Bank of America - Epiq 11

Obligor Name:Obligor Gel #:Country of Domicile:Risk Rating Scorecard:Prepared By:Date Prepared:

TRIBUNE COMPANY005161542USMedia MFAJEFFREY MILLS3/27/2007

Date Printed: 3/26/2007 Transaction 10; 758654 of 7

HIGHLY CONFIDENTIAL - ATTORNEYS' EYES ONLY BOA-TRB-0001845

RISK RATING DETAIL REPORT

What If Bank of America

Higher Standards

3c,5i c.cerc,PL- 2c

Obligor Risk Rating Summary

ORR DP RANGE (%)Existing ORR 5 0.45% - 0.58%Scorecard Of2R 0.73% - 0.93%Override ORRReason for OverrideOverride Comments

Financial Statement Information (All Financial Statements are in 1,000 of USD)The period-end conversion rate Is 1 and the average conversion rate is 1

Financial Statement Name TRIBUNE COMPANYFinancial Statement Gel 005151542Relationship to Obligor SameData Source MFAStatement Combination Method Latest FYE and Prior FYE

CURRENT PRIOR FYE1 FYE2Statement Date 12/31/2007 12/31/2006Number of Months in Statement 12 12Audit Quality 10-K 10-KStatement lype Annual AnnualBalance SheetCash & Euuivalents 175,000 174,686 175,000 174,686Net Accounts Receivable 731,800 765,871 731,800 765,871Std. CPLTD 0 1,429,007 0 1,429,007Current Liabilities 1,094,900 2,546,714 1,094,900 2,546,714Std, Long Term Debt 9,436,000 3,576,211 9,436,000 3,576,211Stockholders' Equity 303,616 4,319,616 303,616 4,319,616Income StatementNet Sales 5,347,200 5,517,708 5,347,200 5,517,708Std. Operating Expenses 4,228,800 4,432,698 4,228,800 4,432,598Std. REI1T3A 1,354,000 1,392,796 1,354,000 1,392,796Depreciation 219,700 207,200 219,700 207,200Std. Amortization 20,000 19,819 20,000 19,813Std. EMT 1,114,300 1,165,783 1,114,300 1,165,783Interest Expense 658,600 273,902 658,600 273,902Net Income Tax 180,002 348,142 180,002 348,142

MFAQuestionRetneve financial statements from MFA or HSF?

lAnswer

What If

Bank of America

RISK RATING DETAIL REPORTHigher Standards

Obligor Name:Obligor GC, #:Country of Domicile:Risk Rating Scorecard:Prepared By:Date Prepared:

TRIBUNE COMPANY005161542USMedia - MFAJEFFREY MILLS3/27/2007

Background Questions

Risk Rating Scorecard InformationFinancial Factors Value Score Max. Score

Total Stockholders' Equity (in 1,000 of USD) 303,616 24 112Profitability 021 70 70

Leverage Slack .1.25 0 147Interest Covenage 0.70 63 119

Liquidity 0.83 70 126Sales Slack -0.05 . 35 126

Total Flnanclat Score 262 700Non-Financial Factors Value Score Max. Score

Performance Against Pro)ections E. Preiection analysts not required 55 60Merger/Acquisition Activity A. Consolidation complete & seamless 42 42

Distinct Products and/or Services A. Distinct prode/svcs, critical customer mass 43 43Met Payment Terms & Covenants A. Met all payment terms & covenants 39 39

Forewarned the Bank A. New management or no financial distress 30 30Refinancing Risk A. Low Risk 86 86

Total Non-Financial Score 295 300Total Score 557 1000

Date Printed: 3/26/2007 Transaction ID: 758654

of 7

HIGHLY CONFIDENTIAL - ATTORNEYS EYES ONLY BOA-TRB-0001846

Facility ID Number

Financial Reporting Unit

IIIIIIIIIIIIIIIIIIMMIMIIIIII

IIIIIIIMIIIMIIIIIIIIIIIIIIIIIIIIIIIIIIMIIIIIIIIII

0000100000387780001370145

MEDIA - DALLAS

Existing Facility RR /EL 4+

No

0.0006

SplitReason for FRR Override

Facility Detail 2Facility ID Number 0000100000387780001370151 Existing Facility RR / EL 4+ 0.0006Instrument Descriptioo Term Loan - Guarantor Adjusted RR 6+

.

Grass .Facility Amount.

86,686,047 Scorecard Facility RR/ El- 6-F 0.0025Currency USD Override Facility RR / ELGross Facility Amount (USD) 80,686,047 System of Record ACSSGrose Utilization Amount (USD) 64,709,302 Country of Risk USMaturity 6/26/2007 RBC Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Split NoReason for FRR Override -

What If

Bank of America


Obligor Name: TRIBUNE COMPANYObligor Gait; 005161542Risk Rating Scorecard: Media - MFADate Prepared: 3/27/2007

Facility Summary

IIFacility ID Number J17 Existing

FRROverride

FRRGuarantorImpact?

CollateralImpact?

lid

EllipMilCI

0000100000387780001370145 125,000,000 MEM 6+ 1111111111 No No No0000100000387780001370151 8 *686,047 =MN 6+ MIME No No No0000100000387780001367358 62,500,000 . 4+ illaillIMMIIII No No No

0051615421R01 26,0136,000. illill11111111111111111111111111011 No NoN/A

MEMUMnip 0051615421R01 0 4+ 6+ N/A5

MI005161542FX01 2,000,000 =I= 6+ MINIM No No Yes005161542F'01 0 4+ 6+ N/A N/A II=

No6 000100000516164290 21,000,000 4+ 6+ IMMO No No000100000516154201 180600 MEM 6+ MINN No No No

S 005161542FKSL 5,000,000 ME= 6+ No No No9 000100000516164277 25,000 Ma= 6+ No No No10

11111

U005161542ILT 115,368,174 =MI 6+ Min No No No005161542FXCL 10,000,000 .112.11111M111 No No No

Facility Detail I

Date Printed: 3/26/2007 Transaction ID: 758654 of 7


What If

Bank of America


Obligor Name: TRIBUNE COMPANYObligor GC! #: 005161542Risk Rating Scorecard: Media - lAFADate Prepared: 3/2712007

Facility Detail 3Facility ID Number 00001000003877800013673.58 Existing Facility RR / EL 44 0.0006Instil= rit Description Revoiving Credit Line Over yr tenor) Guarantor Adjusted RR 6+Gross Facility Amount 62,500,000 Scorecard Faculty RR I EL • 6+ 0.0025Currency USD Override Facility RR / ELGross Facility Amount (USD) 62,500,000 System of Record ACESGross Utilization Amount (USD) 5,833,333 Country of Risk USMaturity 6/2012011 REM Legal Stable CommittedFinancial Reporting Unit MEDIA - DALLAS Split NoReason for FRR Override

Facility Detail 4Facility ID Number 0051615421R01 Existing Facility RR I EL 4-+ 0.0006Instrument Description Derivative Limit Guarantor Adjusted RR 6+Gross Facility Amount 28,000,000 Scorecard Facility RR I EL 6+ 4.0025Currency USD Cyanide Facility RR I ELGross Facility Amount (IJSD) 28,000,000 System of Record CRTDVGross Utilization Amount (USD) 0 Country of Risk USMaturity 7/7/2012 -RISC Legal Status GuidanceFinancial Reporting Unit MEDIA- DALLAS Spilt i. YesReason for FRR Override

SplitFacility ID Number 005161542IR01 Existing Facility RR I EL 4+ 0.0006Instrument Description Derivative Limit —Guarantor Adjusted RR 6-i-Gross Facility Amount 0 Scorecard Facility RR! EL 6+ 0.0025Currency USD Override Facility RR/ ELGross Facility Amount (USD) 0 System of Record CFfTDVGross Utilization Amount (USD) 0 Country of RiskMaturity 7/7/2012 RUC Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Spirt YesReason for FRR Override

Facility Detail 5Facility ID Number 005161542FX01 Existing Facility RR/ EL 0.4006Instrument Description FX Revel Umit Guarantor Adjusted RRGross Facility Amount 2,000,000 Scorecard Facility RR I EL 6+ 0.0025Currency USD Override Facility RR / ELGross Facility Amount (USD) 2,000,000 System of Record CRTFXGross Utilization Amount (IJSD) 0 Country of Risk USMaturity 7/7/2008 RBC Legal Status GuidanceFinancial Reporting Unit MEDIA - DALLAS Split YesiReason for FRR Override

Date Printed: 3/2612007

Transactor' ID: 758854

017


Bank of America.0%•••n

Higher Standards

What If


Obligor Name: TRIBUNE COMPANYObligor GC! #: 005161542Risk Rating Scorecard: Media - MFADate Prepared: 3/27/2007

SplitFacility ID Number 005161542FX01 Existing Facility RR / EL 0.0006mmiEEIII 0 0025

Gross Facility Amount (USD) 0 System of RecordGross Utilization Amount (USD) 0 CouAtryOfRkMaturity 7/7/2008 REIC Legal Status CommittedFinancial Reporting Unit MEDIA- DALLAS Split YesReason for FRR Override

Facility Detail 6Facility ID Number 000100000516154290 Existing Facility RR / EL 4+ 0.0006

MINI0.0025

Instrument Description Day ight Overdraft Limit' Guarantor Adjusted RR e*Gross Facility Amount 21,16/,000 Scorecard Facility RR 1 EL 8+Currency USD Override Facility RR 1 ELGross Facility Amount (U 0) 21,000,000 System of Record 0 EGross Utilization Amount (USD) cr Country of Risk USMaturity 6/30/2007 REIC Legal Statue AdvisedFinancial Reporting Unit MEDIA - DALLAS Spilt NoReason for ERR Override

