SCRIPPS HOWARD INC. FILES REGISTRATION STATEMENT
SCRIPPS HOWARD INC. FILES REGISTRATION STATEMENT CINCINNATI, Nov. 15 /PRNewswire/ -- The E.W. Scripps Company
(NYSE: SSP) announced today that its wholly owned subsidiary, Scripps Howard Inc., has filed a registration statement with the Securities and Exchange Commission for the issuance of debt securities. After the registration statement is declared effective, the securities may be issued from time to time in one or more series in principal amounts aggregating up to $250 million and will be unconditionally guaranteed by The E.W. Scripps Company.
The debt securities may be offered for sale through underwriters or selling agents designated by the company. The underwriters may include Dillon Read & Co. or The First Boston Corporation. The debt securities will be offered only by means of a prospectus, a copy of which may be obtained by contacting the underwriters. The company expects to use proceeds from the sale of debt securities for general corporate purposes, including repayment of short-term and other indebtedness. The registration statement has been filed but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the debt securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities law of any such state. The E.W. Scripps Company operates, through its Scripps Howard, Inc. subsidiary, 10 daily newspapers, 10 television stations, five radio stations and cable television systems with 639,200 basic subscribers. The company also is a worldwide syndicator and licensor of news features and comics. -0- 11/15/91 /CONTACT: Rich Boehne of The E.W. Scripps Company, 513-977-3826/ (SSP) CO: The E.W. Scripps Company ST: Ohio IN: PUB SU: OFR DA -- CL012 -- 1705 11/15/91 16:26 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 15, 1991|
|Previous Article:||RJR NABISCO AWARDS $500,000 GRANT TO FAYETTEVILLE STATE UNIVERSITY|
|Next Article:||STARSTREAM COMMUNICATIONS GROUP ANNOUNCES THIRD QUARTER AND NINE-MONTHS RESULTS ENDED SEPT. 30, 1991|