Tribune invests in Excite

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The Tribune Company invested $7 million for an 8 percent stake in Excite, an Internet directory and guide whose services include personalized news and information, editorial reviews of Web sites and a directory of regional and city Web sites. The Tribune made its investment before Excite's initial public offering last week. Excite has distribution agreements with Netscape, Microsoft and America Online and has media agreements with Times Mirror, Reuters and Tribune.

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