Scripps completes purchase of Vero Beach Press Journal
Tue, August 26, 1997 by Tim King
CINCINNATI, Ohio — The E.W. Scripps Company today completed the previously announced purchase of the Vero Beach Press-Journal from John J. Schumann Jr.Terms of the transaction were not disclosed.The Press-Journal, with circulation of 33,000 daily, 35,000 on Sunday and household penetration of 70 percent, serves all of Indian River County on the east coast of central Florida.The Vero Beach newspaper further enhances the Scripps presence in fast-growing Florida markets. The Company operates two other daily newspapers in Florida – The Stuart News, on the east coast about 30 miles south of Vero Beach, and the Naples Daily News on the southwest coast – as well as twice-weekly publications in Jupiter, Destin and Bonita Springs.On the television side, Scripps owns WFTS in Tampa, an ABC affiliate, and WPTV in West Palm Beach, an affiliate of the NBC network.