Facility Detail 7Facility ID Number 0001 0000051 6154201 Existing Facility RR I EL 4+ 0.0006instniment Description Treasury Mgmt Customer Limit (ACH+CDAy Guarantor Adjusted RR 6+Gross Facility Amount 16,000,000 Scorecard Facility RR 1 EL 6+ 0.0025Currency USD Override Facility RR / ELGross Facility Amount (USD) 15,000,000 System of Record EDGEGross Utilization Amount (USD) 0 Country of Risk USMaturity 6/30/2007 RE1C Legal Status AdvisedFinancial Reporting Unit MEDIA - DALLAS Split NoReason for ERR Override

Facility Detail 8FICA ty ID Number 005161542FX8L 0.0006Instrument Description FX Settlement Limit Guarantor Adjusted RR 6+Gross Facility Amount 5,000,000 Scorecard Facility RR / EL 64Currency USD Override Facility RR! ELGross Facility Amount (USD) 5,000,000 System of Record-Gross Utilization Amount (USD) 0 CountyMaturity 7/7/2008 RBC Legal Status GuidanceFinancial Reporting Unit MEDIA - DALLAS , Split NoReason far ERR Override

Date Printed: 3/26/2007 Transaction ID: 758654 of 7


What if

Bank of America


Obligor Name: TRIBUNE COMPANYObligor GM*: 005161542Risk Rating Scorecard: Media - MFADate Prepared: 3127/2007

Facility Detail 9Facility ID Number 000100600516154277 Existing Facility RR I EL

Guarantor Adjusted RR+ 0.0006

1111111111M1116+ 0.0025mingiii

OCE

No

Instrument Description international Wire Pre-Advice Limit'Grass Facility Amount1=11111.1111111111110.11Gross Facility Amount (USD)

Financial Reporting UnitIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIMIIIIIIIIIIIIIMIII

25,000USD

25,000

MEDIA - DALLAS

Scorecard Facility RR /ELOverride Facility RR / ELSystem of Record

SplitReason for FRR Crvenlde

Facility Detail 10Facility ID Number U005161542ILT Existing Facility RR / EL 4+ 0.0006Instrument Description Issuer Limits - Securities Trading Guarantor Adjusted RR 6+Gross Facility Amount 115,368,174 Scorecard Facility RR( EL 0.0026Currency USD Override Faculty RR t ELGross Facility Amount (USD) 115,368,174 System of Record 'RISKGross Utilization Amount (USD) 115,368,174 Country of Risk USMaturity -RDC Legal Status CommittedFinancial Reporting Unit GMRM MR REPORTING Spilt NoReason for FRR Override

Facility Detail 11Facility ID Number 005161542FX0L Existing Facility FtR / EL 4+ 0.0006Instrument Description FX Contract Unit GuarantorAdjuetod RR 6+Gross Facility Amount 0,o00,0D0 Scorecard Facility RR I EL 6+ 0.0025Currency USD Override Facility RR IGross Facility Amount (USD) 10,000,000 System of Record CLASGross Utilization of Risk USMaturity 71712008 RSC Legal Status

..-Guidance

Financial Reporting Unit MEDIA - DALLAS Split NO

Rea.son for FRR Override

Data Printed: 3/26/2007 Transaction ID; 758654 of 7


What if Bankof America


Obligor Name:Obligor GCI #:Country of Domicile:Risk Rating Scorecard:Prepared By:Date Prepared:


Supporting CommentsScorecard Topic !Question Supporting CommentsF/S Selection CommentsFiS Combination CommentsFinancial Measures CommentsIn the last 3 years, how has the company performedrelative to projections/expectations?As a result of any significant merger or acquisitionactivity in the past 3 years, describe the level ofdifficulty Integrating and consoirdating the operationsor information systems.Does the company provide distinct products and/orservices over existintond potential competitors?Over the past 24 months, has the companysatisfactorily met its ptyment terms and covenants?Has current senior management adequately warnedthe Bank In the event of pending financial distress?What Is the refinancing risk of debt maturing in thenext 12 months?Additional ORR Override CommentsFRR Override CommentsOther Comments

Date Printed: 3/20/2007

Transaction ID: 758054

of 7

BOA-TRB-0001851HIGHLY CONFIDENTIAL - ATTORNEYS' EYES ONLY

What if

Bank of America


Obligor Name:Obligor GCl#:Country of Domicile:Risk Rating Scorecard:Prepared By:Date Prepared:


50=-(

2 '2Obligor Risk Rating Summary

ORR OP RANGE (%)Existing ORR 5 0.45% - 0.58%Scorecard ORR 6+ 0.73% - 0.93%Override ORRReason for OverrideOverride Comments

Financial Statement Information (All Financial Statements are in 1,000 of USD)The period-end conversion rate Is 1 and the average conversion rate is 1Financial Statement Name TRIBUNE COMPANYFinancial Statement GC; 005161542Relationship to Obligor tameData Source MFAStatement Combination Method Latest FYE and Prior FYE

CURRENT PRIOR FTE1 FTE2Statement Date 12/31/2007 12/31/2006Number of Months In Statement 12 12Audit Quality 10-K 10-KStatement Type Annual AnnualBalance SheetCash & Equivalents 175,000 174,686 176,000 174,686Net Accounts Receivable 731,800 765,671 731,800 765,871Std. CPLTD 0 1,429,007 0 1,429,007Current Liabilities 1,094,900 2,546,714 1,094,900 2,548,714Std. Long Term Debt 9,436,000 3,576,211 9,436,000 3,576,211Stockholders Equity 303,616 4,319,616 303,616 4,319,616Income StatementNet Sales 5,347,200 5,517,708 5,347,200 5,517,708Std. Operating Expenses 4,229,800 4,432,696 4,228,800 4,432,698Std. E131TDA 1,354,000 1,392,796 1,354,000 1,392,796Depreciation 219,700 207,200 219,700 207,200Std. Amortization 20,000 19,813 20,000 19,8138td. EBIT 1,114,300 1,165,783 1,114,300 1,165,783Interest Expense 623,300 273,902 623,300 273.902Net income Tax 193,945 348,142 193,945 348,142

Date Printed: 3/2612007 Transaction ID: 758654 Page 1 of 7


What If

Bank of America

RISK RATING DETAIL REPORT Higher Standards

Obligor Name:Obligor GUS:Country of Domicile:Risk Rating Scorecard:Prepared By:Date Prepared:


Background QuestionsQuestion Answer

Retrieve financial statements from MFA or FISF? MFA


Total Stockholders' Equity (in 1,000 of USD) 303,616 '6 litProfitability 0 1 70 70

Leverage Slack 11.11111111.111.11 0

IIIIIIIIIIIIIIIII147

IIIForewarned the Bank A, New management or no financial distress ' 30 30

Refinancing Risk A. Low Risk 86 86Total Non-Financial Score 295 300

Total Score 564 1000

Date Pnnted: 3/26/2007 Transaction ID: 758654 Page 2 of 7


What If

Bank of America


Obligor Name: TRIBUNE COMPANYObligor GCI #: 005161542Risk Rating Scorecard: Media - IVIFADate Prepared: 312712007

Facility Summary

Ell1151

• Facility ID Number Gross Facility Amt ExistingFRR

ScorecardFRR

OverrideFRR

GuarantorImpact?

Collateralimpact?

Split?

0000100000387760001370145 125,000,000 4+ 6+ =MI No No No0000100000387780001370151 66.686,047 111113.111 6+ 11111111111111 No No No

IIIIIIIMIIIIIIIIIIIIIIMIIIIIIMIIIIIIIIIIII

IIIIIIIIIMI A

1005161542F SL 5.0004060 M111.1111111111

1111111111111111111111111111111111111M111111111111111111111111gill 005161542FXCL 10,000,000 NM= 6+

N°

1111111111111 No

No No

NoNo

Facility Detail 1Facility ID Number 0000/00000387780001370145 Existing Facility RR / EL 4+ 0.0006Instrument Description Term Loan Guarantor Adjusted RR 6+Gross Facility Amount 125,000,000 Scorecard Facility RR I EL 6+ 0.0025Currency USD Override Facility RR I ELGross Facility Amount (USD) 126,000,000 System of Record ACBSGross Utilization Amount (USD) 125,000,000 Country of Risk USMaturity ea0/2011 -RBC Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Split NoReason for FRR Override

Facility Detail 2Facility ip Number 0000100000367780001370151 Existing Facility RR I EL 4+ 0.0006Instrument Description Term Loan Guarantor Adjirsted RR 6+Gross Facility Amount 86,686,047 Scorecard Facility RRI EL 6+ 0.0025Currency USD 'Override Facility RR / ELGross Facility Amount (USD) 86,686,047 System of Record ACBS

'Gross Utilization Amount (USD) 64,709,302 Country of Risk USMaturity . 6/26/2007 -MC Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Split NoReason for FRR Override

Dab Printed: 3/26/2007 Transaction ID: 758654 Page 3 of 7


What If

Ban k of America


Obligor Name: TRIBUNE COMPANYObligor GC! *: 005161542Risk Rating Scorecard: Media - MFADate Prepared: 3/27/2007

Facility Detail 3Facility ID Number 0000100000367780001367356 Existing Facility RR (EL 4+ 0.0006Instrument Description Revolving Credit Line Pver 1 yr tenor) Guarantor Adjusted RR 6+Gross acility Amountle2=11111.1111111111n11111Gross Facility Amount {USD)

62,500,000USD

62,600,000

Scorecard Facility RR / EL 6+ 0.0026

MIMI°vent,. Facility RR / EL

0•1=•• AC8S111111E21.11Gross Utilization Amount (USD) 1111111111MIKEEMEMINIMINIMI Country of Risk

ro==.111.1111.1.111111111 6120/2011 RIM Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Spilt NoReason for FRR • err! . .

