| 
Tribune to Explore Trading Denver Radio
for Television
CHICAGO, November 6, 2001 -- Tribune
Company (NYSE: TRB) today
announced that it is exploring strategic alternatives, including
a possible trade for television assets, for its Denver radio
stations. Tribune has retained Deutsche Banc Alex. Brown as
its financial advisor to evaluate trade alternatives.
"Our Denver radio stations are great businesses
run by great people, and we plan to find the best way to maximize
the potential of these valuable properties while further expanding
Tribune's core media assets," Dennis J. FitzSimons, Tribune
president and chief operations officer, said.
Tribune Denver Radio includes the stations
KOSI-FM, KKHK-FM and KEZW-AM.
:: :: ::
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. Tribune media
span 23 major-market television stations, including national
superstation WGN-TV; 12 market-leading daily newspapers, including
the Los Angeles Times, Chicago Tribune and Newsday; and news
and information Web sites in 18 of the nation's top 30 markets. |
