Pulitzer (NYSE:PTZ)
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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/