Facility Detail 4Facility ID Number 0061615421801 Existing Facility fiR 1 EL Nam

6+

0.0006

MIN0,0025

Instrument Description Derivadve Limn Guarantor Adjusted RRGross Facilitylunount 28,000,000 Scorecard Fa My RR / EL 6+

SD Override Facility RR / EL MINGross Pad ity Amount (USD) 28,000,000 System of Record OFITDV

111.1110111.11Guidance

11111111=11111111

Gross Utilization Amount (USD)

LZZZINIIIIIIIIIIIIMIIIIII0 Country of Risk

7/7/2012 REID Legal StatusFinancial Reporting Unit EDIA - • ALIAS SplitReason for FR - Override

SplitFacility ID Number 005161542IR01 Existing Facility RR I EL 0.0006Instrument Description Derivative Limit Guarantor Adjusted RR 6+ NMa.

IIIIIIMMIIIIII

Currency USDGrossFacIIlty.Arnount(U$D)Gross Utilization Amount (USD) 0 Country of RiskMaturity 7/7/2012 RIM Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Split YesReason for FRR Override

Facility Detail 5Facility ID Number 005161542FX01 rExIsSrig Facility RR 1 EL 4+ 0.0006

8+Gross Facility Amount 2.000,000 rd Facility RR I U. 0.0025Currency USD Override Facility RR I ELGross Facility CrITFXGross Utilization Amount (LISO) 0 COuntry of Risk USMaturIty 71712008 RC Status GuidanceFinancial Reporting Unit MEDIA - DALLAS Spilt YeeReason for FRR Override

Date Printed: 3/2612007 Transaction ID: 756664

Page 4 of 7


What If Bankof America

Higher StandardsRISK RATING DETAIL REPORT

Obligor Name: TRIBUNE COMPANYObligor GCI #: 005161542Risk Rating Scorecard: Media - MFADate Prepared: 3/27/2007

Split 1Facility ID Number 005161542FX01 Existing Facility RR / EL 4+ 0.0006instrument Dear,ription FX Revel Limit Guarantor Adjusted RR 6+Gross Facility Amount 0 Scorecard Facility RR ( EL 6+ 0.0025Currency USD Override Facility RR ( ELGross Facility Amount (USD) 0 System of Record CRTFXGross Utilization Amount (USD) 0 Country of RiskMaturity 7/712008 RBC Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Split YesReason for FRR Override

Facility Detail 6Facility ID Number 000100000516154290 Existing Facility RR I EL 0.0006instrument Description Daylight Overdraft Limn* Guarantor Adjustad RR 6+Greta Facility Amour4 21,000,000 Scorecard Facility RR ( EL 6+ 0.0025Currency USD Override Facility RR / ELGross Facility AMOUtit (USD) 21,000,000 System of Record OCEGross Utilization Amount (USD) 0 Country of Risk USMaturity 6/30/2007 RBC Legal Status Advised-Financial Reporting Unit MEDIA - DAELAS -Split NoReason for FRR Override

Facility Detail 7Facility ID Number 000100000516154201 Existing Facility RR I EL 4+ 0.0006instrument Description Treasury IV1g rot Customer Limit fACH+CDA)* Guarantor Adjuster:I RR 6+Gross Facility Amount , 15,000,000 Scorecard Facility RR / EL 6+ 0.0025-Currency USD —Override Facility RR I EL -Gross FacilityAmount (USD) 15,000,000 System of Record OCEGross Utilization Amount (USD) 0 Country of Risk USMaturity 6/30/2007 RBC Legal Status AdvisedFinancial Reporting unit MEDIA - DALLAS Split NoReason for FRR Override

Facility Detail 8Facility ID Number 005161542FX5L Existing Fealty RR (EL 4+ 0.0006Instrument Description FX Settlement Limit GuarantorAdjusteci RR 6+Gross Facility Amount 5,000,000 Scorecard Facility Rh/ EL 6+ 0.0025Currency USD Override Facility RR ( ELGross Facility Amount (USD) 5,000,000 System of Record CLASGross utilization Amount (USD) ' 0 Country of Risk USMaturity 7/7/2006 -RBC Legal Status GuidanceFinancial Reporting Unit MEDIA - DALLAS Split NoReason for FRR Override

Date Printed: 3/26/2007 Transaction ID: 758654 Page 5 of 7


What If

Bank of America


Obligor Name: TRIBUNE COMPANYObligor GCI a: 005181542Risk Rating Scorecard: Media -Date Prepared: 3/27/2007

Facility Detail 9FactIttyr IDNurnbor 000100000516154277 Existing Facility RR / EL 0.0046'Instrument Description International Wire Pre-Advice Limit' Guarantor Adjusted RR 6+Gross FacllltyAznount 25,000 Scorecard FacIlity RRI EL 6+ 0.0025Currency USD Override Facility RRGrosaFacllltyAmount(USD) 25,000 SpstemofRecord OCEGross Utll1.atlttn Amount (USO) 0 Countiy ofRisk USMaturIty 6/30/2007 RSC Legal Statue AdvisedFinancial Re NoReason for FRR Override

Facility Detail 10Facility ID NuMber U005161542ILT ' Existing Facility RR / EL 4+ 0.0006Instrument Description Issuer Limits = Securities Trading Guarantor Adjusted RR 6+GroeaFacllltyAmoirnt 115,388,174 - Scorecard Facility Rit I a. 8+ 0.0025Currency USD Override Facility RR / ELGross Facility Amount (USD) 115,368,174 System of Record IRISKGross Utilization Amount (USD) 115,388,174 Country of Risk USMaturity RISC Legal Status CommittedFinancial Reporting Untt GMRM MR REPORTING Split NoReason for FRR Override

Facility Detail /1Facility ID Number 005161542FXCL Existing Facility RR! EL 4+ 0.0006Instrument Description FX Contract Limit GuarintorAdjitstact RR 6+Gross Facility Amount 10,000,000 Scorecard Fer.ility RR/EL 6+ 0.0025Currency USD Override Facility RR 1ELGross Facility Amount (USD) 10,000,000 System Ot Record CLASGross Utilization Amount (USD) 0 ' Country of Risk USMaturity 717/2'008 RC Legal Status GuidanceFinancial Reporting Unit MEDIA- DALLAS Spin NoReason for FRR Override

,

Date Printed: 3/26/2007 Transaction ID: 758654 Page 6 ol 7


What If

Ban k of America

RISK RATING DETAIL REPORT ;0.

Higher Standards

Obligor Name:Obligor GM if:Country of Domicile:Risk Rating Scorecard:Prepared By:Date Prepared:


Supporting CommentsScorecard Topic! Question Supporting CommentsRS Selection CommentsHS Combination CommentsFinancial MaasurOsCommentsIn the last 3 years, how has the company performedrelative to A iAs a result of any significant merger or acquisitionactivity in the past Syeara, describe the level ofdifficulty Integrating arid consolidating the operationsor information systems. .

distinctDoes the company provide services P and potGfl?itiiompetitorsOver the past 24 months, has the companysatisfactorily met its•pay_ment terms and covenants?lisa current senior management adequately warnedthe Bank fri the event Of pending financial distress?What is the refinancing risk of debt maturing in finext 12 months?Additional ORR Override CommentsFRR Override CommentsOther Comments



Page 7 ot 7


What If

RISK RATING DETAIL REPORT5-1e1)

Bank of America

Higher Standards

Obligor Name: TRIBUNE COMPANYObligor GCI #: 006181542Country of Domicile: USRisk Rating Scorecard: Media - MFAPrepared By: JEFFREY MILLSDale Prepared: 3/27/2007

Obligor Risk Rating Summary

iv? f('`''

2. 5 6

ORR DP RANGE (%)Existing ORR 5 0.45% - 0,58%Scorecard ORR 6- 1.19%- 1.52%

1111111.1.1.111111111111111111.111=1.111111111.11MIMMIIIIIIIIIMIIOverride ORRReason or OverrideOverride Comments

Financial Statement Information (MI Financial Statements are in 1,000 of USD)The period-end conversion rate is 1 and the average conversion rate is 1Financial Statement Name TRIBUNE COMPANYFinancial Statement GC( 005161642Relationship to Obligor SameData Scrum. MFAStatement Combination Method Latest FYE and Prior FYE

CURRENT PRIOR FYE1 FYE2Statement Date 12131/2007 12/31/2006Number of Months In Statement 12 12Audit Quality 10-K 10-KStatement Type Annual AnnualBalance SheetCash & Equivalents 175,000 174,886 175,000 174,686Nat Accounts Receivable 731,800 765,871 731,800 765,871SW. CPLTD 0 1,429,007 0 1,429,007Current Liabilities 1,094,900 2,546,714 1,094,900 2,546,714SW. Long Term Debt 12,731 pop 3,576,211 12,731,000 3,576,211Stockholders' Equity 225,000 4,319,616 225,000 4,319,616Income StatementNet Sales 5,347,200 5,517,708 5,347,200 5,517,708Std. Operating Expenses 4,228,800 4,432,698 4228,600 4,422,698Std. EBITDA 1,354,000 1,392,796 1,354,000 1,392,796Depreciation 219,700 207,200 219,700 207,200Std. AmorUzetion 20,000 19,813 20,000 19,813SW. EBIT 1,114,300 1,165,783 1,114,300 1,165,783Interest Expense 962,800 273,902 962,800 273,902Net Income Tax 0 348,142 0 348,142



Page 1 of 7



Obligor Name:Obligor GO #:Country of Domicile:Risk Rating Scorecard:Prepared Sy:Date Prepared:

TRIBUNE COMPANY005161542L/SMedia - MFAJEFFREY MILLS3/27/2007

Background Questions


Total Stocitholders Equity (In 1,000 of USD) 225,000 15 112

IIIIIIIIIIIIIIIIIIIII 11110

42

126-0.16111=1.111.111=111.1mmimiminA. Consolidation complete & seamless

A. Dislinct pnds/svcs, critical customer massIIIIIIIIIIIIIII 43 11111111111.1111.11111111111111111111111111111111111111111111.11

Total Non-Financial Score 295 300Total Score 499 1000



Higher StandardsStandardsRISK RATING DETAIL REPORT

QuastfortRetrieve financial statements from MFA or FISF?

