BREAKING: Board approves Scripps split

Submitted by R. Neal on Fri, 2008/05/09 - 4:08pm.

Knoxville News Sentinel:

One company, Scripps Networks Interactive Inc., will include the cable networks HGTV, Food Network, DIY Network, Fine Living Network and Great American Country 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, the News Sentinel, Rocky Mountain News in Denver and The Commercial Appeal in Memphis.

The deal will give E.W. Scripps shareholders one share of the new Scripps Interactive company for each share of E.W. Scripps stock, minus a 1-3 reverse split for E.W. Scripps stock.

I'm not real good at math, but does this mean the Scripps board puts the value of their cable/interactive business at three times the value of their broadcast TV and print business?

At any rate, we hope it's not too lonely out there for the newspapers being pushed out to sea on the ice floe. If Scripps goes, Knoxville will be left with, what, the Journal and Knoxville Voice? Not that there's anything wrong with those fine publications, but still.


Ain't goin' noplace

Ahhh. There are Scripps newspapers in Knoxville doing great work -- if you doubt it, check out Monday's edition of the Farragut/Hardin Valley Shopper.

Four stories to blow your socks off. -- s.

Shameless

Shameless tease.
I'm still trying to figure out why the Shopper stopped coming to my house.
Only paper I read in hardcopy.

No offense to the to The

No offense to the to The Shopper, but is there any way (Jack, Larry, Sandra, Bean???) I can get the delivery dude from tossing it on my driveway every Tuesday...actually my grass...at 5am...while driving a a piece of shit car without a muffler that wakes me up every damn night when its thrown in my yard. I prefer to read it online vs tossing it in my trash every Tuesday morning. Just asking. Thanks!

I still get the car

minus muffler but no paper. Guess one of my neighbors still gets the sentinel.

Circulation issues

Sigh -- Guess this speaks to the new media, huh?

Direct circulation complaints (that means street addresses) to me at sclark426@aol.com and I'll take care of them -- at least I'll take care of the "stops."

The "sends" need to be evaluated case-by-case. Thanks for reading, you-all. -- s.

Scripps

Scripps at one time owned several big papers, what is up with them? Are they just not mentioned in the article or are they gone?

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

Captcha
This question is used to make sure you are a human visitor and to prevent spam submissions.
Copy the characters (respecting upper/lower case) from the image.