content: <HTML>
  <HEAD>
  <TITLE>Form 8-K - February 21, 2006</TITLE>
  </HEAD>
  <BODY>
  
  <CENTER><FONT SIZE=4><B>UNITED STATES <BR>SECURITIES AND EXCHANGE COMMISSION</B></FONT> <br>
  <FONT SIZE=3><B>WASHINGTON, D.C. 20549</B></FONT></CENTER>
  
  <H1 ALIGN=CENTER><FONT SIZE=4>FORM 8-K</FONT></H1>
  
  
  <CENTER><B>CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)<BR>
   OF THE SECURITIES EXCHANGE ACT OF 1934</B></CENTER>
  <br>
  <br>
  <CENTER><B>DATE OF REPORT:&nbsp;&nbsp;February 21, 2006</b></center>
  
  <br><center><b>Commission file number 1-8572</B></CENTER>
  <BR>
  <CENTER><FONT SIZE=4><B>TRIBUNE COMPANY</B></FONT> <br><FONT SIZE=3>(Exact
  name of registrant as specified in its charter)</FONT></CENTER>
  <BR>
  
  <table CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
    <tr>
      <td WIDTH="60%" VALIGN="TOP"><p ALIGN="CENTER"><B>Delaware</B><BR>(State or other
      jurisdiction of<BR>incorporation or organization)<P></td>
      <td WIDTH="40%" VALIGN="TOP"><p ALIGN="CENTER"><B>36-1880355</B><BR>
      (I.R.S. Employer<BR>
      Identification No.)<BR></td></tr>
  <TR VALIGN="BOTTOM">
       <TD ALIGN="LEFT"></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
    <tr>
      <td WIDTH="60%" VALIGN="TOP"><p ALIGN="CENTER"><B>435 North Michigan Avenue<BR>
      Chicago, Illinois</B><BR>
      (Address of principal executive offices)<BR></td>
      <td WIDTH="40%" VALIGN="TOP"><p ALIGN="CENTER"><B>60611</B><BR>
      (Zip code)</td>
    </tr>
  </table>
  <BR>
  
  
  <CENTER>Registrant's telephone number, including area code:&nbsp;&nbsp;(312) 222-9100</CENTER>
  <br>
  
  
  <!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Check the appropriate box below if
  the Form 8-K filing is intended to simultaneously satisfy the obligation of the registrant
  under any of the following provisions: </FONT></P>
  
  
  
  <p>[&nbsp;&nbsp;]&nbsp;&nbsp;Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  <p>[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  <p>[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  <p>[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) </P>
  
  
  
  <HR>
  <p style='page-break-before:always'></p>
  <pAGE>
  
  
  
  <!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
  <A NAME=A008></A>
  <H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM 1.01.&nbsp;&nbsp; ENTRY INTO A
  MATERIAL DEFINITIVE AGREEMENT. </FONT></H1>
  
  <!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>Restricted Stock
  Units.</I></B><I></I> On February 14, 2006, the Compensation &amp; Organization Committee
  (the &#147;Committee&#148;) of the Board of Directors of Tribune Company (the
  &#147;Company&#148;) granted restricted stock unit (&#147;RSU&#148;) awards under the
  Tribune Company Incentive Compensation Plan (the &#147;Plan&#148;) to the following
  executive officers in the amounts indicated below: </FONT></P>
  
