TRIBUNE MEDIA COMPANY (NYSE:TRCO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item5.02

On January24, 2017, Peter Liguori, President, Chief Executive
Officer and Director of Tribune Media Company (the Company),
notified the Company of his decision to resign from his positions
as President and Chief Executive Officer and member of the Board
of Directors (the Board) of the Company, effective immediately
following the Companys earnings release and investor call in
connection with its release of results for the fourth quarter and
fiscal year ended December31, 2016, which is expected to occur on
or shortly after February28, 2017.

to a Separation Agreement, dated January24, 2017, between the
Company and Mr.Liguori, Mr.Liguori will receive the compensation
and benefits payable under his Employment Agreement, dated
January1, 2016 (the Employment Agreement), for a termination of
employment for Good Reason (as such term is defined in the
Employment Agreement). Additionally, the parties agreed to limit
the scope of Mr.Liguoris non-compete to reflect changes in the
Companys business since January1, 2016. The Company has commenced
a search for a successor to Mr.Liguori as Chief Executive
Officer.

Effective the date of Mr.Liguoris resignation, Peter M. Kern, age
49, a current member of the Board, will commence serving as the
Interim Chief Executive Officer of the Company and is expected to
serve in such capacity until a successor for Mr.Liguori is
appointed. Mr.Kern is a Managing Partner of InterMedia Partners
VII, LP, a private equity firm. Prior to joining InterMedia,
Mr.Kern was Senior Managing Director and Principal of Alpine
Capital LLC. Prior to Alpine Capital, Mr.Kern founded Gemini
Associates in 1996 and served as President from its inception
through its merger with Alpine Capital in 2001. Prior to founding
Gemini Associates, Mr.Kern was at the Home Shopping Network and
Whittle Communications. Since April 2013, Mr.Kern has served as
chairman of the board of directors of Hemisphere Media Group,
Inc., a publicly-traded Spanish-language media company. Mr.Kern
also serves on the boards of Expedia, Inc., Trivago N.V. and a
number of private companies.

A copy of the Companys press release regarding these events is
attached hereto as Exhibit 99.1.

About TRIBUNE MEDIA COMPANY (NYSE:TRCO)

Tribune Media Company is a diversified media and entertainment business. The Company consists of approximately 40 television stations to which it provides certain services, along with a national general entertainment television network, a radio station, a production studio, its digital and data business, a portfolio of real estate assets and investments in a range of media, Websites and other related assets. It operates through two segments: Television and Entertainment, which provides audiences across the country with news, entertainment and sports programming on Tribune Broadcasting local television stations, and television series and movies on WGN America, including through content produced by Tribune Studios and its production partners, as well as news, entertainment and sports information through its Websites and other digital assets, and Digital and Data, which provides technology and services that collect and distribute video, music, sports and entertainment data.

TRIBUNE MEDIA COMPANY (NYSE:TRCO) Recent Trading Information

TRIBUNE MEDIA COMPANY (NYSE:TRCO) closed its last trading session up +0.25 at 28.98 with 803,780 shares trading hands.