SEC declares Scripps' registration statement effective
Tue, August 26, 1997 by Rich Boehne
CINCINNATI, Ohio – The E.W. Scripps Company said today that the registration statement related to the sale of its cable television division to Comcast Corporation has been declared effective by the Securities and Exchange Commission.Scripps shareholders of record on Sept. 18 will begin receiving proxy materials in the mail shortly. The Company has scheduled a shareholder meeting for Nov. 5 with respect to the transaction.In October 1995, Scripps announced that it had reached an agreement to merge its cable systems with Comcast in exchange for approximately $1.575 billion in Comcast stock, to be distributed tax-free to Scripps shareholders.Following completion of the deal, The E.W. Scripps Company will operate through three divisions - newspapers, broadcast television, and entertainment – and continue to trade under the NYSE symbol: SSP.