Document:

Exhibit 10.1 - Tribune Company Bonus Deferral Plan (as amended and restated
      effective 10/18/06)

    EXHIBIT
      10.1

    
 

    

    TRIBUNE
      COMPANY 

    BONUS
      DEFERRAL PLAN

     

    (As
      Amended and Restated effective as of October 18, 2006)

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    TRIBUNE
      COMPANY BONUS DEFERRAL PLAN

     

    SECTION
      1

     

    Introduction

    

    1.1.
      The Plan.
      TRIBUNE
      COMPANY BONUS DEFERRAL PLAN (the "Plan") was established by TRIBUNE COMPANY,
      a
      Delaware corporation (the "Company"), effective as of December 14, 1993.
      The Plan has been amended and restated effective as of October 18,
      2006.

    

    1.2.
      Purpose.
      The
      Company and certain of its subsidiaries which have adopted, and become
      "Employers" under, the Plan in accordance with subsection 1.3 below, intend
      through the use of the Plan (a) to offer a select group of senior officers
      and
      other highly compensated key employees of the Employers who are described in
      Section 2, the opportunity to defer the receipt of all or a portion of any
      Qualifying Bonus (as defined in subsection 3.3 below) which would otherwise
      be
      payable to them currently, and (b) to provide for involuntary deferral of
      certain Par-ticipants' Qualifying Bonuses in specified circumstances (as
      described in subparagraph 3.1(b) below), for the period provided in the Plan.
      It
      is an additional purpose of the Plan (i) to permit Participants to elect
      irrevocably that the "Increments" thereafter credited for specific periods
      to
      all or a portion of their Accounts under subsections 4.2 and 4.1 below,
      respectively, be calculated based on the investment performance of the common
      stock of the Company during that period and (ii) that said portion of any
      Participant's Account shall be distributed to him in the form of shares of
      common stock of the Company, all as described in greater detail
      below.

    

    1.3.
      Employers; Related Companies; .
      The
      Company and each subsidiary of the Company that (a) is a "Related Company"
      under
      the Tribune Company 401(k) Savings and Profit-Sharing Plan (the "401(k) Plan")
      and (b) employs one or more employees who have become Participants in accordance
      with Section 2 below, shall each be an "Employer" under this Plan. For purposes
      of this Plan, a "subsidiary" of the Company shall mean any corporation, more
      than 50% of the voting stock of which is owned, directly or indirectly, by
      the
      Company.

    

    1.4.
      Plan Administration.
      The
      Plan will be administered and interpreted by the Compensation & Organization
      Committee of the Board of Directors of the Company (or such successor committee
      of said Board as shall from time to time have responsibility for compensation
      matters) (the "Committee"). The Committee has, to the extent appropriate and
      in
      addition to the powers described in subsection 3.1 below, full discretionary
      authority to construe and interpret the terms and provisions of the Plan, to
      adopt, alter and repeal such administrative rules, guide-lines and practices
      governing this Plan and perform all acts, including the delegation of its
      administrative responsibili-ties, as it shall, from time to time, deem
      advisable, and to otherwise supervise the administration of this Plan. The
      Committee may correct any defect, supply any omission or reconcile any
      inconsistency in the Plan, or in any election hereunder, in the manner and
      to
      the extent it shall deem necessary to carry the Plan into effect. Any decision,
      inter-pretation or other action made or taken in good faith by or

     

     

    
      
        
        

      

      
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    at
      the
      direction of the Company, the Board of Directors of the Company, or the
      Committee (or any of its members) arising out of or in connection with the
      Plan
      shall be within the absolute discretion of all and each of them, as the case
      may
      be, and shall be final, binding and conclusive on the Company, the other
      Employers and all employees and Participants and their respective heirs,
      executors, administrators, successors and assigns. The Committee's
      determinations hereunder need not be uniform, and may be made selectively among
      eligible employees, whether or not they are similarly situated. Any actions
      to
      be taken by the Committee will require the consent of a majority of the
      Committee members.

    

    1.5.
      Fiscal Year.
      Reference in this Plan to a "Fiscal Year" means the fiscal year of the relevant
      Employer, which is a 52-53 week year ending on the last Sunday occurring within
      each calendar year.

     

    SECTION
      2

     

    Participation

    

    Subject
      to the conditions and limitations of the Plan, each employee of an Employer
      on
      or after the Effective Date shall become a "Participant" under this Plan as
      of
      the first day as of which such employee:

    

    
      	 	
              (a)

            	
              is
                a participant in the Tribune Company Management Incentive Plan, or
                any
                successor plan designated by the Committee, or is a senior sales
                executive
                covered by a separate Company sales incentive plan,
                and

            

    

    

    
      	 	
              (b)

            	
              is
                subject to Tribune Company stock ownership requirements or meets
                such
                other criteria as determined by the Tribune Company Employee Benefit
                Committee (the “Employee Benefits Committee”) from time to time.
                

            

    

     

    SECTION
      3

     

    Deferral

    

    3.1.
      Election of Deferral; Automatic Deferral; Settlement Date.
      Subject
      to the following provisions of this subsection 3.1 and the provisions of
      subsection 3.2 below, within a period speci-fied from time to time by the
      Employee Benefits Committee, a Participant may make an irrevocable written
      election (on a form prescribed by the Employee Benefits Committee) to defer
      receipt of all or a specified portion of the Qualifying Bonus earned for a
      Fiscal Year, regardless of the year in which that Qualifying Bonus is normally
      or actually paid. Notwithstanding the foregoing provisions of this subjection
      3.1:

    

    
      	 	
              (a)

            	
              Minimum
                Deferral.
                The portion of a Partici-pant's Qualifying Bonus earned for any Fiscal
                Year which the Participant elects to defer hereunder may not be less
                than
                $10,000.

            

    

     

     

    
      
        
        

      

      
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              (b)

            	
              Automatic
                (Deemed) Election.
                In the case of any Participant who, in the judgment of the Committee
                may
                be a "covered employee" under Section 162(m) of the Internal Revenue
                Code
                of 1986, as amended (the "Internal Revenue Code") for such Fiscal
                Year and
                may have "applicable employee remunera-tion" (as defined in said
                Section)
                for that year of more than $1,000,000, the Committee may deter--mine
                in
                its sole discretion that the Participant will be deemed and treated
                as
                having elected to defer all or a portion of his Qualifying Bonus
                for that
                year.

