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TRIBUNE COMPANY STATEMENT ON FCC ACTION
CHICAGO, June 2, 2003 --
Tribune Company (NYSE:TRB) President and Chief Executive Officer
Dennis FitzSimons released the following statement regarding
the changes in media regulations announced today by the Federal
Communications Commission:
"Tribune has long been an advocate of
revising the FCC’s media ownership regulations to reflect
current marketplace realities. The media landscape has dramatically
changed--consumers have more choices for news, information
and entertainment than ever before. The FCC’s action
today recognizes these changes. Tribune is in full compliance
with the FCC’s new regulations in all of the markets
in which we have media businesses.
Our readers, viewers and listeners across the country are
the real winners today--they will benefit as we explore additional
ways of enriching the content of our newspapers, television
stations and Web sites."
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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 26
television stations and Superstation WGN on national cable.
These publishing and broadcasting interests are complemented
by high-traffic news and information Web sites in 20 of the
nation’s top 30 markets.
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