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Business Description
Tribune Company is a media and entertainment company. Through its subsidiaries, the Company is engaged in newspaper publishing, television and radio broadcasting and entertainment, and the development and distribution of information and entertainment through the Internet. The Company categorizes its operating segments as Publishing, Broadcasting and Entertainment, and Interactive. The Publishing segment operates the following major newspapers: Los Angeles Times, Chicago Tribune and Newsday. Other daily newspapers include South Florida Sun-Sentinel, Orlando Sentinel, The Baltimore Sun, The Hartford Courant, The Morning Call, Daily Press, The Advocate and Greenwich Time. The Broadcasting and Entertainment segment primarily includes WB television affiliates and Fox television affiliates nationwide. The Interactive segment manages Websites of the Company's daily newspapers and television stations, as well as other branded sites targeting specific communities of interest.

Financial Information
TRB through its susbsidiaries is engaged in newspaper publishing, television and radio broadcasting and entertainment, and the development and distribtuion of information and entertainment through the Internet. For the 26 weeks ended 6/30/02, revenues fell 2% to $2.61 billion. Net income before acct. change and applicable to Common decreased 27% to $165.1 million. Results reflect lower publishing revenues, and the loss in value of derivatives and related investments.