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Media Contacts:
Gary Weitman
gweitman@tribune.com
312/222-3394

   
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312/222-3787


Tribune Declares Quarterly Dividend

CHICAGO, July 28, 2004  -- Tribune Company's Board of Directors today declared a regular quarterly dividend of $.12 per share on common stock payable on Sept. 9, 2004 to shareholders of record at the close of business on Aug. 26, 2004. The Board took the action at today's regularly scheduled meeting.

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TRIBUNE (NYSE: TRB) is one of the country’s premier media companies, operating businesses in broadcasting and publishing. It reaches more than 80 percent of U.S. households and is the only media organization with television stations, newspapers and Web sites in the nation’s top three markets. In publishing, Tribune operates 14 leading daily newspapers including the Los Angeles Times, Chicago Tribune, Newsday and Spanish-language Hoy, plus a wide range of targeted publications. The company’s broadcasting group operates 26 television stations; Superstation WGN on national cable; WGN-AM in Chicago; and the Chicago Cubs baseball team. Popular news and information Web sites complement Tribune’s print and broadcast properties and extend the Company’s nationwide audience.

   
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