            

    

    

    
      	 	
              (c)

            	
              Deferral
                of Qualifying Bonus Earned for First Year of Participation.
                An employee of an Employer who becomes a Participant during a Fiscal
                Year
                may file a defer-ral election under this subsection 3.1 within 30
                days
                after the date he becomes eligible to participate (but before the
                end of
                that Fiscal Year), which election shall be applicable to his Qualifying
                Bonus for that Fiscal Year.

            

    

     

    
      	 	
              (d)

            	
              
                Election
                  of Manner in which Increments Are Determined and Medium in which
                  Deferred
                  Amounts Are Paid.
                  Each election under this subsection (including any automatic election
                  under subparagraph (b) above) made by a Participant shall indicate
                  the
                  portions of the amount being deferred pursuant to that election,
                  which the
                  Participant elects to have credited to the cash subaccount and
                  stock
                  subaccounts maintained within his Account as of the following March 1
                  under subsection 4.1 below. In addition, the Committee may permit
                  each
                  Participant to elect, on his annual deferral election forms and/or
                  on such
                  other forms (at such other times and in accordance with such rules
                  as the
                  Committee may in its discretion determine), that all or a portion
                  of the
                  balance credited to his cash subaccount as of the following March 1
                  (after all other adjustments to his Account and subaccounts as
                  of that
                  date have been made) be transferred and credited to his stock subaccount.
                  Any amounts to be credited to a Participant's stock subaccount
                  as of a
                  March 1 shall be credited in the form of a number of full and
                  fractional (rounded to the nearest hundredth) hypothetical shares
                  of
                  common stock of the Company which is the quotient of the cash amount
                  that
                  would otherwise be so credited, divided by the fair market value
                  (as
                  defined in subsection 4.5 below) of a share of common stock of
                  the Company
                  on that March 1. Any election by a Participant under this subparagraph
                  (d)
                  to have amounts credited to his stock subaccounts shall be irrevocable,
                  and a Participant may not at any time elect to transfer all or
                  any portion
                  of the balance of his stock subaccount to his cash
                  subaccount.

              

            

      

      
        
          
          

        

        
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              (e)

            	
              In
                no event may a Participant’s deferral election be made later than 6 months
                prior to the end of the Fiscal Year to which the Qualifying Bonus
                relates.
                

            

    

    

    Any
      amounts which a Participant elects to defer under this subsection 3.1 shall
      be
      deferred until the March 1 following the end of the Fiscal Year in which
      the Participant's ter-mination of employment with the Employers and other
      Related Companies occurs; provided, however, that a military or personal leave
      of absence granted by an Employer or Related Company shall not constitute a
      termination of employment for this purpose; and provided further, that the
      Committee shall have the authority to require deferral beyond that date to
      a
      later date to the extent necessary to avoid or reduce a limitation on the
      deductibility by an Employer under Section 162(m) of the Internal Revenue Code,
      of the amounts so defer-red. Said March 1 or later date described in the
      preceding sentence shall be referred to herein as the Participant's Settlement
      Date.

    

    3.2.
      Limitations on Deferral Elections.
      The
      Committee may set, from time to time, limitations on the amount of
      Partici-pants' Qualifying Bonuses which may be subject to deferral hereunder,
      including but not limited to establishing annual limitations relating to
      particular employment positions or grades of employees. The applicable
      limitations for a par-ticular Fiscal Year shall be set forth in an attachment
      to
      the form of deferral election relating to such year.

    

    3.3.
      Qualifying Bonus.
      A
      Participant's "Qualifying Bonus" earned for any Fiscal Year means the bonus
      that
      he is awarded under the Tribune Company Management Incentive Plan for that
      Fiscal Year.

     

    SECTION
      4

     

    Treatment
      of Deferred Amounts

    

    

    4.1.
      Accounts.
      Each
      Employer shall maintain on its books a separate account (the "Account") for
      each
      Participant who has deferred all or a portion of any Qualifying Bonus from
      that
      Employer under this Plan. The amount of the Qualifying Bonus earned for a
      particular Fiscal Year that the Participant elected to defer shall be credited
      to such Participant's Account (on the books of the Employer that paid that
      Qualifying Bonus) as of the March 1 (or the first business day thereafter)
      nearest the date as of which the Qualifying Bonus was awarded. There shall
      be
      established within each Participant's Account a "cash subaccount" and a "stock
      subaccount." Participants may elect in accordance with subparagraph 3.1(d)
      above
      that all or a portion of any future deferral be credited to a particular
      subaccount or that all or a portion of the balance in their cash subaccounts
      be
      transferred to their stock subaccounts.

     

     

    
      
        
        

      

      
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    4.2.
      Increments.
      With
      respect to Participants' Accounts:

    

    
      	 	
              (a)

            	
              Cash
                Subaccounts:
                Increments to Participants' cash subaccounts established under subsection
                4.1 above shall be deemed to earn "interest" at a rate equal to 120%
                of
                the long-term Applicable Federal Rate (quarterly compounding) as
                prescribed under Section 1274(d) of the Internal Revenue Code determined
                as of March 1 of each year or, if such March 1 is not a business
                day, then the first business day following that March 1 (in which
                event references in the Plan to March 1 shall mean the first business
                day following that March 1). Interest shall be credited to Participants'
                accounts as of the last day of each fiscal quarter of the Company.
                Any
                interest deemed to be earned on a Participant's Account balance is
                referred to as an "Increment" for purposes of this
                Plan.

