Tribune Company

Stock Symbol: TRB

Tribune Company Description:
TRIBUNE (NYSE: TRB) is one of the country's premier media companies, operating businesses in publishing, broadcasting & on the Internet. It reaches more than 80 percent of U.S. households, & is the only media company with newspapers, television stations and Web sites in the nation's top 3 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 & Superstation WGN on national cable. The acquisition of two additional stations, KPLR-TV, St. Louis, & KWPB-TV, Portland, Ore., will be completed in early 2003, pending regulatory approvals. These publishing and broadcasting interests are complemented by high-traffic news & information Web sites in 18 of the nation's top 30 markets.

Tribune Company Financial Summary:
For the 39 weeks ended 25 September 2005, Tribune Company's revenues decreased 1% to $4.18B. Net income applic. to Common increased 18% to $394M. Revenues reflect declines at the Television division due the continuing uneven advertising environment in major markets and softness in the movie, telecom, and automobile categories. Net income reflects improved operating margins, gains on derivatives, and the absence of losses on the early retirement of debt.

Tribune Company Business Summary:
Tribune Company is a media and entertainment company. Through its subsidiaries, the Company is engaged in newspaper publishing, television and radio broadcasting and entertainment. The publishing segment operates 11 daily newspapers, distributes entertainment listings and syndicated content, operates a 24-hour cable news channel and manages the Websites of Tribune's daily newspapers and television stations, along with other branded sites targeting specific communities of interest. The broadcasting and entertainment segment consists of 26 television stations, one radio station, the Chicago Cubs and Tribune Entertainment, a company that develops and distributes first-run television programming. These segments operate primarily in the United States.

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