  <BR>
  <TABLE CELLPADDING=1 CELLSPACING=0 BORDER=0 WIDTH=80%>
  <TR VALIGN=Bottom>
       <TH COLSPAN=2><FONT SIZE=2></FONT></TH>
       <TH COLSPAN=1 ALIGN=LEFT><FONT SIZE=2><U>Name</U></FONT></TH>
       <TH COLSPAN=1></TH>
       <TH COLSPAN=1 ALIGN=LEFT><FONT SIZE=2><U>Title</U></FONT></TH>
       <TH COLSPAN=1></TH>
       <TH COLSPAN=1 ALIGN=LEFT><FONT SIZE=2><U>RSU's</U></FONT></TH></TR>
  <TR VALIGN=Bottom>
       <TD WIDTH=4% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=3% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=24% ALIGN=LEFT><FONT SIZE=2>Dennis J. FitzSimons</FONT></TD>
       <TD WIDTH=3% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=30% ALIGN=LEFT><FONT SIZE=2>Chairman, President and Chief Executive</FONT></TD>
       <TD WIDTH=3% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=5% ALIGN=LEFT><FONT SIZE=2>60,000</FONT></TD>
          <TD WIDTH=2% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Officer</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Scott C. Smith</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>President, Tribune Publishing Company</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>30,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Donald C. Grenesko</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Senior Vice President / Finance &amp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>28,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Administration</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>John E. Reardon</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>President, Tribune Broadcasting Company</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>20,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Crane H. Kenney</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Senior Vice President, General Counsel &amp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>20,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Secretary</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  </TABLE>
  
  <BR>
  <!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A form of Restricted Stock Unit Award
  Notice is attached as an Exhibit to this Current Report on Form 8-K and is incorporated by
  reference herein. </FONT></P>
  
  <!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>Stock options.</I></B><I>&nbsp;
  </I>On February 14, 2006, the Committee awarded stock options under the Plan to the
  following executive officers in the amounts indicated below: </FONT></P>
  <BR>
  
  <TABLE CELLPADDING=2 CELLSPACING=0 BORDER=0 WIDTH=80%>
  <TR VALIGN=Bottom>
       <TH COLSPAN=2><FONT SIZE=2></FONT></TH>
       <TH COLSPAN=1 ALIGN=LEFT><FONT SIZE=2><U>Name</U></FONT></TH>
       <TH COLSPAN=1></TH>
       <TH COLSPAN=1 ALIGN=LEFT><FONT SIZE=2>&nbsp;&nbsp;<U>Options</U></FONT></TH>
  </TR>
  <TR VALIGN=Bottom>
       <TD WIDTH=3% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=2% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=24% ALIGN=LEFT><FONT SIZE=2>Dennis J. FitzSimons</FONT></TD>
       <TD WIDTH=4% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=4% ALIGN=RIGHT><FONT SIZE=2>300,000</FONT></TD>
          <TD WIDTH=25% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Scott C. Smith</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=RIGHT><FONT SIZE=2>90,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Donald C. Grenesko</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=RIGHT><FONT SIZE=2>85,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>John E. Reardon</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=RIGHT><FONT SIZE=2>60,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Crane H. Kenney</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=RIGHT><FONT SIZE=2>60,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  </TABLE>
  
  
  <BR>
  <!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A form of Notice of Grant and Stock
  Option Term Sheet was filed as Exhibit 10.1 to the Current Report on Form 8-K filed on
  February 11, 2005 and is incorporated by reference herein. The options will vest over a
  three-year period from the date of grant. </FONT></P>
  
  
  <BR>
  <CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2</FONT></CENTER>
  <BR>
  <hr>
  <p style='page-break-before:always'></p>
  <pAGE>
  
  
  
  <!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>Annual Management Incentive
  Plan Bonuses.</I></B><I>&nbsp; </I>On February 14, 2006, the Committee approved the
  following management incentive plan bonuses under the Plan for 2005: </FONT></P>
  
