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Tribune Declares Quartly Dividend,
Elects New Members to Board of Directors
Company appoints Vice
President for Security Services
Vice President for Tax
also named
CHICAGO, October 24, 2001 -- Tribune
Company's board of directors declared a regular quarterly
dividend of $.11 per share of common stock payable on Dec.
13, 2001, to stockholders of record at the close of business
on Nov. 29, 2001. The board made the declaration at its regular
meeting yesterday.
The board also elected Robert
Morrison and William
Osborn as directors of the company.
Morrison is vice chairman of PepsiCo, and chairman,
president and chief executive officer of Quaker Oats Company.
Prior to joining Quaker Oats, Morrison was chief executive
officer for Kraft, Inc., a position he held from 1994 to 1997.
Osborn is chairman and chief executive officer and a director
of Northern Trust Corporation and its principal subsidiary,
The Northern Trust Company, Chicago. Osborn, who joined Northern
Trust in 1970, subsequently held leadership positions in Northern's
banking and trust business units before being named president
in 1993 and chairman in 1995.
In addition, the board elected new two officers
of Tribune Company: Steve Howell, vice president/security
services, and Patrick Shanahan, vice president/tax.
Howell, 54, is responsible for Tribune's strategic
direction and leadership on matters related to the safety
and security of the company's employees, business operations
and property. He will assume his new duties beginning November
1. Most recently, Howell was assistant vice president/global
security services at McDonald's Corporation and before that
headed security services at 3M in St. Paul, Minn. Howell began
his career as a special agent for the Federal Bureau of Investigation
after serving as an officer in the U.S. Army Corps of Engineers.
He holds bachelor's degree in business administration from
Ohio State University.
Shanahan, 41, is responsible for directing
the company's tax department. Previously, he was a partner
at KPMG's Chicago office with responsibility for all aspects
of the business. His duties included managing client service
teams and projects, training and evaluating tax professionals,
creating and presenting tax strategies to both tax and non-tax
executives and developing new business. Before KPMG, Shanahan
was director of federal taxes for Waste Management, Inc. He
holds a bachelor's degree in management from Purdue University
and is a certified public accountant.
The board also set Tribune's next annual
meeting date for Tues., May 7, 2002, at 11 a.m. Central Time.
The meeting will be held at the Hyatt Regency Chicago, 151
East Wacker Drive.
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TRIBUNE (NYSE:
TRB) is one of the country's premier media companies,
operating businesses in broadcasting, publishing and on the
Internet. It reaches more than 80 percent of U.S. households,
and is the only media company with television stations, newspapers
and Web sites in the nation's top three markets. Tribune media
span 23 major-market television stations, including national
superstation WGN-TV; 12 market-leading daily newspapers, including
the Los Angeles Times, Chicago Tribune and Newsday; and news
and information Web sites in 18 of the nation's top 30 markets. |