            

    

    

    
      	 	
              (b)

            	
              Stock
                Subaccounts:
                The hypothetical shares of common stock of the Company credited to
                each
                Participant's stock subaccount shall have no voting rights. Dividends,
                rights, warrants and options declared or created with respect to
                actual
                shares of common stock of the Company shall also be deemed to have
                been
                declared or created with respect to hypothetical shares of common
                stock of
                the Company credited to each Participant's stock subaccount. Stock
                dividends deemed declared on such hypothetical shares credited to
                a
                Participant's stock subaccount shall be credited to that subaccount;
                cash
                dividends deemed declared on such hypothetical shares shall be converted
                to additional hypothetical shares in accordance with the formula
                contained
                in subparagraph 3.1(d) above, based on the fair market value of a
                share of
                common stock of the Company as of the day the dividend was paid.
                Rights,
                warrants and options, if any, deemed created with respect to such
                hypothetical shares shall be deemed held, exercised or sold by all
                Participants uniformly, as soon as practicable, as determined by
                the
                Committee in its sole discretion, and the hypothetical proceeds thereof
                attributable to a Participant's stock subaccount shall be applied
                in the
                same manner as cash dividends paid on such shares. Stock splits shall
                be
                treated in the same manner as stock dividends. In the event of a
                corporate
                transaction which results in a change to the outstanding common stock
                of
                the Company, the hypothetical shares of common stock of the Company
                credited to the stock subaccounts of participants shall be adjusted
                hereunder as if those hypothetical shares were shares of outstanding
                common stock of the Company.

            

    

    

    4.3.
      Funding.
      The
      Plan and the recording of Accounts here-under shall not constitute a trust
      and
      shall merely be for the purpose of recording an unsecured contractual
      obligation. Amounts payable under this Plan to a Participant or his bene-ficiary
      shall be paid (i) directly by the Employers from their general assets and/or
      (ii) from Tribune Company Deferred Bene-fit Trust, in 

     

    
      
        
        

      

      
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    such
      proportions (if any) as the Company shall determine. The provisions of this
      Plan
      shall not require that the Employers segregate on their books or otherwise
      any
      amounts to be used for payments under Section 5 of this Plan, except as to
      any
      amounts paid or payable to Tribune Company Deferred Benefit Trust.

    

    4.4.
      Reports.
      Until
      the entire net credit balance in a Par-ticipant's Account shall have been paid
      in full, the Company will furnish to the Participant a report, at least
      annually, setting forth transactions in, and the status of, his
      Account.

    

    4.5.
      Fair Market Value.
      The
      "fair market value" of a share of common stock of the Company shall mean as
      of
      any date the closing price of said common stock as reported on the New York
      Stock Exchange Composite Transaction List for such day or, if the common stock
      was not traded on such day, then the next preceding day on which the common
      stock was traded.

     

    SECTION
      5

     

    Payment
      of Deferred Amounts

    

    5.1.
      Amount of Payment.
      The
      amount to be paid to a Participant as of his Settlement Date in a lump sum
      under
      subsection 5.3 or 5.5 below (or in the case of installments under subsection
      5.3
      below, the amount from which the first installment payment amount will be
      derived) shall be an amount equal to the sum of (a) the net credit balance
      in
      his cash subaccount and the number of hypothetical shares of common stock of
      the
      Company credited to his stock subaccount, as of the last day of the Fiscal
      Year
      immediately preceding his Settlement Date, after all adjustments required to
      be
      made to those subaccounts within his Account as of that date have been made,
      plus (b) the deferred amount (if any) of his Qualifying Bonus for the Fiscal
      Year preceding the year in which his Settlement Date occurred.

    

    5.2.
      Medium of Payment.
      All
      payments of stock subaccount balances under this Plan shall be made in whole
      shares of common stock of the Company, with the fair market value of any
      fractional share (as of the day preceding the date of payment) being paid in
      cash. All payments of cash subaccount balances, and of the deferred amounts
      of
      Qualifying Bonuses for the Fiscal Year preceding the year in which payment
      is
      made or commences, shall be made in cash.

    

    5.3.
      Method of Payment.
      Subject
      to subsection 6.9 below, the net credit balance in a Participant's Account
      shall
      be payable either in a single lump sum payable as of his Settlement Date, or
      in
      a series of annual installments beginning as of his Settlement Date and
      thereafter payable as of each subsequent anniversary thereof. In this regard,
      each Participant will elect on his initial deferral election form the method
      of
      payment of his Account (i.e., lump sum or installments) and, if payment is
      to be
      made in installments, the number of annual installments over which his Account
      balance shall be paid (the "Payout Period"). An initial deferral election form
      shall be filed no later than 30 days after the Participant becomes eligible
      to
      defer. On or before December 31, 2006, a Participant may change an election
      regarding method of payment or Payout Period with respect to amounts deferred
      to
      his or her account (and any investment gains or losses attributable thereto),
      which election will automatically revoke all previous elections as

     

     

    
      
        
        

      

      
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     to
      method of payment and Payout Period. On or after January 1, 2007, no changes
      may
      be made to a Participant’s election with respect to the method of payment of
      deferrals made to his or her account (and any investment gains or losses
      attributable thereto). If a Participant's Account balance is paid in
      installments, it shall be credited with Increments during the Payout Period
      at
      the rate or in the manner from time to time determined under subsection 4.2.
      The
      installment payment to a Participant in any year shall be an amount equal to
      the
      quotient obtained by dividing his cash subaccount balance, and the number of
      hypothetical shares of common stock of the Company credited to his stock
      subaccount, as of the last day of the preceding Fiscal Year by the number of
      payments remaining in his Payout Period, including the current payment. A
      Participant's Payout Period shall include not more than 15 annual installments;
      provided, however, that notwithstanding the foregoing provisions of this
      subsection 5.3, the Committee, in its discretion, may from time to time set
      a
      minimum dollar value amount applicable to individual annual installment payments
      permitted under the Plan, and may adjust the duration of the Payout Period
      elected by a Participant to provide that the dollar value amount of any annual
      installment to that Participant is not projected to be less than the minimum
      annual dollar value amount in effect at the beginning of his Payout Period.
      Notwithstanding the foregoing provisions of this subsection 5.3, a Participant
      who is a “specified employee” as defined in Section 409A(a)(2)(B)(i) of the
      Internal Revenue Code may not receive a distribution under the Plan of any
      amounts credited to his or her account (and any investment gains or losses
      attributable thereto) prior to the date which is 6 months after the date of
      the
      Participant’s termination of employment, or, if earlier, the date of death of
      the Participant. If a specified employee is unable to receive a distribution
      as
      of his or her Settlement Date as a result of the restrictions under Section
      409A, the payment that otherwise would have been made as of his Settlement
      Date
      shall be made as soon as practicable following the lapse of such restrictions.
      

