Tribune Company, As Agent of and Successor By Merger to the Former the Times Mirror Company, Itself and its Consolidated Subsidiaries - Page 74

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               U.  Organization of Liberty Bell I                                     
               On May 22, 1998, Michael S. Udovic (Udovic), assistant                 
          general counsel for Times Mirror, filed the Certificate of                  
          Formation for Liberty Bell I, LLC (LBI), with the secretary of              
          state of the State of Delaware.  On May 26, 1998, Udovic resigned           
          from his position as the authorized person of LBI.  LBI did not             
          have an authorized person between the time of Udovic’s                      
          resignation and July 28, 1998.                                              
               V.  July 9, 1998, Regular Meeting of Times Mirror’s Board              
          of Directors                                                                
               A regular meeting of Times Mirror’s board of directors was             
          convened on July 9, 1998, at which the board of directors                   
          discussed, among other topics, the pending Bender transaction.              
          According to the minutes of this meeting, Unterman discussed the            
          following matters with the board of directors:                              
               Thomas Unterman * * * reviewed the pending transactions                
               involving Mosby and Matthew Bender and their impact                    
               upon the Company’s financial projections, concluding                   
               that Times Mirror remained on target to meet each of                   
               its major financial objectives for the year.  He noted                 
               that the proceeds from the dispositions of these                       
               businesses will be received by two limited liability                   
               companies and, utilizing materials previously furnished                
               to the Board of Directors, discussed the short-term                    
               investment strategies Times Mirror will follow in                      
               connection with its management of those companies.                     
          These matters were also presented to the board of directors in a            
          written report.  In particular, the section entitled “Finance               
          Report” contained the following statements:                                 







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