The Press: Sale (?) in Cincinnati

Disposing of a newspaper, even a profitable one, can sometimes be a problem. E.W. Scripps Co., owner of the 18-paper Scripps-Howard chain, had been directed by the Justice Department in 1964 to sell its majority stock interest in Cincinnati's money-making morning Enquirer (1970 profit: $2,100,000) and thus break up the Scripps-Howard monopoly in the city. Scripps also owns the evening Post & Times-Star. But finding an acceptable buyer for the Enquirer has given Scripps fits.

The paper's employees offered to buy the stock at $35 a share, and Scripps was willing. But four minority stockholders sued to prevent the sale, claiming the...

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