News Releases

NEW YORK, December 8, 2008 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the following related securities of Tribune Company (the “Company”) should be suspended immediately. These securities are no longer suitable for trading in light of the Company’s December 8, 2008, announcement that it is voluntarily restructuring its debt obligations under the protection of Chapter 11 of the U.S Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

The securities underlying the SATURNS Trust 2006-1 are $79,795,000 aggregate principal amount of 7 ¼% debentures due November 15, 2096, issued by the Times Mirror Company, to which Tribune Company is the successor by merger. MS Structured Asset Corp. is the depositor for the SATURNS Trust 2006-1.

The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Application to the U.S. Securities and Exchange Commission to delist the issues is pending the completion of applicable procedures, including any appeal by the Company of NYSE Regulation staff’s decision. The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.