Exhibit (c)(9)

Perspectives on Tower’s Recent Financial Performance 30 March 2007 Presentation to the Committee of Independent Directors of the Board of Directors of Tribune

Selected Observations Perspectives on Tower’s Recent Financial Performance 1 • Tower’s year-to-date financial performance is on track with the Management Plan for 2007 • The Management Plan projects 2007 EBITDA of $1,264MM, which is $48MM higher than the Management Downside Case A; and 2008 EBITDA of $1,333MM, or $161MM higher than the Management Downside Case A • The Company’s rating agency presentation is based on the Management Plan • Research estimates for Tower’s 2007 EBITDA have remained stable since the beginning of the year • The stock prices of 15 of 18 comparable media companies have appreciated since the announcement of the strategic review process in September 2006 • EBITDA trading multiples have also increased for all of the comparable publishing and broadcasting companies except McClatchy and Media General

Year-to-Date Performance is On Track With the Management Plan January/February Actual Results vs. 2007 Management Plan Perspectives on Tower’s Recent Financial Performance Notes 1. Adjusted EBITDA defined as EBITDA plus equity income from unconsolidated assets 2 $148.5 $3.7 $0.5 $6.1 $6.7 $145.9 110 120 130 140 150 160 170 180 190 200 210 Adj. EBITDA: 2007 Plan Publishing Broadcasting Corporate Equity Income Adj. EBITDA: 2007 Actual Adjusted EBITDA (1) $MM Source Management $142.7 $0.5 $6.1 $6.7 $143.8 110 120 130 140 150 160 170 180 190 200 210 EBITDA: 2007 Plan Publishing Broadcasting Corporate EBITDA: 2007 Actual EBITDA $MM $822.7 $0.7 $13.6 $835.5 800 810 820 830 840 850 860 870 Revenue: 2007 Plan Publishing Broadcasting Revenue: 2007 Actual Revenue $MM Change: –2% Change: –1% Change: +2% 2007 January/February Actual 2007 January/February Plan

Management Anticipated Most of the Decline Relative to 2006 Actuals January/February Actual Results vs. 2006 Actual Performance Perspectives on Tower’s Recent Financial Performance Notes 1. Adjusted EBITDA defined as EBITDA plus equity income from unconsolidated assets 3 $148.5 $2.7 $7.6 $5.2 $39.5 $198.0 110 120 130 140 150 160 170 180 190 200 210 Adj. EBITDA: 2006 Actual Publishing Broadcasting Corporate Equity Income Adj. EBITDA: 2007 Actual Adjusted EBITDA (1) $MM Source Management $822.7 $0.7 $37.5 $859.5 800 810 820 830 840 850 860 870 Revenue: 2006 Actual Publishing Broadcasting Revenue: 2007 Actual Revenue $MM $142.7 $7.6 $5.2 $39.5 $194.9 110 120 130 140 150 160 170 180 190 200 210 EBITDA: 2006 Actual Publishing Broadcasting Corporate EBITDA: 2007 Actual EBITDA $MM Change: –4% Change: –27% Change: –25% 2007 January/February Actual 2006 January/February Actual

