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Tribune Declares Quarterly
Dividend
Appoints experienced
finance executive as vice president/auditing
CHICAGO, February 11, 2003 --
Tribune Company’s board of
directors declared a regular quarterly dividend of $.11 per
share of common stock payable on March 13, 2003, to stockholders
holders of record at the close of business on Feb. 27, 2003.
The board made the declaration at its regularly scheduled
meeting earlier today.
The board also elected Thomas Caputo as vice
president/auditing, effective immediately.
"Strong financial controls have always
been a top priority for Tribune," said Dennis FitzSimons,
Tribune’s president and chief executive officer. "Tom’s
experience and deep understanding of our business operations
make him the ideal person for this important position."
Caputo served as director/auditing for Tribune since March
2000, and held a series of auditing and financial positions
since joining Tribune in 1993. He was an internal auditor
at McMaster-Carr Supply Company, from 1989 to 1993, and senior
auditor at Ernst and Young, from 1986 to 1989.
A Chicago-area native, born Jan. 24,
1964, Caputo holds a bachelor’s degree in accounting
from DePaul University and is a Certified Public Accountant.
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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. In
publishing, Tribune operates 12 market-leading daily newspapers
such as the Los Angeles Times, Chicago Tribune and Newsday
plus a wide range of targeted publications including Spanish-language
newspapers. In broadcasting, Tribune properties include 24
television stations and Superstation WGN on national cable.
The acquisition of two additional stations, KPLR-TV, St. Louis,
and KWPB-TV, Portland, Ore., will be completed in early 2003,
pending regulatory approvals. These publishing and broadcasting
interests are complemented by high-traffic news and information
Web sites in 18 of the nation’s top 30 markets.
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