    

    5.4.
      Payment Following Death or Permanent Disability.
      Not-withstanding the Payout Period selected by the Participant, if the
      employment of a Participant is terminated as a result of the Participant's
      death
      or permanent disability, the entire net credit balance in such Participant's
      Account may, in the sole discretion of the Committee, become payable in a lump
      sum to such Participant (or, in the case of death, to his beneficiary) on the
      March 1 immediately following the Participant's death or termination of
      employment due to permanent disability, or on a later date to the extent the
      Committee believes appropriate to avoid or reduce a limitation on the
      deductibility by an Employer under Section 162(m) of the Internal Revenue Code
      (or any successor provision). For purposes of this Plan, a Partic-ipant's
      employment shall be deemed to have been terminated as a result of permanent
      disability in the event the Participant suffers a physical illness, injury
      or
      other impairment with respect to which the Participant is entitled to receive
      bene-fits under the long-term disability plan maintained by the
      Company.

    

    5.5.
      Acceleration of De Minimis Payments.
      Notwithstanding any other provision of this Plan to the contrary, the Committee,
      in its sole discretion, is empowered to accelerate the payment of a
      Participant's Account or of all Participants' Accounts, including conversion
      to
      a smaller number of installment payments or to a single lump sum payment,
      provided that, (a) the payment accompanies the termination of the entirety
      of
      the Participant’s interest in the Plan and all similar plans that are deferred
      compensation plans; (b) the payment is made on or before the later of (i)
      December 31 of the calendar year in which occurs the Participant’s termination
      of employment 

     

    
      
        
        

      

      
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    or
      (ii)
      the date 2-1/2 months after the Participant’s termination of employment; and (c)
      the payment is not greater than $10,000. Neither the Employers nor the Committee
      shall have any obligation to make any such acceleration for any reason
      whatsoever.

    

    5.6.
      Change in Control.
      In the
      event of a change in ownership or effective control of the Company, or in the
      ownership of a substantial portion of the assets of the Company, all as defined
      in Section 409A(a)(2)(A)(v) of the Code or any regulations, notices or rulings
      thereunder, all account balances, whether or not currently in pay status, shall
      become immediately due and payable and distribution shall be made in a lump
      sum
      as soon as practicable thereafter. 

     

    SECTION
      6

     

    General
      Provisions

    

    6.1.
      Interests Not Transferable.
      Except
      as to withholding of any tax under the laws of the United States or any state
      or
      municipality, or with respect to any domestic relations order the Employee
      Benefits Committee or its delegate determines to be valid for this purpose,
      the
      interests of Participants and their bene-ficiaries to amounts deferred under
      the
      Plan are not subject to the claims of their creditors and may not be voluntarily
      or involuntarily transferred, assigned, alienated or encumbered.

    

    6.2.
      Controlling Law.
      To the
      extent not superseded by the laws of the United States, the laws of Illinois
      shall be con-trolling in all matters relating to the Plan.

    

    6.3.
      Gender and Number.
      Where
      the context admits, words in the masculine gender shall include the feminine
      and
      neuter genders, the plural shall include the singular and the singular shall
      include the plural.

    

    6.4.
      Action by the Company.
      Any
      action required of or per-mitted by the Company under the Plan shall be by
      resolution of its Board of Directors or by a duly authorized committee of its
      Board of Directors, or by any person or persons authorized by resolution of
      its
      Board of Directors or such committee.

    

    6.5.
      Successor to the Company or Any Other Employer.
      The
      term "Company" as used in the Plan shall include any successor to the Company
      by
      reason of merger, consolidation, the purchase or transfer of all or
      substantially all of the Company's assets, or otherwise. The term "Employer"
      as
      used in the Plan with respect to the Company or any of its subsidiaries shall
      include any successor to that corporation by reason of merger, consoli-dation,
      the purchase or transfer of all or substantially all of the assets of that
      corporation, or otherwise.

    

    6.6.
      Facility of Payment.
      Any
      amounts payable under this Plan to any person under a legal disability or who,
      in the judgment of the Committee, is unable to properly manage his affairs
      may
      be paid to the legal representative of such person or may be applied for the
      benefit of such person in any manner which the Committee may
      select.

     

    
      
        
        

      

      
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    6.7.
      Expenses.
      The
      Employers, in such proportions as the Company determines, shall bear all
      expenses incurred by them and by the Committee in administering this Plan.
      If a
      claim or dispute arises concerning the rights of a Participant or bene-ficiary
      amounts deferred under the Plan (including Increments thereon), regardless
      of
      the party by whom such claim or dispute is initiated, the Employers shall,
      in
      such proportions as the Company determines, and upon presentation of appropriate
      vouchers, pay all legal expenses, including reasonable attor-neys' fees, court
      costs, and ordinary and necessary out-of-pocket costs of attorneys, billed
      to
      and payable by the Par-ticipant or by anyone claiming under or through the
      Participant (such person being hereinafter referred to as the Participant's
      "claimant"), in connection with the bringing, prosecuting, defending,
      litigating, negotiating, or settling of such claim or dispute; provided,
      that:

    

    
      	 	
              (a)

            	
              The
                Participant or the Participant's claimant shall repay to the Employers
                any
                such expenses theretofore paid or advanced by the Employers if and
                to the
                extent that the party disputing the Participant's rights obtains
                a
                judgment in its favor from a court of competent jurisdiction from
                which no
                appeal may be taken, whether because the time to do so has expired
                or
                other-wise, and it is determined that such expenses were not incurred
                by
                the Participant or the Participant's claimant while acting in good
                faith;
                provided
                further,
                that

            

    

    

    
      	 	
              (b)

            	
              In
                the case of any claim or dispute initiated by a Participant or the
                Participant's claimant, such claim shall be made, or notice of such
                dispute given, with specific reference to the provisions of this
                Plan, to
                the Committee within one year after the occurrence of the event giv-ing
                rise to such claim or dispute.

