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Scripps board approves split into cable, newspaper companies
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CINCINNATI (AP) - E.W. Scripps Co. board has approved management's plan to separate the media company into two public companies, effective July 1.
The board authorized management in October to pursue the separation. The company said Friday that completion of the transaction still needs government regulatory approval.
One company, Scripps Networks Interactive, will include the cable networks and online comparison shopping sites Shopzilla and uSwitch. The other, E.W.
Scripps, will have 10 broadcast television stations and newspapers in 15 U.S.
markets.
Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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