Tribune Company’s board of directors today declared a regular quarterly dividend of $.18 per share on common stock payable on Dec. 14, 2006, to shareholders of record at the close of business Nov. 30, 2006. The board took the action at today’s regularly scheduled meeting.
In other news, the board’s independent special committee said today that it has retained Morgan Stanley as its financial advisor. The committee was formed on September 21, to oversee management’s exploration of strategic alternatives for creating additional shareholder value.
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About Tribune Company
TRIBUNE is one of the country’s leading multimedia companies, operating businesses in publishing, digital and broadcasting. In publishing, Tribune’s leading daily newspapers include the Los Angeles Times, Chicago Tribune, The Baltimore Sun, Sun Sentinel (South Florida), Orlando Sentinel, Hartford Courant, The Morning Call and Daily Press. The company’s broadcasting group operates 23 television stations, WGN America on national cable, the national multicast network Antenna TV and Chicago’s WGN-AM. Popular news and information websites complement Tribune’s print and broadcast properties and extend the company’s nationwide audience.