Tag Archives: Edward W. Scripps Trust

Scripps Networks plans $1B share repurchase


Scripps Networks Interactive Inc. announced today it would invest $1 billion in a stock buyback plan, with a big chunk of the money going to the family trust that controls the


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Knoxville-based lifestyle media company.

Scripps Networks said it would buy 6,430,027 shares of its Class A Common Shares from The Edward W. Scripps Trust for $300 million, or $46.66 per share.

Another $700 million will be spent on buying back Class A Common Shares on the open market or through private transactions, the company said.

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