  <BR>
  <TABLE CELLPADDING=2 CELLSPACING=0 BORDER=0 WIDTH=80%>
  <TR VALIGN=Bottom>
       <TH COLSPAN=2><FONT SIZE=2></FONT></TH>
       <TH COLSPAN=1 ALIGN=LEFT><FONT SIZE=2><U>Name</U></FONT></TH>
       <TH COLSPAN=1></TH>
       <TH COLSPAN=1 ALIGN=LEFT><FONT SIZE=2>&nbsp;&nbsp;<U>Bonus</U></FONT></TH>
  </TR>
  <TR VALIGN=Bottom>
       <TD WIDTH=3% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=2% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=24% ALIGN=LEFT><FONT SIZE=2>Dennis J. FitzSimons</FONT></TD>
       <TD WIDTH=4% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=4% ALIGN=RIGHT><FONT SIZE=2>$250,000</FONT></TD>
          <TD WIDTH=25% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Scott C. Smith</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=RIGHT><FONT SIZE=2>154,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Donald C. Grenesko</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=RIGHT><FONT SIZE=2>102,800</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>John E. Reardon</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=RIGHT><FONT SIZE=2>90,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Crane H. Kenney</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=RIGHT><FONT SIZE=2>78,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  </TABLE>
  
  
  <BR>
  <!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For 2006, the Committee established
  that operating cash flow and net income on equity investments (or &#147;equity
  income&#148;) will be the performance criteria used in determining management incentive
  plan bonuses under the Plan. The Plan defines &#147;operating cash flow&#148; as net
  income before making any adjustment or deduction for interest, taxes, depreciation,
  amortization, writedowns of intangible assets and non-operating gains and losses, and
  subject to adjustment to account for extraordinary items. </FONT></P>
  
  <!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Committee also established 2006
  operating cash flow and equity income goals for the Company&#146;s publishing and
  broadcasting business segments and for the Company on a consolidated basis. Management
  incentive plan bonuses for corporate executives, including Mr. FitzSimons, Mr. Grenesko
  and Mr. Kenney, will be based on the achievement of consolidated goals, while management
  incentive plan bonuses for publishing and broadcasting executives, including Mr. Smith and
  Mr. Reardon, will be based on achievement of the goals for their respective business
  segment. The Committee may also consider executives&#146; individual performance in
  determining the amount of their management incentive plan bonus. </FONT></P>
  
  <!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>Base Salaries.</I></B><I></I>
  On February 14, 2006, the Committee also approved increases in the salaries of Mr.
  FitzSimons, Mr. Smith, Mr. Grenesko and Mr. Kenney. The Committee did not increase
  Mr. Reardon's salary because it was previously increased in connection with his
  promotion to President of Tribune Broadcasting Company in November 2005.
  Effective February 19, 2006, the salaries for these executives are as follows: </FONT></P>
  
  
  <BR>
  <TABLE CELLPADDING=2 CELLSPACING=0 BORDER=0 WIDTH=80%>
  <TR VALIGN=Bottom>
       <TH COLSPAN=2><FONT SIZE=2></FONT></TH>
       <TH COLSPAN=1 ALIGN=LEFT><FONT SIZE=2><U>Name</U></FONT></TH>
       <TH COLSPAN=1></TH>
       <TH COLSPAN=1 ALIGN=LEFT><FONT SIZE=2>&nbsp;&nbsp;<U>Salary</U></FONT></TH>
  </TR>
  <TR VALIGN=Bottom>
       <TD WIDTH=3% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=2% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=24% ALIGN=LEFT><FONT SIZE=2>Dennis J. FitzSimons</FONT></TD>
       <TD WIDTH=4% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD WIDTH=4% ALIGN=RIGHT><FONT SIZE=2>$985,000</FONT></TD>
          <TD WIDTH=25% ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Scott C. Smith</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=RIGHT><FONT SIZE=2>575,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Donald C. Grenesko</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=RIGHT><FONT SIZE=2>570,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>John E. Reardon</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=RIGHT><FONT SIZE=2>500,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  <TR VALIGN=Bottom>
       <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=LEFT><FONT SIZE=2>Crane H. Kenney</FONT></TD><TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD>
       <TD ALIGN=RIGHT><FONT SIZE=2>450,000</FONT></TD>
          <TD ALIGN=LEFT><FONT SIZE=2>&nbsp;</FONT></TD></TR>
  </TABLE>
  
