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To: B.D. who wrote (301)7/15/1998 10:53:00 PM
From: Ted Levy  Respond to of 1170
 
Excerpts from CBS Marketwatch today regarding Tribune holdings:

CHICAGO (CBS.MW) -- Analysts say Tribune is set to report solid second-quarter results Thursday. Newspaper publishing and broadcasting giant Tribune (TRB) is expected to report June period results before Thursday's opening bell. The average estimate of 11 analysts surveyed by Zacks Investment Research is 74 cents. Goldman Sachs analyst Michael Beebe said in a Wednesday research note that his own projection is 75 cents....

Beebe said a key to understanding Tribune is recognition of its role as a "leader among its peers in new media investments, operations and development." The company has significant stakes in Internet access provider America Online (AOL), web search engine developer Excite (XCIT), online grocery retailer Peapod (PPOD), commerce software maker CheckFree (CKFR), and other Web-related concerns....