AnswerMFA

What If

Bankof America


Obligor Name: TRIBUNE COMPANYObligor GC' It: 005161542Risk Rating Scorecard: Media - MFADate Prepared: 8127/2007

Facility Summary

NBUFacility ID Number Gross Facility Amt Existing

FRRScorecard

FRROverride

FRRGuarantorImpact?

Collateralimpact?

Split?

0000100000387780001370145 . 125,000;000 Mall 6- 11.1 No No No0000100000387780001370151 80,686,047 MK= No No No

ExMIIII

0000100000387780001367358. 62;500,000' , 6- No No No005161542IR01 28;900,900 4+ 6- No No Yes0051 6 54211101 0 4+ 6- IIIIMMIUMall.

MaMUM

511.1

005161542FX01 2,000,000 4+ 6- No No005161542FX01 0 4+ 6- MM. NM

6maEl

000140000516154290 21,00600 litia. 6" MIMI No No No000100000516154201 15,000,000 MM 6- MUM/ No No No

096161542 XSL 5,000,600 MI= 6- 1111=111 No No No9 000100000516154277 25,000 1111211. 6- MEM No No No10 U005161642113 115,368,174 MOM 6- MN= No o No11 005161542FXCL 10,066406 Man 6" MEM No No No

Facility Detail *IFacility ID Number 0000100000387780001370145 Existing Facility RR I EL 4+ 0.0006Instrument Description 1mm Loan GuarantorAdjusted RR 6-Gross Facility Amount 125,000,000 Scorecard Facility RR 1 EL 6- 0.004Currency USD Override Facility RR[ELGrose Facility Amount (USD) 125.000,000 System of Record BSGross titllizatlon Amount (USD) 125,000,000 Country of Risk SMaturIty 6/20/2011 RBC Legal Status MedFinancial Reporting Unit MEDIA - DALLAS Split NoReason for FRR Override

Facility Detail 2Facility ID Number 0000100000387780001370151 Existing Facility RR! EL 4+ 0.0006instrurnent Description Term Loan Guarantor Adjusted RR 8-Gross Facility Amount 86,886,047 Scorecard Facility RR I EL 6- 0.004Currency USD Override Facility RR /ELGross Facility Amount (USD) 86,886,047 System of Record ACBSGross Utilization Amount (USD} 64,709,302 Country of Risk UsMaturity 6/26/2007 RBC Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Spill NoReason for FRR Override

Date Printed: 3/26/2007 Transachon ID: 758654 Page 3 of 7

HIGHLY CONFIDENTIAL ATTORNEYS' EYES ONLY BOA-TRB-0001861

What If

Bank of America


Obligor Name: TRIBUNE COMPANYObligor Gel Si 005161542Risk Rating Scorecard: Media - MFADate Prepared: 312712007

Facility Detail 3Facility 10 Number 00001 00000387780001 367358 Existing Facility RR 1 EL — 4+ 0.0006Instrument-Description RevoNing Credit Line (Over 1 yr tenor) Guarantor Adjusted RR 6-Gross Facility Amount 62,500,000 scorecard Facility RR I EL 6- 0.004Currency USD Override Facility RR / ELGross Facility Amount (USD) 62,500,000 System of Record ACBSGross Utilization Amount (USD) 5,833,333 Country of Risk USMaturity 5/20/2011 ROC Legal Status CommittedFinancial Reporting Unit MEDIA- DALLAS Split NoReason for FRR Override

Facility Detail 4Facility ID Number 0051615421R01 Existing Facility RR / EL 4+ 0.0006Instrument Description Derivative Limit Guarantor Adjusted RR 6-Gross Facility Amount 28,000,000 Scoriaard Facility RR / EL 6- 0.004Currency USD Override Facility RR / ELGross Facility Amount (USD) 28,000,000 System of Record CRTDVGross Utilization Amount (USD) 0 Country of Risk USMaturity 7/7/2012 RBC Legal Status GuidanceFinancial Reporting Unit MEDIA - DALLAS Split YesReason for FRIR Override

Split 1Facility ID Number 005181 5421R01 Existing Facility RR I EL 44 0.0006Instrument Description Derivative Limit Guarantor Adjusted RR 6-Gross Facility Amount 0 Searedard Facility RR / EL 6- 0.004Currency USD Override Facility-RR I ELGross Facility Amount (USD) 0 System of Record CRTDVGrass Utilizatfori Aiiiimint(USD) . 0 Country of RiskMaturity 7/7/2012 ROC Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Stalk YesReason far.FRR Override

Facility Detail 5Facility ID Number 006161 542FX01 Existing Facility RR 1 EL 4+ 0.0006instrument Description FX Reval Limit GuarantorAdjusted RR 6-Grass Facility Amount 2,000,000 Scorecard Facility RR I El.. 6- 0.004Currency Gross Facility Amount ((1SD)

USD2,000,000

Override Facility RR / ELSystem of Record CRTFX

Gross Utilization Amount (USD) o Country of Risk USMmimllii

Data Printed: 3126/2007 Transaction ID; 758654 Page 4 of 7


What If

Bank of America


Obligor Name: TRIBUNE COMPANYObligor CCI #: 005161542Risk Rating Scorecard: Media - MFADate Prepared: 3(27/2007

Split 1Focility.113 umber '005181542 01 Existing Facility RR / EL II= 0.0006

MEMInstitinent t ripilori 11111..11.1nElan GuanIntbrAdluSted FIRGives Facility Ambled 0 Boorecard.Facilfty RR 1 EL 0.004

MIMESIIIIME.111

USD Override Feel' RR ELGross FatillItYAmount USD) 0 System of RecordDrees Utilization Amount Nen) 0 Country of Risk

7/7/20(18 iVr Legal Status Committed

111111171111.11Financial Reporting Unit MEDIA- DALLAS SpitRetisoillor ERR Override

Facility Detail 6Facility 10 Number 000100000516154290 Editing Facility RR / EL

Guanintor Adjusted RR0.0006

IIILIIIIIIIIIMIIInstrument Description Daylight Overdraft Limit"Gross Foe Hy Amount 21,000,000 Scorecard Facility RR / EL 6- 0.004

1111111111111111USD Override Facility RR/ ELGross FacIlitY Amount (OSD) 21,000,000 System of Record

Country of RiskRIM Legal Status

0 E11.11011.11111

AdvisedGross Utilization Amount (USD)12=111111111111.1111111111111Financial Reporting Unit

06/30/2007

MEDIA- DALLAS Split 14oReason for PER Override

Facility Detail 7Facility ID Number 000100000518154201 Existing Facility RR / EL 4+ 0.0006instrument Dews piton Treasury Mgmt Customer Lima (A, +ODA)" Guarantor Adjusted RR 8-Gross Fa ity AmountEZIMINIIII.11111.1111

15,000,000 Scorecand My RR / EL 6- 0.004MEUSD Ovarrld. Facilfty RR 1 EL

Gross Facility Amount {USD) 15,000,000 System of Record 11.1102.11Gross • TM1 • Amount (USD) 0 Country of - Mk 11101011111.

AdvisedMat; , €0,30/2007 RBC Legal StatusFinancial Reporting Unit MEDIA - DALLAS Spilt NoReason for FR - Override

Facility Detail 8Fac.illty ID Number 005161542FXSL Existing Facility RR 1 EL 4+ 0.0006instrument Description FX Settlement Limit Guarantor Adjusted RR 6- _xGross Facility Amount 5,000,000 Scorecard Facility RR I EL 6- 0.004Currency USD Override Facility RR / El-Gross Facility Amount (USD) 5,000.000 System of Record DLASGross Utilization Amount (USD) 0 Country of Risk USMaturity 7/7/2008 RGC Legal Status GuidanceFinancial Reporting Unit MEDIA- DALLAS Split NoReason for FRR Override


Page 5l 7


What If

Bank of America

RISK RATING DETAIL REPORT --stp

Higher Standards

Obligor Name: TRIBUNE COMPANYObligor GC! #: 005161542Risk Rating Scorecard: Media - MFADate Prepared: 3/2712007

Facility Detail 9Facility ID Number 000100000516154277 -Existing Facility RR / EL 4+ 0.0006instrument Description International Wire Pre-Advice Limit' Guarantor Adjusted RR 6-Gross Facility Amount 25,000 Scorecard Facility RR I EL 6- 0.004Currency USD Override Facility RR / ELGross Facility Amount (USD) 25,000 System of Record OCEGross LIUlization Amount (USD) 0 Country of Risk USMaturity 6/30/2007 REC Legal Status AdvisedFinancial Reporting Unit MEDIA- DALLAS Split No

Reason for FRR Override

Facility Detail 10Facility ID Number U005161 5421L1 Existing Facility RR / EL 4+ 0.0006Instrument Description Issuer Limits - Securities Trading Guarantor Adjusted RR 6-Gross acility Amount 115,368,174 Scorecard Facility RR / EL 6- 0.004Currency USD Override Facility RR i ELGross Facility Amount (USD) 115,368,174 System of-Record !RISKGress Utilization Amount (USD) 115,368,174 Country of Risk USMaturity REIC Legal Status CommittedFinancial Reporting Unit GMRM MR REPORTING Split NoReason for FRR Override

Facility Detail 11Facility ID Number 005161542EXCL Existing Facility RR I EL 4+ 0.0006Instrument Description FX Contract Limit GuarantorAdjusted RR - 6-Gross Facility Amount 10,000,000 Scorecard Facility RR/ EL 6- 0.004Currency USD Override Facility RR I ELGross Facility Amount (USD) 10,000,000 System of Record CLASGress Utilization Amount (USD) 0 Country of Risk USMaturity 7/712008 RIX Legal Status GuidanceFinancial Reporting Unit MEDIA - DALLAS Split NoReason for FRR Override





4*,Higher Standards



Supporting Comments

Scorecard Topic / Question Supporting CommentsF/S Selection CommentsF/S Combination CommentsFinancial Measures CommentsIn the last 3 years, how has The company performedre!ative to a 1 xpectaAs a result of any aignittoant merger or acquisitionactivity in the past Syeara. describe the level ofdithoulty Integrating and consolidating the operationsor Information sYDoes the compaity provide distinct products and/orseMcnc over q and potential PeOver the past 24 months, has the companysatisfactoril y met itsyment temis and covenants?Has current senior management adequately warnedthe Bank in the eventof pending financial distress?What is the refinancing risk of debt maturing in thenext 12 months?Additional OFIR Override CommentsFAR Override CommentsOther Comments


Page 7 of 7


What If

Bank of America


Obligor Name:Obligor GC1#:Country of Domicile:Risk Rating Scorecard:Prepared By:Date Prepared:.

