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Tuesday, June 20, 2006

Tribune Co. Says Tender Offer Is On Track

06-20-06 09:41 AM EST
DOW JONES NEWSWIRES

Tribune Co. (TRB) on Tuesday said its tender offer to buy back up to 75 million of its common shares is on track.

Speaking at the Newspaper Association of America's Mid-Year Media Review, the company said it expected the buyback deal to close as planned.

Tribune's second-largest shareholder, the Chandler Trusts, has objected to the plan, and has said it won't tender its shares.

At the end of the presentation, the company didn't have a question-and-answer session, citing a quiet period.

-Angela Moore; 415-439-6400; Ask Newswires@dowjones.com

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