Tower’s Rating Agency Presentation Was Based on the Management Plan Dated March 2007 Perspectives on Tower’s Recent Financial Performance 4 9.2 8.9 8.4 8.1 6 7 8 9 10 Management Plan Management Downside Case Debt/Adj. EBITDA Adjusted Debt/Adj. EBITDA Pro Forma Debt / 2007E Adjusted EBITDA (1) x 9.2 8.3 8.5 7.6 6 7 8 9 10 Management Plan Management Downside Case Debt/Adj. EBITDA Adjusted Debt/Adj. EBITDA Pro Forma Debt / 2008E Adjusted EBITDA (1) x Notes 1. Adjusted EBITDA as per Rating Agency Presentation dated March 2007 excludes stock-based compensation expense and Cubs BCF, and includes cash flow from equity investments and $80MM assumed cost savings 2. Assumes Pro Forma Debt of $12,731MM as of Q4 2007 as per Rating Agency Presentation dated March 2007 3. Adjusted Debt based on Pro Forma Debt less $1,071MM estimated value of tax savings as per Rating Agency Presentation dated March 2007 (calculated as the 10-year present value of annual tax savings discounted at a 7.5% discount rate) 2007E Adjusted EBITDA: Management Plan: $1,434MM Management Downside Case: $1,386MM 2008E Adjusted EBITDA: Management Plan: $1,540MM Management Downside Case: $1,379MM Source Tower Rating Agency Presentation and Management Business Plan (2) (3) (2) (3) Adjusted EBITDA Calculation - Rating Agency Presentation $MM 2007E 2008E Management Plan EBITDA $1,264 $1,333 Add: Stock-based compensation 41 51 Less: Cubs BCF (20) (24) Operating Cash Flow $1,285 $1,360 Add: $60MM Cash 401(k) Savings 60 60 Add: $20MM Cost Savings 20 20 Add: Cash Flow from Equity Investments 69 100 Adjusted EBITDA $1,434 $1,540 Management Downside Case EBITDA $1,216 $1,172 Add: Stock-based compensation 41 51 Less: Cubs BCF (20) (24) Operating Cash Flow $1,237 $1,199 Add: $60MM Cash 401(k) Savings 60 60 Add: $20MM Cost Savings 20 20 Add: Cash Flow from Equity Investments 69 100 Adjusted EBITDA $1,386 $1,379

1,211 1,355 1,210 1,228 1,328 1,208 1,228 1,291 1,197 1,333 1,269 1,289 1,264 1,342 1,214 1,263 1,265 1,261 1,263 1,279 1,289 1,264 1,258 1,261 1,263 1,279 1,289 1,216 800 900 1,000 1,100 1,200 1,300 1,400 1,500 Tower Management Plan Research Average A.G. Edwards Bear Stearns Credit Suisse Deutsche Bank Morgan Stanley Prudential Wachovia January '07 February '07 Current Management Downside Case 2007 Tower EBITDA Estimates (1) $MM Research Estimates Have Been Consistent Since January Perspectives on Tower’s Recent Financial Performance 5 Change in 2007 EBITDA Estimates Since January: Tower Management Plan (5.2%) Tower Management Downside Case (2) (8.8%) Research Average (0.9%) A.G. Edwards (2.2%) Bear Stearns (0.1%) Credit Suisse (4.7%) Deutsche Bank 6.2% Morgan Stanley 1.4% Prudential (4.7%) Wachovia (1.1%) Source Management Business Plan and Wall Street research Notes 1. PF for sale of SCNI and Boston, Albany and Atlanta TV stations 2. Based on current Management Downside Case relative to January Management Case

8% 3% 3% 1% (2%) (3%) (21%) 1% 119% 106% 105% 61% 24% 18% 16% 14% 14% 14% 14% -40% -20% 0% 20% 40% 60% 80% 100% 120% Tower Nexstar LIN TV Sinclair Gray Television Lee Ent. Time Warner Belo Viacom Disney Journal Comms Hearst Arglye CBS Gannett NY Times Wash. Post Media General Journal Reg. McClatchy Total Return (1) Change since September 14, 2006 Most Comparables Have Appreciated Since September Total Return Since Week Prior to Announcement of Strategic Review Process Perspectives on Tower’s Recent Financial Performance 6 Source FactSet • Since the week prior to the announcement of the strategic review process in September 2006, 15 out of 18 of a broad set of media comparables have experienced positive total returns Price @ September 14, 2006: $31.25 $4.19 $7.57 $7.87 $6.57 $24.33 $16.91 $16.17 $35.79 $30.39 $11.43 $23.77 $28.54 $54.97 $23.05 $753.50 $39.61 $6.23 $40.10 Price @ March 28, 2007: $31.13 $9.19 $15.61 $15.55 $10.48 $29.78 $19.91 $18.52 $40.80 $34.23 $12.84 $26.85 $30.37 $56.05 $23.35 $759.74 $38.27 $5.98 $31.36 Notes 1. Total return assumes reinvestment of dividends. From September 14, 2006 to March 28, 2007

