Tribune Board OKs $1 Billion Stock Buyback

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By: E&P Staff Tribune Co. said late Tuesday that its board of directors had approved a $1 billion stock repurchase authorization.

The new authorization replaces a $2.5 billion buyback program that was approved in March 2000. Tribune said there is still $160 million remaining in that authorization.

Tribune also set the date for its 2006 annual stockholders meeting, which will be held in its Tribune Tower headquarters in Chicago on May 2.

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