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Article: Scripps Holds Its Own.(Scripps Networks Inc.)
- Article from:
- Multichannel News
- Article date:
- June 23, 2008
- Author:
CopyrightCOPYRIGHT 2008 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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by Mike Farrell
SNI Stock Price Holds Steady as Split Draws Closer
With just under a full week of trading under its belt on the when-issued market, Scripps Networks Interactive appeared to be holding its own, maintaining a share price in the $43-per-share range as it moves closer to being a separate publicly owned company.
E.W. Scripps is slated to complete its long-anticipated split of its cable-television content assets (Scripps Networks) and its newspaper and TV-station unit (E.W. Scripps) on July 1. The stocks of both companies began trading on the when-issued market of the New York Stock Exchange on June 12.
Scripps Networks, ...