TRIBUNE COMPANY005161542USMedia - MFAJEFFREY MILLS3/27/2007 A-*c,A T wv

Lac2Obligor Risk Rating Summary

dna DP RANGE (%)•

Existing ORR 5 0.45% - 0.58%

Scorecard ORR 6 0.93% - 1.19%

111111011111111111111111111111111111111111.=Override ORRReason or OverrideOverride Comments

Financial Statement Information (All Financial Statements are in 1,000 of USD)The period-end conversion rate is 'I and the average conversion rate is 1

Financial Statement Name TRIBUNE COMPANYFinancial Statement GC! 005161542Relationship to Oblgor SameData Source MFAStatement Combination Method Latest FYE and Pnor FYE

CURRENT PRIOR FYE1 FYE2

•

Statement Date 12/3112007 12131/2006Number of Months In Statement 12 12Audit Quality 10-K 10-KStatement Type Annual AnnualBalance SheetCash & Equivalents 175,000 174,686 175,000 174,686Net Accounts Receivable 731,800 765,871 731,800 765,871Std. CPLTD 0 1,429,007 0 1,429,007Current LiabWtias 1,094,900 2,646,714 1,094,900 2,546,714Std. Long Term Debt 12,731,000 3,576,211 12,731,000 3,576,211Stockholders' Equity 225,000 4,319;616 225,000 4,319,616Income StatementNet Sales 5,347,200 5.517,708 5,347,200 5,517,708Std. Operating Expenses 4,228,800 4,432,698 4,228,800 4,432,698Std. EBITDA 1,354,000 1,392,796 1,354,000 ' 1,392,796Depreciation 219,700 207,200 219,760 207,200Std. Amortization 20,000 19,813 20,000 ' 19,813Std. EBIT 1,114,300 1,165,783 1,114,300 1,166,783Interest Expense 900,400 273,902 900,400 273,902Net Income Tax 0 348,142 0 348,142


HIGHLY CONFIDENTIAL - ATTORNEYS' EYES ONLY

BOA-TRB-0001866



What If

Bank of America



TRIBUNE COMPANY005161542USMedia - IVIFAJEFFREY MILLS3127/2007

Background QuestionsQuestion Answer

Retrieve financial statements front MFA or NSF? MFA

Risk Rating Scorecard InformationFinancial Factors Value Score Max. Scare

11111111.1111111.1111111.111111111111111111111111111111.1111111111Leverage Slack -1.98 0Interest Coverage 0.81 56 119

Liquidity 0.83

111111111111111111111111111Distinct Pm • acts and/or Services A. Distinct prods/sves, critical customer mass

70

=IIEJIIIIIIMIIIIIIMIIM

126

MilIIIIIIIIIIIIIMMIIIIIIIIIIIIIIIMIIIIRefinancing Risk A. Low Risk 86 86

NMITotal Non-FInancial Score

Total Score

Bank of America.0*

Higher Standards

Obligor Name: TRIBUNE COMPANYObligor GC1 0: 005161542Risk Rating Scorecard: Media - MFADate Prepared: 3127/2007

Fac lity Summary

ILFacility ID Number Gross Facility And Existing

FRRScorecard

FRROverride

FRRGuarantorimpact?

Collateralimpact?

Split?

0000100000387780001370145 125,000,000 IMRE 0 MEM No No NoLiazLiEll

0000100000387780001370151 88,886,047 MEM 6 11111.11111 No No No0000100000387780001367358 62,500,000 4+ 6 MIMI No No No

0051615421R01 28,000,000 MC= II=.1 No. No MEMYes

Ma00516154211R01 0 11.21.1 6 N/A ME=

5El

005161542 X01 2,000,000 MIME 8 11111.11111 No005161542FX01 0 4+ 6

NoIllEallIME=MIRM

No6II

000100000516154290 21,000,000 MEM 6 1.1.1.111000100000516154201 18400.000 NM= 6 No No No

8 •005161542FXSL 5,000,000 4+ 6 1111111111111 No No No9 000100000515154277 25.000 4+ 6 MIN No No No10 0051615421LT 111100/11110111011111 6 11111.1.11 No No No11 005161542FX0L 10,000,000

Facility DetailFacility ID Number 0000100000387780001370145 Existing Facility RR / EL 4+ 0.0006Instrument Description Term Loan GuarantorAdjusted RR 6Gross Facility Amotint 125,000,000 Scorecard Facility RR! EL 6 0.0032Currency USD Override Facility RR1 ELGross FacilityAmourd (USD) 125,000,000 System of Record ACBSGross Utilization Amount (USD) 126,00000 0 COUntly of Risk USMaturity 6/20/2011 -ftl31 Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Split NoReason for FIRR Override

Facility Detail 2Facility ID Number 0000100000387780001370151 Existing Facility RR i EL 4+ 0.0006Inatruinant Description Tenn Loan Guarantor Adjusted RR 6Gross Facility Amount 86,686,047 6 0.0032Currency USD Ovarrido Facility RRI ELGross Facility Amount (USD) 86,666,047 System of Record ACBSGross Utilization Amount (USD) 84,709,302 Country ofRIsk USMaturity . 6/26/2007 RRC Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Spilt NoReason for FRR Override


What If


HIGHLY CONFIDENTIAL ATTORNEYS EYES ONLY BOA-TRB-0001868

What If

BankofAmerica

RISK RATING DETAIL REPORT '040`

Higher Standards

Obligor Name: TRIBUNE COMPANYObligor GCI 005101542Risk Rating Scorecard: Media - MFADate Prepared: 3/27/2007

Facility Detail 3Facility ID Number 0000100030387780001367358 Existing Facility BR/EL 4+ 0.0006instrument Description Revolving Credit Line (Over 1 yr tenor) Guarantor Adjusted RR 6Gross Facility Amount 62500,000 Scorecard Facility RR / EL 6 0.0032Currency USD Override Facility RR / ELGross Facility Amount (USD) 62,500,000 System of Record ACBSGross Utilization Amount (US!)) 5,833,333 'Country of Risk US

0/2012011 RBC Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Split NoReason for FRR Override

Facility Detail 4Facility ID Number 0051615421R01 Existing Facility RR 1 EL 4+ 0.0006Instrument Description Derivative Limit GuarantorAdjusted RR 6Gross Facility AMOUnt 28,000,000 Scorecard Facility RR / EL 6 0.0032Currency USD Override Facility RR 1ELGross Facility Amount (USD) 28000.000 System of Record CRTDVGrass Utilization Amount (USD) 0 Country of Risk USMaturity - 777/2012 BBC Legal Status GuidanceFinancial Reporting Unit MEDIA- DALLAS Split YesReason for ERR Override

SplitFacility ID Number 0051615421R01 Existing Facility RR! EL 4+ 0.0006instrument Description Derivative Limit Guarantor Adjusted RR 8Gross Facility Amount 0 Scorecard Facility RR !EL 6 0.0032Currency USD Overrkie Facility RR 1 ELGross Facility Amount (USD) 0 System of Record CRTDVGross Utilization Amount (USD) 0 Country of RiskMaturity 7/7/2012 REID Legal•Status CommittedFinancial Reporting Unit MEDIA - DALLAS Split YesReason for FRR Override

Facility Detail 5Facility 10 Number 005161542FX01 Existing Ficilfty RR / EL 4-1 0.0006instrument Description FX Revel Limit Guarantor Adjusted RR 6Gross Facility Amount 2,000,000 —Scorecard Facility RR1 EL 6 0.0032Currency USD Override Facility RR 1 ELGrose Faculty Amount (USD) 2,000.000 System of Record CRTFXGross Utilization Amount (USD) 0 Country of Risk ,

USMaturity 7/7/2008 NBC Legal Status GuidanceFinancial Reporting Unit MEDIA- DALLAS Split YesReason for ERR Override



What If

Bank of America


Obligor Name: TRIBUNE COMPANYObligor GCI #: 005161642Risk Rating Scorecard: Media MFADate Prepared: 3/27/2007

Split 1Facility ID Number 005161642FX01 Existing Facility RR 1 EL 4+ 0.0006instrument Description FX Reval Limit GuarantorAdjusted FtR 6Gross Facility Amount 0 Scorecard Facility RR I EL 6 0.0032Ellat 1)30 Override Facility RR I EL IIIIIIIMMIIII

CRTFXGrose Facility Amount (USD) 0 System of RecordGross Utilization Amount (USI3) 0 Country of RiskMaturity 71712008 RBC Legal Status Committed

M11112111•111Financial Reporting Unit MEDIA - DALLAS SplitReason for MR Override

Facility Detail 6Facility lb Number 000100000516154290 Existing Facility RR i EL 4+ 0.0006instrunient Description Daylight Overdraft Limit' Guarantor Adjusted RR 6Gross Facility Amount 21,000,000 Scorecard Facility RR / EL 6

_0,0032

Currency USD Override Facility RR! ELGross Facility Amount(USD) 21,000,000 System of Record OCEGross Utilization Amount (USD) o Country of Risk USMaturity 6/30)2007 ROC Legal Statue AdvisedFinancial IFteporting Unit MEDIA - DALLAS Split NoReason for FRR Override

