Scripps Sets Special Merger Dividend Value
March 31, 2015 at 3:52 AM (PT)
In advance of WEDNESDAY's scheduled closing of its merger with JOURNAL COMMUNICATIONS, THE E.W. SCRIPPS CO. has set the previously-announced special one-time cash dividend to be paid to its shareholders at $1.0297 per share upon closing.
The dividend is payable to shareholders of record as of the close of business on MARCH 25th and is in the aggregate amount of $60 million; the shareholders will also receive shares in publishing spinoff JOURNAL MEDIA GROUP.