  <BR>
  
  <!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Company will provide additional
  information regarding the compensation of its executive officers in its Proxy Statement
  for the 2006 Annual Meeting of Shareholders, which is expected to be filed in March 2006. </FONT></P>
  
  
  <BR>
  <CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3</FONT></CENTER>
  <BR>
  <hr>
  <p style='page-break-before:always'></p>
  <pAGE>
  
  
  
  
  <!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
  <A NAME=A009></A>
  <H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM 9.01.&nbsp;&nbsp;FINANCIAL
  STATEMENTS AND EXHIBITS. </FONT></H1>
  
  <!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
  <A NAME=A010></A>
  <P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) Exhibits </FONT></P>
  
  <!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
  <A NAME=A011></A>
  <P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>10.1 Form of Restricted
  Stock Unit Award Notice </FONT></P>
  
  <!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
  <A NAME=A012></A>
  <H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURE </FONT></H1>
  
  <!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the requirements of the
  Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
  on its behalf by the undersigned hereunto duly authorized. </FONT></P>
  
  
  
  <br>
  <table CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
    <tr>
      <td WIDTH="40%" VALIGN="TOP"><p ALIGN="CENTER">&nbsp;<P></td>
      <td WIDTH="60%" VALIGN="TOP"><p ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TRIBUNE COMPANY<BR>&nbsp;&nbsp;&nbsp;&nbsp;
          (Registrant)</FONT><BR>&nbsp;<br>&nbsp;<br>&nbsp;</TD></tr>
    <tr>
      <td WIDTH="50%" VALIGN="TOP"><p ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date:&nbsp;&nbsp;February 21, 2006</FONT> </td>
      <td WIDTH="50%" VALIGN="TOP"><p ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/&nbsp;&nbsp;Mark W. Hianik</u><br>&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;Mark W. Hianik<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President/Assistant General Counsel</FONT></td>
    </tr>
  </table>
  
  
  <BR>
  <CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4</FONT></CENTER>
  <p style='page-break-before:always'></p>
  <pAGE>
  
