Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Iconix Brand Group Inc    ICON

News SummaryMost relevantAll newsSector newsTweets

ICONIX BRND : Scripps Completes Sale of United Media

share with twitter share with LinkedIn share with facebook
share via e-mail
06/03/2010 | 09:00pm CEST

CINCINNATI, June 3 /PRNewswire-FirstCall/ -- The E.W. Scripps Company (NYSE: SSP) has completed the sale of its character licensing business to Iconix Brand Group, Inc. (Nasdaq: ICON) for $175 million in cash. The sale price is subject to a post-closing adjustment for working capital.

United Media Licensing works with more than 1,250 licensees in approximately 40 countries. The majority of licensing revenue is generated by products associated with the characters of the Peanuts comic strip, which Scripps brought to market in 1950.

Scripps still owns United Media's syndication operation and will continue to syndicate comic strips and editorial features that are developed and marketed worldwide through United Feature Syndicate and Newspaper Enterprise Association.

A range of options is being considered for the after-tax proceeds from the sale. Making voluntary, tax-advantaged contributions to the company's defined benefit pension plans is among the top priorities.

About Scripps

The E.W. Scripps Company is a diverse, 131-year-old media enterprise with interests in television stations, newspapers, local news and information Web sites, and content syndication. The company's portfolio of locally focused media properties includes: 10 TV stations (six ABC affiliates, three NBC affiliates and one independent); daily and community newspapers in 13 markets and the Washington, D.C.-based Scripps Media Center, home of the Scripps Howard News Service; and United Media, the syndicator of approximately 150 features and comics. For a full listing of Scripps media companies and their associated Web sites, visit http://www.scripps.com/.

SOURCE The E.W. Scripps Company

share with twitter share with LinkedIn share with facebook
share via e-mail
08/15 ICONIX BRAND : 'Football-First' Umbro Brand Unveils Marketing Campaign With Newl..
08/15 ICONIX BRAND GROUP, INC. : Regulation FD Disclosure, Financial Statements and Ex..
08/15 ICONIX BRAND GROUP, INC. (NASDAQ : ICON) Files An 8-K Regulation FD Disclosure
08/14 ICONIX BRAND : Management's Discussion and Analysis of Financial Condition and R..
08/14 ICONIX BRAND : Announces Relaunch of Iconic PONY Brand With "Product of New York..
08/11 ICONIX BRAND GROUP, INC. (NASDAQ : ICON) Files An 8-K Results of Operations and ..
08/11 ICONIX BRAND GROUP, INC. : Results of Operations and Financial Condition, Financ..
08/10 ICONIX BRAND : Marketing and Entertainment Veterans Launch New Branding Agency, ..
08/09 ICONIX BRAND GROUP, INC. (NASDAQ : ICON) reported earnings of $0.26 per share be..
08/09 ICONIX BRAND : posts 2Q profit
More news
News from SeekingAlpha
08/10 ICONIX BRAND GROUP : Catalysts Ahead
08/10 ICONIX BRAND GROUP : Q2 Breakdown
08/09 Iconix Brand Group's (ICON) CEO John Haugh on Q2 2017 Results - Earnings Call..
08/09 Iconix Brand beats by $0.07, beats on revenue
08/08 Notable earnings before Wednesday?s open