Scripps Board Declares Second Quarter Dividend, Elects 3 To Board Over Slate Nominated By Mario Gabelli

Dividend

The Board of Directors of THE E.W. SCRIPPS CO. has declared a second quarter cash dividend of 5 cents/share.

The dividend will be payable on JUNE 25th to shareholders of record on JUNE 15th.  The company is selling its radio stations and has reclassified them as "discontinued operations" but will continue in the podcasting field with its ownership of MIDROLL MEDIA, parent of STITCHER and EARWOLF.

"Our board's continuation of a quarterly dividend reflects its strong belief in SCRIPPS' transformation strategy and the priority we place on returning value to shareholders," said President and CEO ADAM SYMSON. "Our solid first-quarter performance, combined with the tangible results we are seeing from the plan we laid out last year, is creating meaningful value for our shareholders in the near- and long-term."

Also, at TODAY's shareholders meeting, SCRIPPS shareholders turned back a slate of three candidates nominated by investor MARIO GABELLI's GAMCO ASSET MANAGEMENT INC. for three Class A seats on the board, COLLEEN BIRDNOW BROWN, RAYMOND H. COLE, and VINCENT L. SADUSKY, and elected SCRIPPS' own nominees LAUREN R. FINE, ROGER L. OGDEN, and KIM WILLIAMS.

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