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Tribune Board Increases Stock Repurchase
Authorization
Sets Date, Location for 2006 Annual Meeting
CHICAGO,
December 13, 2005 -- Tribune Company
(NYSE:TRB) announced that its board of directors approved
a $1 billion stock repurchase authorization at its regularly
scheduled meeting held earlier today. Today’s action
replaces the $2.5 billion stock repurchase authorization
approved in March 2000, which has $160 million remaining.
The company also announced that its 2006 annual shareholders
meeting will be held at 11:00 a.m. on Tuesday, May 2, 2006,
at Tribune Tower, 435 North Michigan Avenue, Chicago, Illinois,
and that March 7, 2006, is fixed as the record date for the
determination of stockholders of the company entitled to
vote at the meeting.
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TRIBUNE (NYSE: TRB) is
one of the country’s top media companies, operating
businesses in publishing and broadcasting. It reaches more
than 80 percent of U.S. households and is the only media
organization with newspapers, television stations and websites
in the nation’s top three markets. In publishing, Tribune
operates 11 leading daily newspapers including the Los Angeles
Times, Chicago Tribune and Newsday, plus a wide range of
targeted publications such as Spanish-language Hoy. The company’s
broadcasting group operates 26 television stations, Superstation
WGN on national cable, Chicago’s WGN-AM and the Chicago
Cubs baseball team. Popular news and information websites
complement Tribune’s print and broadcast properties
and extend the company’s nationwide audience. |
