Pulitzer (NYSE:PTZ)
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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