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PITTSBURGH PRESS COMPANY STATEMENT REGARDING PROPOSED SALE

 PITTSBURGH PRESS COMPANY STATEMENT REGARDING PROPOSED SALE
 PITTSBURGH, Oct. 29 /PRNewswire/ -- The Pittsburgh Press Company today said it intends to close if a proposed sale of the newspaper is not consummated and, as a result, its current owner ceases to fund the operation.
 Employees and elected officials will soon receive a "60-day plant closing notice" in accordance with the federal law.
 This action follows an announcement by The E.W. Scripps Company (NYSE: SSP) that it has agreed to sell the Pittsburgh Press Company to the Pittsburgh Post-Gazette.
 The Press and Post-Gazette have shared business and production functions through a joint operating agreement since 1981.
 The sale is contingent upon the successful outcome of contract negotiations between the Post-Gazette and the Press Company's unions, execution of a definitive agreement and other customary matters. If the Post-Gazette is unable to reach new union contracts by Nov. 30, the agreement will expire.
 Scripps has made no commitment to continue funding the Pittsburgh Press Company if the agreement with the Post-Gazette is not consummated.
 The Press and Post-Gazette have been shut down since May 17 when Teamsters Local 211, which represents circulation and transportation employees, called a strike to protest plans for a new distribution system.
 -0- 10/29/92
 /CONTACT: Randall P. Notter of the Pittsburgh Press, 412-263-1766/
 (SSP) CO: Pittsburgh Press Company; The E.W. Scripps Company; Pittsburgh
 Post-Gazette ST: Pennsylvania IN: PUB SU: TNM


LJ-MP -- PG005 -- 6424 10/29/92 09:11 EST
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Publication:PR Newswire
Date:Oct 29, 1992
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