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Media Contact:
Gary Weitman
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Tribune Declares Quarterly Dividend, Sets Annual Meeting Date

CHICAGO, October 30, 2003 -- Tribune Company's board of directors declared a regular quarterly dividend of $.11 per share of common stock payable on Dec. 11, 2003, to shareholders of record at the close of business Nov. 27, 2003. The board made the declaration at its regularly scheduled meeting on Oct. 21.

The board also set Tribune's next annual meeting date for Wednesday, May 12, 2004 , at 11 a.m. Central Time. The meeting will be held at the Swissôtel, 323 East Wacker Drive, Chicago , Ill.

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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 organization with television stations, newspapers and Web sites in the nation's top three markets. In publishing, Tribune operates 13 leading daily newspapers including the Los Angeles Times , Chicago Tribune, Newsday and Spanish-language Hoy , plus a wide range of targeted publications. The company's broadcasting group operates 26 television stations; Superstation WGN on national cable; WGN-AM in Chicago; and the Chicago Cubs baseball team. Popular news and information Web sites complement Tribune's print and broadcast properties and extend the company's nationwide audience.

   
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