Printer Friendly

SCRIPPS' TRUST COMMENCES OFFERING

 SCRIPPS' TRUST COMMENCES OFFERING
 CINCINNATI, March 18 /PRNewswire/ -- The E.W. Scripps Company


(NYSE: SSP) announced today that The Edward W. Scripps Trust, controlling shareholder of the company, has commenced a public offering of 4,000,000 shares of the company's Class A Common Stock at $24.25 per share. The company will not receive any proceeds from the sale of the shares by the Trust.
 The offering is being underwritten by a syndicate co-managed by The First Boston Corporation and J.P. Morgan Securities Inc. A copy of the prospectus may be obtained from the underwriters.
 The Trust has advised the compnay that it is selling shares of Class A Common Stock in order to diversify the Trust's assets. After completion of the offering, the Trust will own approximately 68 percent of the outstanding shares of Class A Common Stock and approximately 79 percent of the outstanding shares of Common Voting Stock of the company.
 The Class A Common Stock of the company is listed on the New York Stock Exchange under the symbol SSP.
 The E.W. Scripps Company operates 19 daily newspapers, 10 television stations, five radio stations and cable television systems with 644,000 basic subscribers. The company also is a worldwide syndicator and licensor of news features and comics.
 -0- 3/18/92
 /CONTACT: Rich Boehne of The E.W. Scripps Company, 513-977-3826/
 (SSP) CO: The E.W. Scripps Company ST: Ohio IN: SU:


LC -- CL011 -- 9099 03/18/92 09:33 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 18, 1992
Words:248
Previous Article:STEELWORKERS PRESIDENT LYNN WILLIAMS, THREE OTHERS TO BE HONORED BY TRI-STATE CONFERENCE ON MANUFACTURING
Next Article:MESIROW FINANCIAL SIGNS MULTI-YEAR CONTRACT WITH SECURITIES INDUSTRY SOFTWARE CORPORATION
Topics:


Related Articles
SCRIPPS FILES FOR OFFERING
SCRIPPS FILES FOR STOCK OFFERING
SCRIPPS TRUST COMMENCES PUBLIC OFFERING OF CLASS A COMMON
E.W. SCRIPPS OFFERS TO BUY SUBSIDIARY'S STOCK
CHARLES SCRIPPS RETIRES; LAWRENCE LESER NAMED CHAIRMAN OF THE E. W. SCRIPPS CO.
COMCAST ACQUIRES 800,000 CABLE SUBSCRIBERS FROM E.W. SCRIPPS
SCRIPPS PARTNERS WITH SCHOOLS NOW
SCRIPPS BANK AND THOMAS W. SEFTON TRUST ANNOUNCE CAPITAL TRANSACTION
Scripps to Acquire Harte-Hanks Newspapers and TV Station; Announces Stock Repurchase Program
Scripps and Howard Trusts Commence Public Offering of 5.5 Million Shares; Offering Priced at $50 Per Share

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters