PTZ Pulitzer

Pulitzer Newspapers, Inc. Acquires Weeklies Serving Santa Ynez Valley, Calif. SANTA MARIA, Calif., July 2 /PRNewswire-FirstCall/ -- Pulitzer Newspapers, Inc. ("PNI") a subsidiary of Pulitzer Inc. (NYSE:PTZ) and the parent of Pulitzer Central Coast Newspapers ("PCCN"), publisher of the Santa Maria Times and The Lompoc Record, today announced the purchase of two weekly newspapers serving the Santa Ynez Valley - the paid-circulation Santa Ynez Valley News and the free Santa Ynez Extra Edition - from Ynez Corporation, owned by Peg Johnson. Terms of the purchase were not disclosed. "The Santa Ynez Valley News and Santa Ynez Valley Extra are a great complement to our other PCCN publications in Santa Barbara County and will significantly expand the audience reach we can offer our advertisers," said Cynthia Schur, president and publisher of PCCN. "We are delighted that Peg Johnson has entrusted us with publications which she has worked so diligently to develop. We are confident that the resources and talent available at PCCN will enable these publications to better serve Santa Ynez Valley readers." "Pulitzer Newspapers has a well-earned reputation for excellence. The Santa Ynez Valley News and the Santa Ynez Extra Edition are in good hands," said Johnson. The Santa Ynez Valley News was founded in 1927. Johnson acquired sole ownership of the publication in 1980. Both publications will continue to be printed at the Santa Maria Times in Santa Maria, Calif. Johnson will continue to work with the publications through a transitional period. In addition to the Santa Maria Times and The Lompoc Record, PCCN's operations include three English-language weekly newspapers, El Tiempo, a Spanish-English weekly newspaper, a monthly real estate publication, and news-based Web sites. Pulitzer Inc., through various subsidiaries and affiliated entities, is engaged in newspaper publishing and related new media activities. Pulitzer Inc.'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 65 weekly newspapers, shoppers and niche publications. In addition to the Santa Maria Times and The Lompoc Record, the PNI dailies are The Pantagraph, Bloomington, Ill.; The Daily Herald, Provo, Utah; 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.; and The Daily News, Rhinelander, Wisc. The Company's newspaper operations also include the Suburban Journals of Greater St. Louis, a group of 38 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. DATASOURCE: Pulitzer Inc. CONTACT: James V. Maloney, Director of Shareholder Relations, of Pulitzer Inc., +1-314-340-8402 Web site: http://www.pulitzerinc.com/

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