Tribune Board Increases Stock Repurchase Authorization

Tribune Board Increases Stock Repurchase Authorization

Sets Date, Location for 2006 Annual Meeting

CHICAGO, Dec. 13 /PRNewswire-FirstCall/ -- Tribune Company (NYSE:TRB) announced that its board of directors approved a $1 billion stock repurchase authorization at its regularly scheduled meeting held earlier today. Today's action replaces the $2.5 billion stock repurchase authorization approved in March 2000, which has $160 million remaining.

The company also announced that its 2006 annual shareholders meeting will be held at 11:00 a.m. on Tuesday, May 2, 2006, at Tribune Tower, 435 North Michigan Avenue, Chicago, Illinois, and that March 7, 2006, is fixed as the record date for the determination of stockholders of the company entitled to vote at the meeting.

TRIBUNE (NYSE:TRB) is one of the country's top media companies, operating businesses in publishing and broadcasting. It reaches more than 80 percent of U.S. households and is the only media organization with newspapers, television stations 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.

Source: Tribune Company

CONTACT: Media, Gary Weitman, +1-312-222-3394 (office),
+1-312-222-1573 (fax), gweitman@tribune.com , or Ruthellyn Musil,
+1-312-222-3787 (office), +1-312-222-1573 (fax), rmusil@tribune.com , both of
Tribune Company

Web site: http://www.tribune.com/

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