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Tuesday, May 29, 2007

Tribune Employees Talk: Tendered shares will be paid by June 5

Tendered shares will be paid by June 5

Tribune announced last Friday that around 92% of of shares outstanding were tendered by the May 24 expiration of the tender offer.

The offer was for 126,000,000 shares but because 224,000,000 were tendered by shareholders, the shares will be purchased on a pro rata basis.

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