The Company recorded a favorable $3 million after-tax adjustment to the expected loss on the sale of SCNI
in the third quarter of 2007.
The Company expects to sell SCNI
during the second half of 2007.
In the first quarter of 2007, the Company recorded an after-tax loss of $33 million to write down the SCNI
net assets to estimated fair value, less costs to sell.
9 (A) On February 12, 2007 and March 6, 2007, Tribune Company agreed to sell its Hoy, New York and SCNI
The sale of SCNI
, a subsidiary of Tribune located in Greenwich, is expected to close after a regulatory review is completed.