            

    

    

    6.8.
      Other Benefits.
      The
      benefits provided under the Plan shall, except to the extent otherwise
      specifically provided herein, be in addition to, and not in derogation or
      diminution of, any benefits that a Participant or his beneficiary may be
      entitled to receive under any other plan or program now or hereafter maintained
      by the Company or by any of its subsidiaries.

    

    6.9.
      Withholding.
      The
      Employers shall have the right to deduct from any payment to be made pursuant
      to
      this Plan any federal, state or local taxes required by law to be withheld.
      The
      Employers shall have the further right to deduct from any other payment to
      be
      made to a Participant any federal, state or local taxes required to be withheld
      with respect to amounts deferred under this Plan. Any such deduction with
      respect to payments of shares of common stock of the Company shall be made
      by
      withholding a sufficient number of the shares which would otherwise be paid
      to
      the Participant.

    

    6.10.
      No Obligation.
      Neither
      this Plan nor any elections hereunder shall create any obligation on the
      Employers to continue any other existing award plans or policies or to establish
      or continue any other programs, plans or policies of any kind. Neither this
      Plan
      nor any election made pursuant to this Plan shall give any Participant or other
      employee any right with respect to continuance of employment by the Employers
      or
      any subsidiary or of any specific aggregate amount of compensation, nor shall
      there be a limitation in any way on the right of the Employers

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    or
      any
      subsidiary by which an employee is employed to terminate such employee at any
      time for any reason whatsoever or for no reason, nor shall this Plan create
      a
      contract of employment.

    

    6.11.
      Designation of Beneficiary.
      In the
      event of the death of a Participant, the amount payable under Section 5.5 hereof
      shall, unless the Participant shall designate to the contrary as provided below,
      thereafter be made (a) to such person or persons who, as of the date payment
      is
      to be made under this Plan, would receive distribution of the Participant's
      account balances, if any, under the terms of the 401(k) Plan, or (b) if the
      Participant is not a participant in the 401(k) Plan at the time of his death,
      then to his surviving spouse or (if there is no surviving spouse) to his estate.
      Notwithstanding the preceding sentence, a Participant may specifically designate
      the person or persons (who may be designated successively or contingently)
      to
      receive payments under this Plan following the Participant's death by filing
      a
      written beneficiary designation with the Committee during the Participant's
      lifetime. Such beneficiary designation shall be in such form as may be
      prescribed by the Committee and may be amended from time to time or may be
      revoked by the Participant pursuant to written instruments filed with the
      Committee during his lifetime. Beneficiaries designated by a Participant may
      be
      any natural or legal person or persons, including a fiduciary, such as a trustee
      of a trust or the legal representative of an estate. Unless otherwise provided
      by the beneficiary designation filed by a Participant, if all of the persons
      so
      designated die before a Participant on the occurrence of a contingency not
      contemplated in such beneficiary designation, then the amount payable under
      this
      Plan shall be paid to the person or persons determined in accordance with the
      first sentence of this subsection 6.11.

    

    6.12.
      Liability.
      No
      member of the Board of Directors of the Company or any Employer, no employee
      of
      an Employer and no member of the Committee (nor the Committee itself) shall
      be
      liable for any act or action hereunder whether of omission or commission, by
      any
      other member or employee or by any agent to whom duties in connection with
      the
      administration of the Plan have been delegated or, except in circumstances
      involving his bad faith, gross negligence or fraud, for anything done or omitted
      to be done by himself. The Employers will fully indemnify and hold the members
      of the Committee harmless from any liability hereunder, except in circumstances
      involving a Committee member's bad faith, gross negligence or fraud. The Company
      or the Committee may consult with legal counsel, who may be counsel for the
      Company or other counsel, with respect to its obligations or duties hereunder,
      or with respect to any action or proceeding or any question of law, and shall
      not be liable with respect to any action taken or omitted by it in good faith
      pursuant to the advice of such counsel.

     

    SECTION
      7

     

    Amendment
      and Termination

    

    While
      the
      Employers expect to continue the Plan, the Company must necessarily reserve
      and
      reserves the right to amend the Plan from time to time or to terminate the
      Plan
      at any time, subject to Section 409A of the Internal Revenue Code However,
      neither an amendment of the Plan nor termination of the Plan may, without the
      Participant's consent, adversely affect any deferred amounts or increments
      already credited to his Account as of the date such amendment is made or the
      termination of the Plan occurs and which, but for such amendment or termination,
      

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    are
      payable under this Plan on, or would become payable under this Plan after,
      the
      date such amendment is made or the termination of the Plan occurs.

    

    IN
      WITNESS WHEREOF, the Tribune Company Employee Benefits Committee has caused
      the
      foregoing to be executed on behalf of Tribune Company by the undersigned duly
      authorized Chairman of the Committee as of the 18th
      day of
      October 2006.

    

    

    
      	 	 	
              TRIBUNE
                COMPANY

               

               

            
	 	 	
              By:  /s/
                Donald C. Grenesko

              Chairman
                of Tribune Company

              Employee
                Benefits Committee

            

    

    

    

    
      
        
        

      

      
        11Exhibit 10.2 - Tribune Company Supplemental Defined Contribution Plan (as amended
      and restated effective 10/18/06)

     

    EXHIBIT
      10.2

     

     

     

     

    TRIBUNE
      COMPANY

    SUPPLEMENTAL
      DEFINED CONTRIBUTION PLAN 

     

    (As
      Amended and Restated Effective October 18, 2006) 

     

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    TRIBUNE
      COMPANY SUPPLEMENTAL DEFINED CONTRIBUTION PLAN

     (As
      Amended and Restated Effective October 18, 2006) 

     

     

    SECTION
      1

     

     

    Introduction

     

     

    1.1   The
      Plan.
      TRIBUNE
      COMPANY SUPPLEMENTAL DEFINED CONTRIBUTION PLAN (the “Plan”), was established by
      TRIBUNE COMPANY, a Delaware corporation (the “Company”), effective
      January 1, 1994 to provide certain benefits representing contributions that
      could not be allocated to eligible employee accounts in the Tribune Company
      Employee Stock Ownership Plan (“ESOP”) because of limitations imposed by
      Section 401(a)(17) of the Internal Revenue Code of 1986, as amended (the
“Code”). Effective January 1, 2004, no further contributions were made to
      the ESOP and the ESOP was merged into the Tribune Company 401(k) Savings and
      Profit Sharing Plan (the “Savings Plan”); therefore, the Plan was restated to
      provide that eligible employees will receive benefits hereunder to represent
      amounts that may not be allocated as employer Retirement and Profit Sharing
      Contributions under the Savings Plan because of the limitations of
      Section 401(a)(17) of the Code. 

