On August 1, 2019, the Board of Directors of Tribune Media Company declared a quarterly cash dividend on the Company's common stock of $0.25 per share to be paid on September 3, 2019 to holders of record of the Company's common stock and warrants as of the close of business on August 19, 2019. However, in the event the Nexstar Merger closes prior to the close of business on August 19, 2019, holders of the Company's common stock and warrants will not be entitled to this dividend.