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.
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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.