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Article: SCRIPPS' SPLIT ISN'T A BELO 'ME-TOO'.
- Article from:
- NewsInc
- Article date:
- October 22, 2007
CopyrightCOPYRIGHT 2007 The Cole Group. 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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Despite being ballyhooed as a "me-too" reaction to the announced break up of Belo Corp. earlier this month, last week's announcement of a split of The E.W. Scripps Co., is alike insofar only that it creates two companies, one of which has a newspaper business.
In fact, after the breakup of Scripps, its business with newspapers in it will look a lot like Belo's business before its divorce.
Both plans, though, attempt to move operations perceived as being depressed by their newspaper affiliation away and get them on the stock market as stand-alone businesses that can, theoretically, soar.
In the case of Scripps, the oppressed division is the ...