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Tribune Elects Miles D. White to
Board of Directors
Quarterly dividend declared, officer appointed
CHICAGO, July 21, 2005 --
Tribune Company (TRB:NYSE) today announced
that Miles D. White, chairman and chief executive officer
of Abbott, has been elected a director of the company. He
was named yesterday at Tribune’s regularly scheduled
board meeting.
"Miles brings great talent and experience
to the board," said
Dennis J. FitzSimons, Tribune chairman, president and chief
executive officer. "His insights and perspective
as the CEO of one of Chicago’s largest companies
will add significant value for our shareholders."
White,
50, is chairman and chief executive officer of Abbott,
a broad-based medical products and pharmaceutical company
based in north suburban Chicago. He was elected to Abbott’s
board of directors in 1998 and assumed his current positions
in 1999. Prior to joining Abbott in 1984, White was a management
consultant with McKinsey & Co. He holds a bachelor’s
degree and MBA from Stanford University, and is active
in Chicago’s civic and business communities.
Also
at yesterday’s meeting, the Tribune board declared
a regular quarterly dividend of $.18 per share on common
stock payable on Sept. 8, 2005, to shareholders of record
at the close of business on Aug. 25, 2005.
In other business,
the board approved the appointment of Daniel G. Kazan
as vice president/development. Kazan, 37, was previously
director/corporate development and before that served as
senior counsel/mergers and acquisitions. He joined Tribune
Company in 1998.
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TRIBUNE (NYSE: TRB) is one of
the country’s top 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 websites in the nation’s top three markets. In
publishing, Tribune operates 11 leading daily newspapers
including the Los Angeles Times, Chicago Tribune and Newsday,
plus a wide range of targeted publications such as Spanish-language
Hoy. The company’s broadcasting group operates 26 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.
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