Scripps sells $50 million of 5-year notes
Thu, January 30, 2003 by Mark Kroeger
CINCINNATI – The E. W. Scripps Company today completed the public offering of $50 million of 3.75% Notes due 2008. The company intends to use the net proceeds of the offering to repay a portion of its outstanding commercial paper obligations.Celebrating its 125th anniversary, The E.W. Scripps Company is a diverse media concern with interests in newspaper publishing, broadcast television, national television networks, interactive media and television-retailing. Scripps operates 21 daily newspapers, 10 broadcast TV stations, four cable and satellite television programming services and a home shopping network. All of the company’s media businesses provide content and advertising services via the Internet.Scripps Networks brands include Home & Garden Television, Food Network, DIY -- Do It Yourself Network and Fine Living. Home & Garden and Food Network each can be seen in about 80 million U.S. television households. Scripps Networks is home to three of the Internet’s most popular Web sites – foodtv.com, hgtv.com and diynet.com. Scripps Networks programming can be seen in 25 countries. The company’s home shopping subsidiary, Shop At Home Network, markets a growing range of consumer goods directly to television viewers and visitors to the Shop At Home Web site, shopathometv.com. Shop At Home reaches about 46 million full-time equivalent U.S. households.Scripps also operates Scripps Howard News Service and United Media, which is the worldwide licensing and syndication home of PEANUTS and DILBERT.