| 
Tribune Declares Quarterly Dividend
Independent Special Committee
Names Morgan Stanley as Financial Advisor
CHICAGO, October
18, 2006 -- Tribune Company’s
board of directors today declared a regular quarterly dividend
of $.18 per share on common stock payable on Dec. 14, 2006,
to shareholders of record at the close of business Nov. 30,
2006. The board took the action at today’s regularly
scheduled meeting.
In other news, the board’s independent special committee
said today that it has retained Morgan Stanley as its financial
advisor. The committee was formed on September 21, to oversee
management’s exploration of strategic alternatives
for creating additional shareholder value.
:: ::
::
TRIBUNE (NYSE:TRB)
is one of the country’s top media companies, operating
businesses in publishing, interactive 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’s leading daily newspapers
include the Los Angeles Times, Chicago Tribune, Newsday
(Long Island, N.Y.), The Sun (Baltimore), South Florida
Sun-Sentinel, Orlando Sentinel and Hartford Courant. The
company’s broadcasting group operates 25 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. |
