TRCO Tribune Media Company

On September 6, 2019, Tribune Media Company (the “Company”) caused to be delivered to the holders of the Company’s 5.875% Senior Notes Due 2022 (the “Notes”) a seventh supplemental conditional notice of redemption (the “Supplemental Notice”) relating to the full redemption of all of its issued and outstanding Notes (the “Redemption”), supplementing the conditional notice of redemption delivered to holders of the Notes on August 2, 2019 (the “Initial Notice”, and the Initial Notice as supplemented by the Supplemental Notice and as otherwise supplemented prior to the date hereof, the “Notice”). As set forth in the Supplemental Notice, the Company has elected to delay the Redemption of the Notes to September 11, 2019 (the “Redemption Date”). The redemption price for the Notes is equal to the sum of 101.469% of the principal amount of the Notes, plus accrued and unpaid interest, if any, on the Notes to (but not including) the Redemption Date (the “Redemption Price”).

The Company’s obligation to pay the Redemption Price on the Redemption Date is conditioned upon the consummation of the closing of the merger of Titan Merger Sub, Inc. (“Merger Sub”) with and into the Company, with the Company surviving the merger pursuant to an Agreement and Plan of Merger, dated as of November 30, 2018 (the “Merger Agreement”), among the Company, Merger Sub and Nexstar Media Group, Inc. (the “Condition”). In the Company’s discretion, the Redemption Date may be delayed until such time as the Condition is satisfied (or waived by the Company in its sole discretion). In the Company’s discretion, the Redemption may not occur and the Notice may be rescinded in the event that the Condition is not satisfied (or waived by the Company in its sole discretion) by the Redemption Date or by the Redemption Date so delayed. The closing of the merger is subject to a number of conditions. As a result, there can be no assurance that the Redemption will occur on the Redemption Date or at all.