Facility Detail 7Facility ID Number 000100000516154201 ExWing Facility RR I EL 44- 0.0006 1instrument Description Treasury Mgmt Customer Umit (ACH+CDA)' GuarantorAdjustad RR 6Gross Facility Amount 15,000,000 Scorecard Facility RR I EL 6 0.0032Currency USD Override Facility RR F ELGroSs FacIIltyAmount 1USD) 15.000.000 System of Record OCEGross tltillzstlon (mount(USD) . C Country of Risk USMaturIty 6/30/2007 RBC Legal Status AdvisedFinancial Reporting Unit MEDIA - DALLAS Split NoReason for MR Overrida

Facility Detail 8Facility ID Number 005161542FX8L Existing Facility RR I EL 0.0006Instrument Description FX Settlement Limit

.Guarantor Adjusted RR 6

Gross Facility Amount 5.000,000 Scorecard Facility RR / EL 6 0.0032Currency USD Override Facility RR / ELGross Facility Amount (USD) 5,000,000 System of Record CLASGross UUltration Amount (USD) o Country of Risk USMaturity 7)7/2008 RBC Legal Status GuidanceFinancial Reporting Unit MEDIA - DALLAS A Split NoReason for MR Override



Bankof America

-0....41/Higher Standards

What if


Obligor Name: TRIBUNE COMPANYObligor GCI 005161542Risk Rating Scorecard: Media - MFADate Prepared: 3/2712007

Facility Detail 9Facility ID Number 000100000518154277 Existing Facility RR 1 EL 4+ 0.0006instrument Description international Wire Pre-Advice Unit' Guarantor Adjuated RR 6Gross Facility Amount 25,000 Scorecard Facility SRI EL 6 0.0032Currency USO Override Facility RR I EL0 DOE

.Gross Utilization Amount (USD) 0 Country of Risk USMaturity 6/30/2007 REC Legal Status AdvisedFinancial Reporting Unit MEDIA - DALLAS Split NoReason for F14 R Override

Facility Detail 10Facility ID Number . U005181542ILT Existing Facility RR I EL 4+ 0:0006Instrument Description Issuer Limits - Securities Trading Guarantor Adjusted RR eGross MI Amount

_Facility

Currency . USD Override Facility RR I EL

_ GrosaFaclIItyArnouflt(USD)Gross Utilization Amount (USD) 115,368.174 Country of Risk USMaturity . SEC Legal Status CommittedFinancial Reporting Unit GMRM MR REPORTINGReason for FRR Override

Facility Detail 11Facility ID Number 005161542FXCL Existing Facility RR/EL 0.0006Instrument Description

IIIIIIIIIIIIIIIIIIIIIIIIIIIIIMIIIIEIIIIINIIIIIIIIIIIIII

IIIIIIIIIIIIIMMIIIIIIIIIIIIIIIMIIIIIIIIIIIIIIIMIMII

FX Contract Limit

7/7/2008

GtiarantOrAdjusted RR 6

GuidanceReC Legal StatusFinancial Reporting Unit MEDIA- DALLAS emit NoReason for FRR Override




What if Bank of America.0.4":444p.

Higher Standards

Obligor Name:Obligor GC, N:Country of Domicile:Risk Rating Scorecard:Prepared By:Date Prepared:


Su portinq Comments- - -Scorecard Topic /Question - upporting CommentsF/S Selection ommentsF/S Combination CommentsFinanciUl Measures Commentsin the last 3 years, how has the company performedrelative to PrOl XP8

_r acquisitionAs a result of any significant mergeractivity in the past 3 years, describe the level ofdifficulty Integrating and consolidating the operationsor Information YStDoes the company provide distinct products and/or

. .seMcas .Over the past 24 months, has the companysatiefactori met its • ment terms and covenants?Has current senior management adequately warnedthe Bank in the event of .. milli! financial distress?What Is the refinancing risk of debt maturing In Thenext 12 months?Additional OAR Overrode CommentsFRR Override CommentsOther Comments



Page 7 of 7



Bank of America

Higher Standards



What If

5-1,A,D. 2-

e-ry

Zz

c,

Obligor Risk Rating SummaryORR . DP RANGE (%)

Existing ORR 5 0.45% • 0.58%Sr.orecerd ORR 6+ 0.73% - 0.93%Override ORR . -

Reason for midOvartide Comments

Financial Statement Information (Al! Financial Statements are in 1,000 of USD)The period-end conversion rate is 1 and the average conversion rate is 1Financial Statement Name TRIBUNE COMPANYFinancial Statement GC, 005161542Relationship to Obligor SameData Sour. MFAStatement Combination Method Latest FYE and Prior FYE

CURRENT PRIOR FYE1 FYE2 -Statement Date 12/31/2007 12131/2006Number of Months in Statement 12 12Audit Duality 10-K 10-KStatement Type Annual AnnualBalance SheetCash & Equivalents 175,000 174,686 175,000 174,686Net Accounts Receivable 731,800 765,871 731,800 765,871Std. CFLTD 0 1,429,007 0 1,429,007Current Liabilities 1,094,900 2546,714 , 1,094,900 2,546,714Std. Long Term Debt 12,731,000 3,576,211 12,731,000 3,576,211Stockholders' Equity 1,845,000 4,319,616 1,845,000 4,319,616Income StatementNet Sales 6,347,200 5,517,709 5,347,200 5,517,708Std. Operating Expenses 4,228,800 4,432,698 4,226,800 4,432,698Std. EBITDA 1,354,000 1,392,796 1,354,000 - 1,392,796Demo-dation 219,700 207,200 219,700 207,200std. Amortization 20,000 19,813 20,000 19,813Std. EMT 1,114,300 1,165,783 1,114,300 1,165,783Intirest Expense 900,400 273,902 900,400 273,902Net Incorne Tax 0 348,142 0 348,142

Date Printed: 312812007 Transaction ID: 768654

Page 1 of 7


What If

Bank of America


Obligor Name: TRIBUNE COMPANYObligor GC! 005161542Risk Rating Scorecard: Media - MFADate Prepared: 3/27/2007

Facility Summary

miEl

Facility ID Number Gross Facility And ExistingFRR

ScorecardFRR

OverrideFRR

GuarantorImpact?

CollateralImpact?

Spilt?

0000100000387780001370145 125,000,000 MINEEIMIMIIIINIIIIIIME No No Nowool ... . . 387780001370151 86,886,047 ME= 6+ MM. No No No

MI0000100000387780001387358 62,500,000 Mill 6+ UMW No No No

=III

IIIII

0051615421R01 28,000.000

IIIIIIIIIIIIIIMMIIIIIIIIIIIINIIEIIIIIIIINIIIIMI

=MIMI 6+ =NM No - No

IIIIIIIIIIIIIIIII MEM MEM

000100000516154277111..1111111.11111.111111111111111111111

25,000 =MINIM.MEI

No No No10III

U005161542ILT 11.11=0111. 4+ 6-s. No No No005161542FXCL 10,000,000 6+ 11=1.. No No No

Facility Detail .1Facility ID Number 0000100000387780001370145 Existing Facility IRR I EL 4+ 0.0006Instrument Deseription Than Loan GuarantorAdjusted RR 6+Gross Facliity Arnount 125,000,000 Scorecard Facility FIR I El. Si- 0.0025Currency USD Override Facility RR I ELGross Facility Amount (USD) 125.000,000 System of Record ACBSGross Utilization Amount (USD) 125,000,000 Countty of Risk USMaturity 6/20/2011 RISC Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Split 1, NoReason for FRR Override

Facility Detail 2Facility ID Number 0000100000387780001370151 Existing Facility RR 1 EL 4+ 0.0006instrument Description Tenn Loan GuarantorAdJusted RRGross Facility Amount 86.686,047 Scorecard Facility REF EL 0.0025Currency USD Override Facility RR / ELGross Facility Amount (USD) 86,686,047 System of Record ACBSGross Utilization Amount ((ISO) 64,709,002 Country of Risk USMaturity 6/26/2007 REM Legal Status CommittedFinancial Reporting Unit MEDI A - DALLAS Split NoReason for FM Override



What If

Bank of America


Obligor Name: TRIBUNE COMPANYObligor GC! 005161542Risk Rating Scorecard: Medla • MFADate Prepared: 3/27/2007

Facility Detail 3Facility ID Number 00001000003877B0001367358 Existing Facility RR! EL 4+ 0.0006Instrument b ' crIption Revolving Credit Line (Over 1 yr tenor) Guarantor (*Listed RR 6+ IIIIGross Facility Amount

Gross Utilization Amount (USD)IIIIIIIIIIMIIIIIIIIIIIIIINIIMMIIIIIIIIIIIIIIIIIIMIIIII

62500,000

5.833,333

Scorecard Facility RR EL 6 0.0025

EMMZIMMIIIIIIIIIIIIIIIINOMIIIMaturity 6/20/2011 NBC Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Spilt NoReason for FRR Overvide

Faculty Detail 4Facility ID Number 0051615421R01 Existing Facility RR / EL 4+ 0.0006Instrument Description Derivative Umit Guarantor Adjusted RN 6^GrosS Facility I 0.0025Currency IJSD Override Facility RR! ELGross Facility Amount i TENGross Utilization Amount (USD) 0 Country of Risk SMaturity 7/7/2012 RBC Legal Status GuidanceFinancial Reporting Unit MED IA sReason for ERR Override

SplitFacility ID Number 0051615421R01 Exisdng Facility RR I EL 0.0006Instrument Description Derivative Limit -Guarantor Adjusted RR 6+Gross Facility Amount 0 -Scomoard Facility RR / El- 6+ 0.0025Currency USD Override Facility RR / EC-Gross Facility Amount CUSP) 0 System of Record CFITDVGross Utilization Amount (USD) 0 Country of RiskMaturity 7/7/2012 RBC Legal Status CommittedFinancial Reportirsg Unit MEDIA - DALLAS 'Spilt YesReason for ERR Override

