Scripps to sell Shop At Home network assets to Jewelry
Reuters
June 21 (Reuters) – The E.W. Scripps Co. (SSP.N: Quote, Profile, Research) on Wednesday said it has agreed to sell certain assets of the Shop At Home television network to Jewelry Television.
Jewelry Television will pay $17 million for the fixed assets of the television network, the broadcaster and newspaper publisher said.
Scripps also lowered its estimated second-quarter after-tax charge to between $35 million and $45 million, compared with $60 million projected previously. (Reporting by Devidutta Tripathy in Bangalore)
