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Tribune Co. announced a new management incentive plan at its annual meeting in Chicago Tuesday. The plan uses Shareholder Value Added, which reflects cash flow generated in relation to capital invested, to measure performance. The company said its total return to stockholders in 1996 was 31 percent, compared with the S&P 500’s 23 percent total return. The company also elected Patrick Ryan, chairman and chief executive of Chicago-based Aon Corp., to its board of directors.