     

    1.2   Purpose. The
      Company and certain of its subsidiaries maintain, and are Employers under,
      the
      Savings Plan, which is intended to constitute a qualified plan with a cash
      or
      deferred arrangement that meets the requirements for qualification under
      Sections 401(a) and 401(k) of the Code. Section 401(a)(17) of the Code
      limits the amount of employees' annual compensation that may be taken into
      account in determining the amount of Employer contributions that may be
      allocated to accounts under a qualified defined contribution plan, to $200,000
      (subject to cost-of-living adjustments of that amount calculated as described
      in
      said Section 401(a)(17)) (the “Compensation Limitation”). The purpose of
      this Plan is to provide for Participants in this Plan the amount of Employer
      contributions that would have been allocated to their respective accounts under
      the Savings Plan but for the Compensation Limitation. 

     

    1.3   Employers.
      The
      Company and each subsidiary of the Company that is an Employer under the Savings
      Plan shall be an “Employer” under this Plan unless specified to the contrary by
      the Company by notice to the Committee described in subsection 1.4.

     

    1.4   Plan
      Administration.
      The
      Plan will be administered by the Employee Benefits Committee of the Company
      (or
      such successor committee as shall from time to time have responsibility for
      administering the Savings Plan) (the “Committee”). The Committee has, to the
      extent appropriate and in addition to the powers described in subsection 2.1
      below, the same powers, rights, duties and obligations with respect to the
      Plan
      as under the Savings Plan with respect to that plan. The Committee's
      determinations hereunder need not be uniform, and may be made selectively among
      eligible employees, whether or not they are similarly situated. The Plan will
      be
      administered on the basis of a “Plan Year” which is each calendar year.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

     

    SECTION
      2

     

    Participation
      and Supplemental Benefits 

     

     

    2.1   Eligibility.
      Subject
      to the conditions and limitations of the Plan, each Employee of an Employer
      on
      or after January 1, 2004, who is a participant in the Savings Plan shall
      become a “Participant” under this Plan, entitled to benefits payable under this
      Plan, as of the first day of the first plan year under the Savings Plan which
      begins on or after January 1, 2004, and during which the Compensation (as
      defined in the Savings Plan) of such participant, determined without the
      Compensation Limitation, is greater than the Compensation Limitation.

     

    In
      the
      event of the death of such a Participant, his beneficiary shall be entitled
      to
      participate in the Plan as of the date benefit payments to such beneficiary
      commence under the Plan, to the extent provided by the following subsections
      of
      the Plan. 

     

    2.2   Amount
      of Supplemental Benefits.
      The
      Committee shall maintain or cause to be maintained in the records of the Plan
      one or more separate bookkeeping accounts in the name of each Participant.
      A
      Participant who participated in the Plan prior to January 1, 2004, shall
      have as his opening account balance the amount credited to his Plan account
      as
      of December 31, 2003. In accordance with rules established by the
      Committee, the Committee shall credit, at such time as the Committee determines,
      to each Participant's account an amount equal to the difference between
      (i) the value of the amount that would have been credited to the
      Participant's account as an employer Retirement Contribution and employer Profit
      Sharing Contribution under the Savings Plan if there had been no Compensation
      Limitation in effect and (ii) the amount that is so credited to the
      Participant's account in the Savings Plan. 

     

    2.3   Adjustment
      of Accounts.
      The
      Committee shall adjust each Participant's accounts to reflect
      (a) hypothetical earnings and losses of such benchmark investments as the
      Participant may elect among such benchmark investments as the Committee shall
      determine, and (b) distributions to the Participant. Any such adjustment,
      and any Participant election among benchmark investments, shall be made at
      such
      times, in such manner and subject to such rules as the Committee may determine.
      

     

    2.4   Payment
      of Accounts.
      A
      Participant (or his beneficiary in the event of his death) shall receive in
      a
      lump sum, within a reasonable period of time after the Participant terminates
      employment with all Employers, a cash amount equal to the vested balance of
      his
      accounts (as determined under Section 2.6); provided, a Participant may
      elect to receive the value of his accounts in annual installments over two
      to
      ten years or to defer payment until he attains age 65; provided further that
      the
      portion of a Participant’s account that has a benchmark investment in common
      stock of the Company shall be distributed in shares of such stock. A Participant
      may elect a different method of payment or installments by the later of December
      31, 2006 or the date which is 30 days following the date the Participant first
      becomes eligible to participate. On or after January 1, 2007 no changes may
      be
      made to a Participant’s election with respect to the method of 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    payment.
      Notwithstanding the foregoing provisions of this subsection 2.4, a Participant
      who is a “specified employee” as defined in Section 409A(a)(2)(B)(i) of the Code
      may not receive a distribution under the Plan of any amounts credited to his
      or
      her account (and any investment gains or losses attributable thereto) prior
      to
      the date which is 6 months after the date of the Participant’s termination of
      employment, or, if earlier, the date of death of the Participant. If a specified
      employee is unable to receive a distribution as of his or her Settlement Date
      as
      a result of the restrictions under Section 409A, the payment that otherwise
      would have been made as of his Settlement Date shall be made as soon as
      practicable following the lapse of such restrictions. 

     

    2.5   Change-In-Control.
      In the
      event of a Change-In-Control of the Company as defined in Section 3.1, all
      account balances, whether or not currently in pay status, shall become
      immediately due and payable and distribution shall be made in a lump sum as
      soon
      as practicable thereafter.

