retire at or after age
55 with at least 10 years of continuous, active, full-time service. The deadline to enroll is 30
days from your date of retirement. Contact Benefits Service Center at (800) 872-2222.

Continuation of Reimbursement Accounts

If you are enrolled in the Dependent Care Reimbursement account, you can continue to access
your account balance, even though you are not continuing contributions after your termination
date, through the end of the year. If you are enrolled in the Health Care Reimbursement account,
you can only access your account balance for expenses incurred prior to your termination date,
or you can continue to make contributions through COBRA and access your account through the
end of the year. All bills for the Reimbursement accounts must be submitted prior to April 1st of
the following year.

Continuation of Life Insurance

If you are interested in the conversion or portability options pertaining to your basic life,
supplemental life, or dependent life coverage, the Benefits Service Center will be mailing you
information about these options 2-3 weeks after the termination of your status as a full-time
employee.

Long Term Care Coverage

If you are a participant in the Long-Term Care plan and wish to continue your coverage, you
need to contact John Hancock directly at (800) 870-6206.

Savings Plus Plan

If you are a participant in the Times Mirror Savings Plus Plan, you may elect to withdraw or
rollover your account balances after your termination date. Contact Hewitt Retirement Center at
(800) 872-2222 (option 1) if you have any questions.

over
Pension / Employee Stock Ownership Plan
If you are vested in the Times Mirror Pension Plan or Employee Stock Ownership Plan (ESOP),
you will receive information on your benefits within two months after your termination date. At
that time, you can elect to withdraw any available single sum amounts. In addition, if you are at
least age 55, you can elect to begin receiving a monthly benefit immediately following your
termination date. Please note that if you withdraw any single sum amounts from the Pension
Plan or ESOP or commence your monthly pension benefit while you are receiving Long-Term
Disability (LTD) benefits, your LTD benefit will be reduced by the value of your retirement
benefit. You do have the option to delay receipt of your retirement benefits. Contact Hewitt
Retirement Center at (800) 872-2222, (option 1) if you have any questions.

Stock Option Grants

Once you terminate, you will have until the expiration date of the grant to exercise the Times
Mirror options you converted to Tribune options. “Exercising” your option means that you
decide to purchase the shares at the grant price. If you do not exercise your options by the
expiration date, they will be forfeited. To exercise your options, call Merrill Lynch (888) 872-
5175.

If you have received Tribune Company stock options, you must exercise these options on or
before your last day of employment. If you do not exercise your options before your termination
date, they will be cancelled. To receive more information about how to exercise your Tribune
options, please contact Merrill Lynch at (888) 872-5175.

Employee Stock Purchase Plan

You may request a full distribution of your ESPP shares when you leave the company, or you
may defer receipt until a later date. Call ComputerShare for information or to request
distribution at (866) 571-2091.

Revised as of 11/15/2005