Scripps Redeems Note Issues Prior to Maturity
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CINCINNATI, June 6 /PRNewswire-FirstCall/ -- The E. W. Scripps Company
(NYSE: SSP) has redeemed three note issues in advance of the previously
announced spin-off of its Scripps Networks and Interactive Media divisions
into a separate publicly traded company, Scripps Networks Interactive.
When Scripps announced the transaction in October 2007, the company
indicated it would redeem the note issues prior to the separation, which
currently is scheduled for July 1.
Information on the three note issues is as follows:
-- $100,000,000 original principal amount, 4.25% Notes due December 15,
2009; remaining principal balance was $86,250,000;
-- $150,000,000 original principal amount, 4.30% Notes due June 30, 2010;
remaining principal balance was $112,930,000;
-- $200,000,000 original principal amount, 5.75% Notes due July 15, 2012;
remaining principal balance was $185,445,000.
About Scripps
The E. W. Scripps Company ( www.scripps.com ) is a diverse and growing
media enterprise with interests in national cable networks, newspaper
publishing, broadcast television stations, interactive media, and licensing
and syndication.
The company's portfolio of media properties includes: Scripps Networks,
with such brands as HGTV, Food Network, DIY Network, Fine Living and Great
American Country; daily and community newspapers in 15 markets and the
Washington-based Scripps Media Center, home to the Scripps Howard News
Service; 10 broadcast TV stations, including six ABC-affiliated stations,
three NBC affiliates and one independent; Scripps Interactive Media, including
leading online search and comparison shopping services, Shopzilla and uSwitch;
and United Media, a leading worldwide licensing and syndication company that
is the home of PEANUTS, DILBERT and approximately 150 other features and
comics.
SOURCE The E. W. Scripps Company
Tim Stautberg of The E. W. Scripps Company, +1-513-977-3826,
stautberg@scripps.com
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