Scripps share repurchase authorization increased; quarterly dividend declared

Tue, November 10, 1998 by Rich Boehne

CINCINNATI, Ohio – The Board of Directors of The E.W. Scripps Company today increased the company’s authorization to repurchase its Class A Common shares from 4 million to 6 million shares.On May 12, 1997, the board authorized the company to repurchase up to 4 million shares. As of Oct. 31, 1998, the company has repurchased approximately 3 million shares.The board today also declared a quarterly dividend of 14 cents ($0.14) per share payable Dec. 10 to shareholders of record at the close of business Nov. 25.