Facility Detail 5Facility ID Number 005161542FX01 Existing Facility RR TEL 4+ 0.0006Instrument Description FX Reval Limit Guarantor Adjusted RR 6+Gross Facility Amount 2,000,000 Scorecard Facility RRI EL 6+ 0.0025Currency USD 'Override Facility RR I ELGross Facility Amount (USD) 2,000,000 System of Record CRTFXGross Utilization Amount (USD) 0 Country of Risk USMaturity 717/2008 RBC Legal Status GuidanceFinancial Reporting Unit MEDIA - DALLAS Split YesReason for ERR Override

Data Printed: 3/2612007 Transaction ID: 758654

Page 4 of 7


What if

Bankof America


Obligor Name; TRIBUNE COMPANYObligor Gel #: 005161542Risk Rating Scorecard: Media - WADate Prepared: 3/27/2007

SplitFacility ID Number 0051 615421X01 Existing Facility RR / EL 4+ 0.0006Instrument Description FX Roved Limit Guarantor Adjusted RR 6+Gross Facility AmountkZE:MEIIMIIII.MIIIIIIIIIIGross Fe .- fly Amount (USD)

0USD

0

Scorecard Facility RR / EL 6-i- 0.0025111.111111..1• de Facility RR / EL

Systsm of Record CHTFXIIIIIIIIIIIIIIIIIGrant Utilization Amount (USD) 0 County of Risk

717/20013 RSC Legal Status CommittedFinancial ' porting Unit MEDIA - DALLAS Split YesReason for FRR Override

Facility Detail 5Facility ID Number 000100000516154290 Existing Facility RR / EL 4+ 0.0006instrument Description Daylight Overdraft Limir Guarantor Adjusted RR 6+Gross Facility Amount 21,000.000 'Scores:an:I Facility RR / EL 6+ 0.0025Currency . USD _Gross Facility Amount ( 21,000,000

.. OCEGross Utilization Amount (USD) 0 Country of Risk USMaturity 6150/2007 ROC Legal Status Advised

MEDIA - DALLAS Split No —Reason for FRR Override

Facility Detail 7Facility ID Number 000100000516154201 Existing Facil RR / EL 0.0006

Mill(mamma Description Treasury Mgmt Customer Limn AC DA) Guarantor Adjusted R - 6+Gross FacliftyArnount 15,000,000

6/30/2007

..,7'1-777 • ,"1711171711173111111111111 6+ 0.0025

Advised

urrancy

alIllIllIllIllNIMIMIII

RI3C Legal Status

Gross FacllityAmount(USD)0013011Financial Reporting Unit MEDIA - DALLAS Split NoReason for FRR Override

Facility Detail 8Facility ID Number 005161542FX5L Existing Facility RR !EL 4+ 0.00067Instrument Description FX Settlement Limit Guarantor Adjusted RR 6+Gross Facility Amount


IMIIIIIIIIIIIUIIIIIIIIIIIMIMIIIIIIIIIIIIIIIIIIIIIIIIIIMIII

IIIIIMIIIMIIIIIIIMIIIIIIIIIIIINNNIIIIIIIIMIIIIIII

6,000,000

MEDIA- DALLAS

Scorecard Facility RR / Et 0.0025

0SplitReason for FRR Override



What lf


Obligor Name: TRIBUNE COMPANYObligor GCI #: 005161542Risk Rating Scorecard: Media - MFADate Prepared: 3/27/2007

Facility Detail 9Facility ID Number DOM 00000516154277 Existing Facility RR I EL 4+ 0.0006iniartiment Description International Wire Pre-Advice Limit' GuarantorAdjuated RR 6+Gross Facility Amount 25,000 Scorecard Facility RR i EL 8+ 0.0025Cum* USD -Override Facility RR I ELGross Facility Amount (USD} 25,000 System of Record OCEGross Utilization Amount {USD) 0 Country.of Risk USMaturity 6/30/2007 RSC Legal Status AdvisedFinancial Reporting Unit MEDIA - DALLAS Split NoReason for FRR Override

Facility Detail 10Facliity113 umber U005161542ILT Existing Facility RR / EL III2a 0.0"instrument Description Issuer Limits - Securities Trading t uarantor • .' - : • RR 6+Gross soli 7/!:;;: 115,368,174 Scorecard acility RR / EL 6+ 0.0025

1111111111•11111I RISK

IMMO=

LE=311111111.1.1.111111.1_Gross a -. -..1--w

USD116,368,174

Override Factlity RR / EL

• stein of RecordGross Utilization Amount (USD) 115,368,174 Country a MsMatW1tY .11.111111110.1.1.11111111.111111111111 RIX Legal Status CommittedFinancial Reporting Unit GMRM MR REPORTING Spilt NoReason for — Override

Facility Detail 11FacilityiD Number

IIIIIIIIIIIIIII

005161542FX0L Existing Facility RR i EL 4+ 0.0005

ld USDMIIMIIIIIIIIIIIIIIIIOverride milky RR / EL

CLAS

al= GuidanceSplit ' No

aii/7

Financial Reporting Unit MEDI • - DALLASReason for FRR Override

Bank of America„op

Higher Standards

Date Printed: 3/26/2007 Transaction ID; 758654 Page 6 of 7


What If

Bank of America


Obligor Name:Obligor GC] #:Country of Domicile:Risk Rating Scorecard:Prepared By:Date Prepared:

TRIBUNE COMPANY005161542UsMedia - MFAJEFFREY MILLS3/27/2007

SuDportinu CommentsScorecard Topic! Question Supporting CommentsF/S Selection CommentsF/S Combination CommentsFinancial Measures CommentsIn the last 3 yeals, how has the company performedrelative to p Pe.1As a result of any significant merger or acquisitionactivity In the past 3 years, describe the level ofdifficulty integrating and consolidating the operationsor Information systems.Does the company provide distinct products and/orservices over existing and potential competitors?Over the past 24 months, has die companysatisfactorily met Its payment terms and covenants?Has current senior management adequately warnedthe Bank In the event of pending_financial distress?Whatlsthe reflnanclng risk of debt maturing in thenext 12 months?Additional OAR Ovemde CommentsFAR Override CommentsOther Comments



Page 7 of 7


What If

Bank of America


Obligor Name:Obligor GCl#:Country of Domicile:Risk Rating Scorecard:Prepared By:Date Prepared:


Kiv

Obligor Risk Rating SummaryORR DP RANGE tom

Existing ORR 5 0.45% - 0.58%

Reason tor Override'IIIIFMIIIIIIMIIIIIIIIIIIIIIIIIIIIIIMIIIIIIIIIIIIIII

Override Comments

Financial Statement Information (All Financial Statements are in 1,000 of USD)The period-end conversion rate is I and the average conversion rate is 1Financial Statement Name TRIBUNE COMPANYFinancial Statement GC! 005161542Relationship to Obligor SameData Source MFAStatement Combination Method Latest FYE and Prior EYE

CURRENT PRIOR FYE1 FYE2Statement Data 12/31/2007 12/31/2006Number of Months In Statement 12 12Audit Quality 10-K 10-KStatement Type Annual AnnualBalance SheetCash & Equivalents 175,000 174,686 ' 175,000 174,686Net Accounts Receivable 731,800 765,671 731,800 765,871Std. CPLTD 0 1,429,007 D 1,429,007Current Liabilities 1,094,930 2,546,714 1,084,900 2,546,714Std. Long Term Debt 12,731,000 3,576,211 12,731,000 3,576,211Stockholders' Equity 1,845,000 ' 4,319,616 1,845,000 4,319,616income StatementNet Sales 5,347,200 5,517,708 5,347,200 5,517,708Std. Operating Expenses 4,228.800 4,432,698 4,228,800 4,432,698Std, E13111:1A - 1,354,000 1,30,796 1,354,000 1,392,796Depreciation 219,700 207,200 219,700 207,200Std. Amortization 20,000 19,813 20,000 19,813Std. EB1T 1,114,300 1,165,783 1,114,300

'1,165,783

Interest Expense 962,800 273,902 962,800 273,902Net income Tax 0 348,142 0 348,142


BOA-TRB-0001679HIGHLY CONFIDENTIAL ATTORNEYS' EYES ONLY

What If

Bank of America


Obligor Name:Obligor GCI ft:Country of Domicile:Risk Rating Scorecard:Prepared By:Date Prepared:

TRIBUNE COMPANY005161542USMedia - N1FAJEFFREY MILLS312712007

Background QuestionsQuestion lAnswer

Retrieve financial statements from MFA or HSF?

MFA

Risk Ratlno Scorecard InformationFinancial Factors Value Score Max. Score

Total Stockholders Equity (in 1,000 of USE)) 1,845,000 63 112Profitability 021 70 70

Leverage Sack -2.10 DInterest Coverage 0.86 49 119

Liquidity

111111.11111111102/3111

0.83 70 125-0.16 0 125

1111111111111111111111111111.11111111111111111111111111111111111111=11 Max. Score

IIIIIIIIIIIIIIIIIIIIIIIIIForewarned the Bank A. New management or no financial distress 30 30

Refinancing Risk A. Low Risk 86 86Total Non-Financial Score 300

Total Score 1000


Transaction ID: 768854 Page 2 of 7

BOA-TRB-00018-80HIGHLY CONFIDENTIAL - ATTORNEYS' EYES ONLY

What If

Bankof America


Obligor Name: TRIBUNE COMPANYObligor GO ft: 005161542Risk Rating Scorecard: Media - MFAData Prepared: 3127/2007

Fac lity SummaryFacility ID Number Gross Facility And Existing

FFIRScorecard

FRROverride

FRRGuarantorimpact?

CollateralImpact?

Spilt?

