Pulitzer Inc. Declares $0.20 Quarterly Dividend
April 12 2005 - 1:05PM
PR Newswire (US)
Pulitzer Inc. Declares $0.20 Quarterly Dividend ST. LOUIS, April 12
/PRNewswire-FirstCall/ -- The Board of Directors of Pulitzer Inc.
(NYSE:PTZ) has declared a quarterly dividend of $0.20 per share on
its Common Stock and Class B Common Stock, payable on May 2, 2005
to stockholders of record on April 22, 2005. Pulitzer Inc., through
various subsidiaries and affiliated entities, is engaged in
newspaper publishing and related new media activities. The
Company's newspaper operations include two major metropolitan
dailies, the St. Louis Post-Dispatch and the Arizona Daily Star in
Tucson, Ariz., and through its Pulitzer Newspapers, Inc. (PNI)
subsidiary, 12 other dailies and more than 75 weekly newspapers,
shoppers, and niche publications. The PNI dailies are The
Pantagraph, Bloomington, Ill.; The Daily Herald, Provo, Utah; the
Santa Maria Times, Santa Maria, Calif.; The Napa Valley Register,
Napa, Calif.; The World, Coos Bay, Ore.; The Sentinel, Hanford,
Calif.; the Arizona Daily Sun, Flagstaff, Ariz.; the Daily
Chronicle, DeKalb, Ill.; The Garden Island, Lihue, Hawaii; the
Daily Journal, Park Hills, Mo.; The Lompoc Record, Lompoc, Calif.;
and The Daily News, Rhinelander, Wis. The Company's newspaper
operations also include the Suburban Journals of Greater St. Louis,
a group of 36 weekly papers and various niche publications. On
January 30, 2005, Lee Enterprises, Incorporated (NYSE:LEE), and
Pulitzer Inc. (NYSE:PTZ) announced that they have entered into a
definitive agreement for Lee to acquire all of Pulitzer's capital
stock for a cash purchase price of $64 per share, with enterprise
value totaling $1.46 billion based upon a value of $64 per share.
The boards of directors of both companies have unanimously approved
the transaction. The transaction is subject to customary closing
conditions and approval by Pulitzer shareholders. The transaction
is expected to close by the end of the second calendar quarter of
2005. The Company's new media and interactive initiatives include
STLtoday.com in St. Louis, azstarnet.com in Tucson, and Web sites
for all of its other dailies. Pulitzer Inc. is the successor to the
company originally founded by Joseph Pulitzer in St. Louis in 1878.
For more information, visit our Web site at
http://www.pulitzerinc.com/ . For more information, please contact
James V. Maloney, director of shareholder relations at Pulitzer
Inc., at (314) 340-8402. NOTES: This press release contains
forward-looking statements based on current management
expectations. Numerous factors may cause events to differ
materially from those anticipated in the forward-looking statements
including regulatory and other factors. Many of the factors that
will determine those events are beyond our capability to control or
predict. These statements are subject to risks and uncertainties
and therefore actual events may differ materially. Readers should
not place undue reliance on such forward-looking statements which
reflect management's view only as of the date hereof. We undertake
no obligation to revise or update any forward-looking statements,
or to make any other forward-looking statements, whether as a
result of new information, future events or otherwise. ADDITIONAL
INFORMATION AND WHERE TO FIND IT The proposed transaction will be
submitted to Pulitzer's stockholders for their consideration, and
Pulitzer will file with the SEC a proxy statement to be used to
solicit the stockholders' approval of the proposed transaction, as
well as other relevant documents concerning the proposed
transaction. STOCKHOLDERS OF PULITZER ARE URGED TO READ THE PROXY
STATEMENT REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT
DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, AS WELL AS
ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION. A free copy of the proxy statement,
as well as other filings containing information about Pulitzer, may
be obtained at the SEC's Internet site ( http://www.sec.gov/ ).
Copies of the proxy statement and the SEC filings that will be
incorporated by reference in the proxy statement can also be
obtained, without charge, by directing a request to James V.
Maloney, Secretary, Pulitzer Inc., 900 North Tucker Boulevard, St.
Louis, Missouri 63101. PARTICIPANTS IN THE SOLICITATION Pulitzer
and its directors and executive officers and other members of
management and employees may be deemed to be participants in the
solicitation of proxies from the stockholders of Pulitzer in
connection with the proposed transaction. Information regarding
Pulitzer's directors and executive officers is available in
Pulitzer's annual report on Form 10-K, which was filed with the SEC
on March 17, 2005. Additional information regarding the interests
of such potential participants will be included in the proxy
statement and the other relevant documents filed with the SEC when
they become available. DATASOURCE: Pulitzer Inc. CONTACT: James V.
Maloney, director of shareholder relations, Pulitzer Inc.,
+1-314-340-8402 Web site: http://www.pulitzerinc.com/
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