Saturday, May 10, 2008

Tribune Adds Six Flags CEO To Board

Associated Press 05.09.08, 3:50 PM ET

CHICAGO -Tribune Co. on Friday named Mark Shapiro, the chief executive of amusement-park operator Six Flags Inc., to its board.

Sam Zell, chairman and chief executive of the media conglomerate, said Shapiro was a good fit because the company has been on a "roller coaster ride" for the last few years and added he also has broadcasting and entertainment experience.

Shapiro was elected at the company's annual meeting on May 7.

The board also elected Gary Weitman senior vice president of corporate relations.

Tribune co. owns the Los Angeles Times, Chicago Tribune, Newsday and other newspapers. It also has a broadcasting division that operates 23 television stations.

On Wednesday the company reported a first-quarter gain of $1.82 billion from continuing operations Thursday due to a change in tax status but said revenue declined 8 percent as newspaper ad sales continued to slump.

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