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PULITZER PUBLISHING COMPANY COMPLETES PURCHASE OF TELEVISION STATION KCCI-TV IN DES MOINES, IOWA

 ST. LOUIS, Sept. 9 /PRNewswire/ -- Pulitzer Publishing Company (NYSE: PTZ) announced the completion today of the purchase of television station KCCI-TV, the CBS affiliate in Des Moines, Iowa, from H&C Communications, Inc. The purchase price for the station's assets, including net accounts receivable, was approximately $22.2 million.
 Michael E. Pulitzer, chairman, president and chief executive officer, commented: "We are very pleased with the acquisition of KCCI-TV and look forward to being part of the Des Moines market, which is the 68th largest media market in the United States." Mr. Pulitzer noted that KCCI-TV becomes the company's ninth television broadcast station.
 Ken J. Elkins, president and chief executive officer of Pulitzer Broadcasting Company, also announced that Paul Fredericksen will continue as general manager of KCCI-TV and will become a vice president of Pulitzer Broadcasting.
 KCCI-TV, which is currently ranked first (Arbitron) in the Des Moines market, began operations in July 1955 and was acquired by H&C Communications, Inc. in October 1984.
 Founded in St. Louis in 1878, Pulitzer Publishing is engaged in newspaper publishing and television and radio broadcasting. The Company's newspaper operations include two major metropolitan dailies, the St. Louis Post-Dispatch and The Arizona Daily Star in Tucson, Ariz., and a suburban daily newspaper, the Daily Southtown, in the Chicago area.
 Broadcasting operations consist of eight other network-affiliated television stations: WYFF in Greenville, S.C.; WGAL in Lancaster, Pa.; WXII in Winston-Salem, N.C.; KOAT in Albuquerque, N.M.; KETV in Omaha, Neb.; WLKY in Louisville, Ky.; WDSU in New Orleans; and WESH in Daytona Beach, Fla.; and two radio stations (KTAR-AM and KKLT-FM) in Phoenix, Ariz.
 -0- 9/9/93
 /CONTACT: James V. Maloney, director-shareholder relations of Pulitzer Publishing Company, 314-340-8402/
 (PTZ)


CO: Pulitzer Publishing Company; KCCI-TV; H&C Communications Inc. ST: Missouri, Iowa IN: ENT PUB SU: TNM

TS -- NY067 -- 0386 09/09/93 14:19 EDT
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Publication:PR Newswire
Date:Sep 9, 1993
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