LsgmIx

0000100000387780001370145 125,000.000 4+ 6-1- No No0000100000387780001370151 86,886,047 Mr= 6+ No No No0000100000387780001367358 62,500,000 MEIN 6+ No No

NoNO

WM005161542IR01 28,000,000 NW= 8+ IIIIIIIIIII No

Eill1111

0051615421R01 0 IIIIIIZIIIIIII 6+ 111111111111 N/A MEMNo

YesIMEZE005161542FX01 2,000,000 MINI e4 IIIMMI No

005161542FX01 0 NM= IIIEEIIMIIIEMMIINo No

YesNo040100000516154290 21,000.000 4+ Si- MOM

7 000100000516154201 15,000,000 4+ 6+ 11.1111M No No No8 005161542FXSL 5,000,000 MIMI 6+ 1111111 No No No

000100000516154277 25,000 =MIN 6+ ME= No No No10

El1J00511315421LT 115,368,174 MEM 6+ IIIMIIII No No No

005161542FXCL 10,000,060 MEM 6-F MIMI 140 No No

Facility Detail 1Facility ID Number 00001000003E17780001370145 Existing Facility RR ( EL 4+ 0.0006

NMIInstrument Description Term Loan Guarantor Adjusted RR e+Gross Facility Amount 125,000,000 Scorecard Facility RR / EL 6+ 0.0025

IIIIIIIIIIIMIIMilifflil

=1.IIIIIIIIIIIIIIIIIIIGrobsFacilitIMIMIIIIIMintUMAm

USD Cyanide Facility RR / ELSystem of Record

Gross UM orlinillizatl Amount (USD)laartall1111111.11111111111111111

125,OMIIIIIENIIIIIIIIIIDD125,000,000 Comity of Risk US

RISC 1-08al Status CommittedFinancial Reporting Unit MEDIA - DALLAS Split NoReason for FRROvenide

Facility Detail 2Facility ID Number 0000100000387780001370151 Existing facility RR! EL 4+ 0.0006Instrument Description Term Loan GuatantorAdjusted RR 6+Gross FacilityAmount 86,686,047 'Scorecard Facility RR/ EL 6+ 0.0025Currency USD Override Facility RR (ELGross Facility Amount (USI4 86;686,047 System of Record ACBSGross Utilization Amount (USD) 64,709,302 Country of Risk USMaturity 6/26/2007 RBC Legal Status CommittedFinancial Reporting Link MEDIA- DALLAS Split NoReason for FRR Override

Page 3 o(7Date Printed: 3/26/2007 Transaction ID: 7513654

HIGHLY CONFIDENTIAL ATTORNEYS' EYES ONLY BOA-TRB-0001881

What If

Bank of America


Obligor Name! TRIBUNE COMPANYObligor GC! 005161542Risk Rating Scorecard: Media - MFADate Prepared: 3127/2007

Facility Detail 3Facility 113 Number 00001 00000387780001367358 FatisUng Facility RR I EL 4+ 0.0006instrument Description Revolving Credit Line (Over 1 yr tenor) Guarantor Adjusted RR 6+ _Gross Facility Amount 02,500,000 Scorecard Facility RR/EL 6+ 0.0025Currency USD Override Facility RR•/ ELGroas Fecility Amount CUED) 62,500000 System of Record BS

SMaturity 6/20/2011 RBC Legal Status CommittedFinancial Reporting Unit MEDIA - DALLAS Split NoReason for FRR Override

Facility Detail 4Facility ID Plum. r

28,000,000 Scorecard Facility RR/ ELInstrument Description1111111111.11.11111111111111111.11111111111111 "0"6+ 0.0025

11111111.1=1WOW; Facility AmountEIZEI USD Override Facility RR I EL

1111111111M111111.....1111111111111.111717/2012 RBC Legal SStatus Guidanec

11111111111MEDIA - DALLAS Split Yes

Split 1Facility ID Number 005161542I001 Existing Facility RR/ EL 0.0006Istetninient Description Derivative Limn

IIIIIIIIIIIIIIIIIMIIIIIIIIIIIIIIIIIIIIIIIINIIIMIIIIIIMIIMMIIIIIIIIIMIIIIIIINIIIIIIIIIIIIIIIIIIIIMIIIIII

7/7/2012

Guarantor Adjusted RR e-F

CommittedROC Legal StatusMEDIA- DALLAS

MMESplit Yes

Facility Detail 5Facility ID Number 005161542FX01 Existing Facility RR I EL 0.0006Instrument Description FX Royal Limit GuarantorAdjusted RRGross Facility Amount 2,000,000 Scorecard Facility 170/ i EL 6+ 0,0025

ECurrency USD Override Facility RR / ELGross Facility Amount (USD) 2,000,000 System of Record CRTFXGross Utilization Amount (USD) 0 Country of Risk USMaturity 7/7/2008 RBC Legal Statue GuidanceFinancial Reporting Unit MEDIA - DALLAS Split YesReason for FRR Override

Data Printed: 3/28/2007 Transaction ID: 758554 Page 4 of 7


Bank of America...-

Higher Standards

Obligor Name: TRIBUNE COMPANYObligor GC! #: 005161542Risk Rating Scorecard: Media - MFADate Prepared: 3/2712007

Split 'I

Fed iD Number 005161542FX0111111111111111111. 0.00"fnstnnnsst Description FX Revel Limit

Gross Facility Amount


NIIIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIMIIII—IIIIIMIIIIMIMIIIIIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII

0

MEDIA - DALLAS

Scorecard Facility RR / EL 6+ 0.0025

MM.Split 1111.1=111111

- orison for FRR Override

Facility Detail 6Facility ID Number 00010000051 6154290 Existing Facility RR / EL 0.0006

alIllMIMIIIIIIIIIIIIIIIIMMIIII 0.0025

OCE

AdviUSsed

iiimmReason for FRR Override

No

Facility Detail 7Facility ID Number 000100000516154201 Existing Facility RR 1 EL 4+ 0.0006

-instrument Description Treasury Mgmt Customer Limit (ACH+CDA) Guarantor Adjusted RR " 6+Gross Facility Amount 15,000.000 Scorecard Facility RR / EL 6+ 0.0025Currency USD Override-Facility RR/ ELGross FedlityAmount (USD) 15,060,000 'System of Record OCEGross Utilization Amount (USD) 0 Comity of Risk US

Maturity 6/30/2007 RI3C Legal Statist Advised _Financial Reporting Unit MEDIA - DALLAS '3plit No

Reason for FRR Overade

Facility Detail 8Facility ID Number 005161542FX6L Existing Facility RR / EL 4+ 0.0006

Adjusted RR 6+Gross Facility Amount 5.000000 Scorecard F 0.0025Currency USD

-.,Override Facility RR/EL

Gross Fac1IltyAmount (USD 5,000,000 System of Record CIAS

Gross Utilization Amount 1USD) 0 Countiy Of Risk S

Stitus ariasFinancial Reporting Unit MEDIA - DALLAS Split Noitiason for FRR Override


What If



Page 5 of 7


What If

Bankof America


Obligor Name: TRIBUNE COMPANYObligor GCI 005161542Risk Rating Scorecard: Media - MFADale Prepared: 3/27/2007

Facility Detail 9Facility ID Number 000100000516154277 Existing Facility RR I EL 4+ 0.0006=IIIinstrument Pesci . on International Wire Pre Advice Limit Guarantor Adiu . .- d RR 6+Gress Facility Amount 25,000 Scorecard Facility RR I El. 6+ 0.0025

IMIZZIMMIIIIIIIIMEGross Faci % Amount (USD)

USD25,000

Override Facility RR i EL =INSystem of Record OCE

1111111E1111111Gross Utilization Amount (USD) 0 Country of RiskMaturity 6/3012007 REIC Legal Status AdvisedFinancial Re/xntIng Unit MEDIA - DALLAS Spilt NoReason for ERR Override

Facility Detail 10Facility ID Number U005161542ILT Existing Facility RR i EL 4+ 0.0006Instrument Description Issuer Limits - Securities Trading Guarantor Adjusted RR a+ MIMI

Wall 00025=IIIGross Facility AITMUM MIIIIMMIKEEMZEIMMEMIN Scorecard Facility RR/EL1=5IIIMIn1 USD Override Facility RR / ELGross acility Amount(USD) 115,368,174 System of Record 1111SK

MINIENIMIGross Utilization AmoUrit (USD) 115,368,174 Courdry of RiskMaturity IIIIIIIIMIIIIIIIMIIIIIIMIIIM ROC 1-6101 Statue' CommittedFinancial Reporting Unit GMRM MR REPORTING Split NoReason for FRR Override

Facility Detail 11Facility ID Number 005161542FXCL Existing Facility FIR I EL 4+ r 0.0006Instrument Description FX Contract limit GilarantorAdjUsted.FIR 6+Gross Facility Amount 10,990,000' Scorecard Facility RR I EL 6+ 0.0025Currency USD Override Facility KR! ELGross F of Reco CLASGross Utilization Am SMaturity 7/7/2008 RBC Legal Status GuidanceFinancial Reporting Unit MEDIA - DALLAS Spilt NoReason for FRR.OVerride


HIGHLY CONFIDENTIAL ATTORNEYS' EYES ONLY BOA—TRB-0001884



Obligor Name:Obligor GCICountry of Domicile:Risk Rating Scorecard:Prepared By:Date Prepared:

TRIBUNE COMPANY005161542USMedia - MFAJEFFREY MILLS3127/2007

- • - —Scorecard Topic! Question Suppoding CommentsNS Selection CommentsF/S Combination CommentsFinancial Measures CommentsIn the last 3 yews, how has the company performedrelative to protactions/expectations?As a resuit of any significant merger or acquisitionactivity In the past 3 years, describe the level ofdifficulty integrating and consolidating the operationsor information systems.Does the company provide distinct products and/orservices over existing and potential competitors?Over the past 24 months, has the companysatisfactorily, met its uyment terms and covenants?Has current senior management adequately warnedthe Bank in the event of pending financial distress?What is the refinancing risk of debt maiming in thenext 12 months?Additional OAR Override CommentsFRS Override CommentsOther Comments



Bank of America - Epiq 11

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