  
  </BODY>
  </HTML>
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metadata_filer: {"company-data": {"conformed-name": "TRIBUNE CO", "cik": "0000726513", "assigned-sic": "2711", "irs-number": "361880355", "state-of-incorporation": "DE", "fiscal-year-end": "1225"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08572", "film-number": "06633866"}, "business-address": {"street1": "435 N MICHIGAN AVE", "street2": "STE 600", "city": "CHICAGO", "state": "IL", "zip": "60611", "phone": "3122229100"}}
text: Form 8-K - February 21, 2006
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
  OF THE SECURITIES EXCHANGE ACT OF 1934
  DATE OF REPORT:  February 21, 2006
  Commission file number 1-8572
  TRIBUNE COMPANY
  (Exact
  name of registrant as specified in its charter)
  Delaware
  (State or other
      jurisdiction of
  incorporation or organization)
  36-1880355
  (I.R.S. Employer
  Identification No.)
  435 North Michigan Avenue
  Chicago, Illinois
  (Address of principal executive offices)
  60611
  (Zip code)
  Registrant's telephone number, including area code:  (312) 222-9100
  Check the appropriate box below if
  the Form 8-K filing is intended to simultaneously satisfy the obligation of the registrant
  under any of the following provisions:
  [  ]  Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c))
  ITEM 1.01.   ENTRY INTO A
  MATERIAL DEFINITIVE AGREEMENT.
  Restricted Stock
  Units.
  On February 14, 2006, the Compensation & Organization Committee
  (the "Committee") of the Board of Directors of Tribune Company (the
  "Company") granted restricted stock unit ("RSU") awards under the
  Tribune Company Incentive Compensation Plan (the "Plan") to the following
  executive officers in the amounts indicated below:
  Name
  Title
  RSU's
  Dennis J. FitzSimons
  Chairman, President and Chief Executive
  60,000
  Officer
  Scott C. Smith
  President, Tribune Publishing Company
  30,000
  Donald C. Grenesko
  Senior Vice President / Finance &
  28,000
  Administration
  John E. Reardon
  President, Tribune Broadcasting Company
  20,000
  Crane H. Kenney
  Senior Vice President, General Counsel &
  20,000
  Secretary
  A form of Restricted Stock Unit Award
  Notice is attached as an Exhibit to this Current Report on Form 8-K and is incorporated by
  reference herein.
  Stock options.
  On February 14, 2006, the Committee awarded stock options under the Plan to the
  following executive officers in the amounts indicated below:
  Name
  Options
  Dennis J. FitzSimons
  300,000
  Scott C. Smith
  90,000
  Donald C. Grenesko
  85,000
  John E. Reardon
  60,000
  Crane H. Kenney
  60,000
  A form of Notice of Grant and Stock
  Option Term Sheet was filed as Exhibit 10.1 to the Current Report on Form 8-K filed on
  February 11, 2005 and is incorporated by reference herein. The options will vest over a
  three-year period from the date of grant.
  2
  Annual Management Incentive
  Plan Bonuses.
  On February 14, 2006, the Committee approved the
  following management incentive plan bonuses under the Plan for 2005:
  Name
  Bonus
  Dennis J. FitzSimons
  $250,000
  Scott C. Smith
  154,000
  Donald C. Grenesko
  102,800
  John E. Reardon
  90,000
  Crane H. Kenney
  78,000
  For 2006, the Committee established
  that operating cash flow and net income on equity investments (or "equity
  income") will be the performance criteria used in determining management incentive
  plan bonuses under the Plan. The Plan defines "operating cash flow" as net
  income before making any adjustment or deduction for interest, taxes, depreciation,
  amortization, writedowns of intangible assets and non-operating gains and losses, and
  subject to adjustment to account for extraordinary items.
  The Committee also established 2006
  operating cash flow and equity income goals for the Company's publishing and
  broadcasting business segments and for the Company on a consolidated basis. Management
  incentive plan bonuses for corporate executives, including Mr. FitzSimons, Mr. Grenesko
  and Mr. Kenney, will be based on the achievement of consolidated goals, while management
  incentive plan bonuses for publishing and broadcasting executives, including Mr. Smith and
  Mr. Reardon, will be based on achievement of the goals for their respective business
  segment. The Committee may also consider executives' individual performance in
  determining the amount of their management incentive plan bonus.
  Base Salaries.
  On February 14, 2006, the Committee also approved increases in the salaries of Mr.
  FitzSimons, Mr. Smith, Mr. Grenesko and Mr. Kenney. The Committee did not increase
  Mr. Reardon's salary because it was previously increased in connection with his
  promotion to President of Tribune Broadcasting Company in November 2005.
  Effective February 19, 2006, the salaries for these executives are as follows:
  Name
  Salary
  Dennis J. FitzSimons
  $985,000
  Scott C. Smith
  575,000
  Donald C. Grenesko
  570,000
  John E. Reardon
  500,000
  Crane H. Kenney
  450,000
  The Company will provide additional
  information regarding the compensation of its executive officers in its Proxy Statement
  for the 2006 Annual Meeting of Shareholders, which is expected to be filed in March 2006.
  3
  ITEM 9.01.  FINANCIAL
  STATEMENTS AND EXHIBITS.
  (c) Exhibits
  10.1 Form of Restricted
  Stock Unit Award Notice
  SIGNATURE
  Pursuant to the requirements of the
  Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
  on its behalf by the undersigned hereunto duly authorized.
  TRIBUNE COMPANY
  (Registrant)
  Date:  February 21, 2006
  /s/  Mark W. Hianik
  Mark W. Hianik
  Vice President/Assistant General Counsel
  4