Scripps Trust offers 5 million shares
Thu, November 18, 2004 by Tim Stautberg
CINCINNATI – The Edward W. Scripps Trust today agreed to sell 5 million Class A Common Shares of The E. W. Scripps Company to Morgan Stanley.The E. W. Scripps Company will not receive proceeds from the sale. In August, Scripps filed a shelf registration statement with the Securities and Exchange Commission covering a proposed offering of 12 million shares by the Trust, which is the controlling shareholder of the company. The sale of shares by the Trust to Morgan Stanley represents a portion of that shelf registration. The Trust has advised the company to withdraw the balance of shares covered by the shelf registration upon completion of the transaction announced today.The company’s Class A Common Shares are traded on the New York Stock Exchange under the symbol "SSP." The E.W. Scripps Company is a diverse media concern with interests in national lifestyle television networks, newspaper publishing, broadcast television, television retailing, interactive media and licensing and syndication. All of the company’s media businesses provide content and advertising services via the Internet.