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Friday, September 22, 2006

Tribune leads media shares in early trade

09-22-06 09:41 AM EST

NEW YORK (MarketWatch) -- Media stocks were mixed in Friday morning trading, with shares of Tribune Co. (TRB) leading the gainers, after the company said its board voted to explore options for the media company. Leading the decliners was New York Times Co. (NYT) , which warned that third-quarter profits would fall from last year's levels, citing ongoing weakness in the print advertising market and the impact of job cuts.

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