8.2 7.6 12.6 11.1 9.9 9.2 8.4 7.1 14.1 13.2 12.6 11.6 8.3 8.2 7.8 7.4 7.6 8.2 8.6 8.7 7.8 8.0 8.7 8.4 0 2 4 6 8 10 12 14 16 18 Tower Belo Gannett Media General Journal Register Lee NY Times McClatchy Hearst- Argyle Lin TV Gray Sinclair September 14, 2006 March 28, 2007 2007E EBITDA Multiples (1) x Publishing and Broadcasting Multiples Have Increased Since September Perspectives on Tower’s Recent Financial Performance 7 Multiples as of Week Prior to Announcement of Strategic Review Process vs. Current • 68% of Tower’s EBITDA is from publishing-related businesses, and 32% is from broadcasting-related businesses – Including cash flow from unconsolidated assets, 37% of Adjusted EBITDA is from broadcasting-related businesses Notes 1. As of September 14, 2006 and March 28, 2007 Diversified Publishing Average Increase: 0.5x (7%) Pure Play Publishing Average Increase: 0.2x (2%) Broadcasting Average Increase: 2.2x (21%) Tower Increase: 0.2x (3%) Source Management Business Plan and Wall Street research

Perspectives on Tower’s Recent Financial Performance Tower’s First Quarter Performance is Generally Below Average Tower Quarterly Revenue and EBITDA for 2005-2007 Notes 1. PF for sale of SCNI, Hoy NY newspapers and Albany, Atlanta and Boston TV stations. Excludes Cubs 2. Includes stock-based compensation 8 1,377 1,257 1,320 1,214 1,354 1,233 1,334 1,264 1,370 1,272 1,351 1,280 800 1,000 1,200 1,400 1,600 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Quarterly Revenue (1) 2005-2007 Source Management 2006 Actual 2007 Plan 2005 Actual Year-over-year Change: (1.2%) (1.3%) (3.1%) (1.2%) (3.9%) (1.0%) 1.9% 1.7% 388 287 330 240 363 261 352 281 338 307 379 325 0 100 200 300 400 500 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Quarterly EBITDA (1)(2) 2005-2007 2006 Actual 2007 Plan 2005 Actual Source Management Year-over-year Change: (13.5%) (7.1%) (15.1%) 7.5% (14.6%) (6.2%) 10.2% 6.8%

Perspectives on Tower’s Recent Financial Performance Recent Sector Revenue Trends Tower vs. Gannett and McClatchy 9 (1.9%) 1.3% (3.0%) (5.6%) 0.2% 0.2% 1.4% (0.5%) (1.8%) -6% -4% -2% 0% 2% Tower Gannett McClatchy Jan '07 Feb '07 Dec '06 Local Advertising Publishing Revenue Year over Year Growth (%) (3.1%) (5.3%) 1.2% (5.8%) 0.3% (7.3%) (5.2%) (3.8%) (5.1%) -10% -8% -6% -4% -2% 0% 2% Tower Gannett McClatchy Jan '07 Feb '07 Dec '06 Total Advertising Publishing Revenue Year over Year Growth (%) (8.5%) 0.0% (10.6%) (8.5%) 2.5% (11.9%) (12.4%) (6.3%) (13.3%) -15% -10% -5% 0% 5% Tower Gannett McClatchy Jan '07 Feb '07 Dec '06 Classified Advertising Publishing Revenue Year over Year Growth (%) (2.3%) (6.5%) 1.6% (5.2%) 1.7% (5.0%) (5.1%) (4.5%) (3.4%) -8% -6% -4% -2% 0% 2% 4% Tower Gannett McClatchy Jan '07 Feb '07 Dec '06 Total Consolidated Revenues Year over Year Growth (%) Source Company Press Releases 0.1% 10.9% (16.5%) (18.4%) (4.8%) (3.2%) 4.2% (5.7%) (2.0%) -25% -15% -5% 5% 15% Tower Gannett McClatchy Jan '07 Feb '07 Dec '06 National Advertising Publishing Revenue Year over Year Growth (%) (3.0%) (6.5%) 1.3% (5.2%) 1.7% (6.0%) (5.1%) (2.3%) (5.1%) -10% -8% -6% -4% -2% 0% 2% 4% Tower Gannett McClatchy Jan '07 Feb '07 Dec '06 Total Publishing Revenue Year over Year Growth (%)