Scripps Names Directors For Post-Split Companies
E.W. Scripps Co. Monday named the directors who will serve on the governing boards of the two companies created once the media giant completes its split into two separate publicly traded companies in late June.
In October 2007, the company announced its board of directors had unanimously authorized management to pursue a separation of the company into two separate units; Scripps Networks Interactive, which includes cable networks HGTV, Food Network, Great American Country, Fine Living and DIY and E.W. Scripps Co. which includes its daily and community newspapers in 17 markets and 10 broadcast television stations.
Directors who will continue to serve on E.W. Scripps Co.’s board when the separation is complete include William Burleigh, chairman of the board and former CEO; John Burlingame, retired partner, Baker & Hostetler; Nackey Scagliotti, chairman of The Union Leader Corp.; David Moffett, senior advisor for the Carlyle group and Paul Scripps, retired vice president, newspapers, The E.W. Scripps Co.
New directors joining the board on July 1 include Richard Boehne, president and CEO; Mary McCabe Peirce, a great-granddaughter of the company’s founder and a trustee of the Edward W. Scripps Trust; John Hayden, president and CEO, The Midland Company; Roger Ogden, retired president and CEO, Gannett Broadcasting and Kim Williams, retired senior vice president, partner and associate director of global industry research at Wellington Management Co.
Leaving the E.W. Scripps Co. board of directors July 1 to serve as directors of Scripps Networks Interactive include Kenneth Lowe, president and CEO; Nicholas Paumgarten, chairman, Corsair Capital; David Galloway, corporate director and chair of the Bank of Montreal; Jarl Mohn, Mohn Family Trust and retired president and CEO, Liberty Digital; Jeffrey Sagansky, co-chairman and CEO of Peace Arch Entertainment; Ronald Tysoe, former senior advisor, Perella Weinberg Partners and former vice chairman of Federated Department Stores and Dale Pond, retired senior executive vice president of merchandising and marketing for the Lowe’s Companies.
Burlingame, Scagliotti and Peirce, as trustees of Edward W. Scripps Trust, also will serve on the Scripps Networks Interactive board.
When the separation is complete, The E. W. Scripps Company will include daily and community newspapers in 15 U.S. markets; the Scripps Media Center, which includes the Scripps Howard News Service; 10 broadcast television stations clustered among the nation's largest 50 markets, including six ABC affiliates, three NBC affiliates and one independent station; and the character licensing and feature syndication businesses operated by United Media. These businesses have combined annual revenue of about $1.1 billion and employ about 7,100 people.
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