     

    2.6   Vesting.
      A
      Participant shall be fully vested, and have a nonforfeitable right to, the
      balances in his account representing employer Retirement Contributions that
      could not be credited under the Savings Plan, as adjusted in accordance with
      Section 2.3, and amounts credited to his account as of December 31,
      2003 (representing amounts that could not be credited under the ESOP), as
      adjusted in accordance with Section 2.3 of the Plan. The amounts credited
      to his account representing employer Profit Sharing Contributions, as adjusted
      in accordance with Section 2.3, shall vest in accordance with the following
      table: 

     

    
      	
              If
                the Participant's

              Number
                of Years of Service is: 

            	
               

            	
              Then
                his Nonforfeitable Percentage Shall Be: 

            
	
              Less
                than five

            	
               

            	
              0%

            
	
              Five
                or more

            	
               

            	
              100%

            

    

     

    Years
      of
      Service shall be determined in accordance with the terms of the Savings Plan.
      

     

    2.7   Funding.
      Benefits payable under this Plan to a Participant or his beneficiary shall
      be
      paid directly by the Employers from their general assets, in such proportions
      as
      the Company shall determine. The provisions of this Plan shall not require
      that
      the Employers segregate on their books or otherwise any amount to be used for
      payment of benefits under this Plan; provided, the Employers may establish
      a
      grantor (“rabbi”) trust to hold assets for the payment of Plan accounts, and any
      payout from such trust to or on behalf of a Participant shall extinguish the
      Employer's liability hereunder to the extent of such payment. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    SECTION
      3

     

    General
      Provisions 

     

     

    3.1   Terms.
      References in this Plan to an individual as being a “participant” in the Savings
      Plan and (unless expressly provided to the contrary in this Plan) terms used
      in
      this Plan that also are used in the Savings Plan as to that individual shall
      have the meanings for those terms set forth in the Savings Plan. For purposes
      of
      this Plan, a “subsidiary” of the Company shall mean any corporation, more than
      50% of the voting stock in which is owned, directly or indirectly, by the
      Company and the term “Change-In-Control” shall mean a change in ownership or
      effective control of the Company, or in the ownership of a substantial portion
      of the assets of the Company, all as defined in Section 409A(a)(2)(A)(v) of
      the
      Code or any regulations, notices or rulings thereunder.

     

    3.2   Beneficiary.
      A
      Participant may designate the person or persons (including a trustee or
      trustees) in an instrument filed with the Committee (in such form and in such
      manner as the Committee may determine) to receive upon his death any amounts
      remaining in his Plan account; provided, that in the case of a Participant
      who
      is legally married on the date of his death, the Participant's beneficiary
      shall
      be his spouse unless such spouse validly consents in writing to a different
      beneficiary designation. The designation of the beneficiary (or form of payment)
      cannot be changed without the spouse's consent unless the consent expressly
      permits designations by the Participant without any further consent of the
      spouse. The spouse's consent must acknowledge the effect of the designation
      and
      be witnessed by a representative
      of the Plan or a notary public. Any death benefits payable hereunder and not
      effectively disposed of pursuant to a valid beneficiary designation shall be
      distributed in the following priority: 

     

    
      	(i)	
               
                to the Participant's spouse living at his death, if any; and
                

            

    

    

    
      	 	
              (ii)

            	
                if
                the Participant has no spouse living at the time of his death, then
                to his
                estate. 

            

    

     

    3.3   Employment
      Rights.
      Establishment of the Plan shall not be construed to give any Participant the
      right to be retained in the service of the Company or any of its subsidiaries
      or
      to any benefits not specifically provided by the Plan. 

     

    3.4   Interests
      Not Transferable.
      Except
      as to withholding of any tax under the laws of the United States or any state
      or
      municipality, the interests of Participants and any other persons who become
      entitled to a benefits under the Plan are not subject to the claims of their
      creditors and may not be voluntarily or involuntarily transferred, assigned,
      alienated or encumbered. Notwithstanding the immediately preceding sentence,
      payment of a Participant's benefits shall be made pursuant to the terms of
      a
      valid domestic relations order. For purposes of this plan, a "valid domestic
      relations order" shall be a judgment, decree or order made pursuant to and
      valid
      under a state domestic relations law that relates to the provision of child
      support, alimony payments or marital property rights and that provides for
      payment of a Participant's benefits to a spouse, former spouse, child or

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    other
      dependent of the Participant, so long as the judgment, decree or order clearly
      specifies what benefits are to be paid pursuant to the order and provides that
      benefits are paid only if, when and as otherwise paid to the Participant. The
      Committee shall have sole and complete discretion to determine whether a
      judgment, decree or order constitutes a valid domestic relations order for
      purposes of this Section. 

     

    3.5   Controlling
      Law.
      To the
      extent not superseded by the laws of the United States, the laws of Illinois
      shall be controlling in all matters relating to the Plan. 

     

    3.6   Gender
      and Number.
      Where
      the context admits, words in the masculine gender shall include the feminine
      and
      neuter genders, the plural shall include the singular and the singular shall
      include the plural. 

     

    3.7   Action
      by the Company.
      Any
      action required of or permitted by the Company under the Plan shall be by
      resolution of its Board of Directors or by a duly authorized committee of its
      Board of Directors, or by any person or persons authorized by resolution of
      its
      Board of Directors or such committee. 

     

    3.8   Successor
      to the Company or Any Other Employer.
      The
      term “Company” as used in the Plan shall include any successor to the Company by
      reason of merger, consolidation, the purchase or transfer of all or
      substantially all of the Company's assets, or otherwise. The term “Employer” as
      used in the Plan with respect to the Company or any of its subsidiaries shall
      include any successor to that corporation by reason of merger, consolidation,
      the purchase or transfer of all or substantially all of the assets of that
      corporation, or otherwise. 

     

    3.9   Facility
      of Payment.
      Any
      amounts payable under this Plan to any person under a legal disability or who,
      in the judgment of the Committee, is unable to properly manage his affairs
      may
      be paid to the legal representative of such person or may be applied for the
      benefit of such person in any manner which the Committee may select.

