Tribune Company (ticker: TRB, exchange: New York Stock Exchange (.N))
News Release -
13-Apr-2005
Tribune Company Statement on FCC Ruling in Hartford, CT CHICAGO, April 13 /PRNewswire-FirstCall/ -- Tribune Company today issued
the following statement regarding the decision of the Federal Communications
Commission to grant the company a temporary waiver of the newspaper/broadcast
cross-ownership rule as it pertains to Tribune's ownership of WTXX-TV and The
Hartford Courant:
"Tribune is pleased that the FCC has granted its request for a temporary
waiver of the newspaper/broadcast cross-ownership rule as it relates to its
television station WTXX-TV and The Hartford Courant until at least April 1,
2007.
We are also pleased that the commission recognized Tribune's service to
the public through its ownership of WTXX. The ruling reads in part, 'Tribune
has delivered on every public interest benefit it identified in its initial
application to acquire WTXX ... Given Tribune's record of enhanced service to
the public, and its stated plans to continue and expand such service in the
future, we expect that Tribune will continue to invest in the station and
expand programming and services available to viewers.'
Tribune will share today's FCC order with the federal district court in
Hartford tomorrow, as the court considers Tribune's compliance with the
commission's media ownership rules."
TRIBUNE (NYSE: TRB) is one of the country's top media companies, operating
businesses in publishing and broadcasting. It reaches more than 80 percent of
U.S. households and is the only media organization with newspapers, television
stations, and websites in the nation's top three markets. In publishing,
Tribune operates 11 leading daily newspapers including the Los Angeles Times,
Chicago Tribune and Newsday, plus a wide range of targeted publications such
as Spanish-language Hoy. The company's broadcasting group operates 26
television stations, Superstation WGN on national cable, Chicago's WGN-AM and
the Chicago Cubs baseball team. Popular news and information websites
complement Tribune's print and broadcast properties and extend the company's
nationwide audience.
SOURCE Tribune Company
-0- 04/13/2005
/CONTACT: Media Contact, Gary Weitman, VP-Corporate Communications,
+1-312-222-3394, gweitman@tribune.com, or Investor Contact, Ruthellyn Musil,
SVP-Corporate Relations, +1-312-222-3787, rmusil@tribune.com/
/Web site: http://www.tribune.com /
(TRB)
CO: Tribune Company
ST: Illinois
IN: ENT MLM CPR TVN PUB
SU: LAW
AS
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9502 04/13/2005 20:57 EDT http://www.prnewswire.com
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