Pulitzer Inc. to Issue First-Quarter Earnings on Tuesday, April 19, 2005
April 15 2005 - 10:26AM
PR Newswire (US)
Pulitzer Inc. to Issue First-Quarter Earnings on Tuesday, April 19,
2005 ST. LOUIS, April 15 /PRNewswire-FirstCall/ -- Pulitzer Inc.
(NYSE:PTZ) said today it will announce its earnings for the first
quarter of 2005 on Tuesday, April 19, at approximately 8 a.m.
Eastern Time. The Company will not hold a conference call. On
January 30, 2005, Lee Enterprises, Incorporated (NYSE:LEE) and
Pulitzer Inc. (NYSE:PTZ) announced that they 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 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. 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. 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.
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 has filed with
the SEC a preliminary proxy statement (and will file a definitive
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 DEFINITIVE 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 definitive proxy statement, as well
as other filings containing information about Pulitzer, may be
obtained at the SEC's Internet site (http://www.sec.gov/) when it
becomes available. Copies of the definitive proxy statement and the
SEC filings that will be incorporated by reference in the
definitive proxy statement can also be obtained, when available,
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 at Pulitzer Inc., +1-314-340-8402
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