     

    3.10    Other
      Benefits.
      The
      benefits provided under the Plan shall, except to the extent otherwise
      specifically provided herein, be in addition to, and not in derogation or
      diminution of, any benefits that a Participant or his beneficiary may be
      entitled to receive under any other plan or program now or hereafter maintained
      by the Company or by any of its subsidiaries. 

     

    3.11    Rights
      in the Event of Dispute.
      If a
      claim or dispute arises concerning the rights of a Participant or beneficiary
      to
      benefits under the Plan, regardless of the party by whom such claim or dispute
      is initiated, the Company shall, upon presentation of appropriate vouchers,
      pay
      all legal expenses, including reasonable attorneys' fees, court costs, and
      ordinary and necessary out-of-pocket costs of attorneys, billed to and payable
      by the Participant or by anyone claiming under or through the Participant (such
      person being hereinafter referred to as the Participant's “claimant”), in
      connection with the bringing, prosecuting, defending, litigating, negotiating,
      or settling of such claim or dispute; provided, that: 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (a)
      the
      Participant or the Participant's claimant shall repay to the Company any such
      expenses theretofore paid or advanced by the Company if and to the extent that
      the party disputing the Participant's rights obtains a judgment in its favor
      from a court of competent jurisdiction from which no appeal may be taken,
      whether because the time to do so has expired or otherwise, and it is determined
      that such expenses were not incurred by the Participant or the Participant's
      claimant while acting in good faith; provided further, that 

    

    (b)
      in
      the case of any claim or dispute initiated by a Participant or the Participant's
      claimant, such claim shall be made, or notice of such dispute given, with
      specific reference to the provisions of this Plan, to the Committee within
      one
      year after the occurrence of the event giving rise to such claim or dispute.
      

     

     

    SECTION
      4 

     

    Amendment
      and Termination 

     

    While
      the
      Company and its subsidiaries that become Employers expect to continue the Plan,
      the Company must necessarily reserve and reserves the right to amend the Plan
      from time to time (including the right to amend the manner in which accounts
      are
      adjusted to reflect investment earnings and losses or the time value of money)
      or to terminate the Plan at any time, subject to Section 409A of the Code.
      However, neither an amendment of the Plan nor termination of the Plan may:
      

     

    (a)
      cause
      the reduction in the amount credited to any Participant's account (and of the
      Employers' obligation to pay such account) which had accrued as of the date
      such
      amendment is made or the termination of the Plan occurs and which, but for
      such
      amendment or termination, are payable under this Plan on, or would become
      payable under this Plan after, the date such amendment is made or the
      termination of the Plan occurs; or 

    

    (b)
      cause
      the modification, rescission or revocation of (i) the provisions of
      subsection 2.5 with respect to a Change-In-Control or (ii) any written
      determinations by the Committee pursuant to
      subsection 2.4 as to the form of payment of accounts to any person that are
      in
      effect on said date. 

     

    In
      addition, no amendment or termination of the Plan which has the effect of
      reducing or diminishing the right of any Participant to receive any payment
      or
      benefit under the Plan will become effective prior to the expiration of the
      36
      consecutive month period commencing on the date of a Change-In-Control, if
      such
      amendment or termination was adopted (i) on the day of or subsequent to the
      Change-In-Control, (ii) prior to the Change-In-Control, but at the request
      of any third party participating in or causing the Change-In-Control, or
      (iii) otherwise in connection with or in anticipation of a
      Change-In-Control. 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    SECTION
      5

     

     

    Claims
      for Benefits Procedure 

     

    5.1   Claim
      for Benefits.
      Any
      claim for benefits under the Plan shall be made in writing to any member of
      the
      Committee. If such claim for benefits is wholly or partially denied by the
      Committee, the Committee shall, within a reasonable period of time, but not
      later than sixty (60) days after receipt of the claim, notify the claimant
      of the denial of the claim. Such notice of denial shall be in writing and shall
      contain: 

     

    (a)
      The
      specific reason or reasons for denial of the claim; 

    

    (b)
      A
      reference to the relevant Plan provisions upon which the denial is based;

    

    (c)
      A
      description of any additional material or information necessary for the claimant
      to perfect the claim, together with an explanation of why such material or
      information is necessary; and 

    

    (d)
      An
      explanation of the Plan's claim review procedure as set forth below.

     

    5.2   Request
      for Review of a Denial of a Claim for Benefits.
      Upon
      the receipt by the claimant of written notice of denial of the claim, the
      claimant may within ninety (90) days file a written request to the
      Committee, requesting a review of the denial of the claim, which review shall
      include a hearing if deemed necessary by the Committee. In connection with
      the
      claimant's appeal of the denial of his/her claim, he/she may review relevant
      documents and may submit issues and comments in writing. 

     

    5.3   Decision
      Upon Review of Denial of Claim for Benefits.
      The
      Committee shall render a decision on the claim review promptly, but no more
      than
      sixty (60) days after the receipt of the claimant's request for review,
      unless special circumstances (such as the need to hold a hearing) require an
      extension of time, in which case the sixty (60) day period shall be
      extended to 120 days. Such decision shall: 

     

    (a)
      Include specific reasons for the decision; 

    

    (b)
      Be
      written in a manner calculated to be understood by the claimant; and

    

    (c)
      Contain specific references to the relevant Plan provisions upon which the
      decision is based. 

     

    The
      decision of the Committee shall be final and binding in all respects on both
      the
      Company and the claimant. 

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

     

     

    IN
      WITNESS WHEREOF, the Tribune Company Employee Benefits Committee has caused
      the
      foregoing to be executed on behalf of Tribune Company by the undersigned duly
      authorized Chairman of the Committee as of the 18th
      day of
      October 2006.

     

    
      	 	 	
              TRIBUNE
                COMPANY

               

               

            
	 	 	
              By: 
                /s/ Donald C. Grenesko

              Chairman
                of Tribune Company

              Employee
                Benefits Committee

            

    

     

     

     

    
      
        
        

      

      
        8

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