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

   
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Investor Contact:
Ruthellyn Musil
rmusil@tribune.com
312/222-3787



Tribune Declares Quarterly Dividend

CHICAGO, July 22, 2003 -- Tribune Company’s board of directors declared a regular quarterly dividend of $.11 per share of common stock payable on September 11, 2003 to stockholders holders of record at the close of business on August 28, 2003. The board made the declaration at its regularly scheduled meeting earlier today.

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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 company with television stations, newspapers and Web sites in the nation’s top three 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 26 television stations and Superstation WGN on national cable. These publishing and broadcasting interests are complemented by high-traffic news and information Web sites in 20 of the nation’s top 30 markets.

   
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