In response to a Reuters news report, St. Louis-based Pulitzer Inc. on Sunday confirmed that the company is “currently engaged in the process of exploring a range of strategic alternatives to enhance shareholder value, including a possible sale of the
In response to a Reuters news report, St. Louis-based Pulitzer Inc. on Sunday confirmed that the company is “currently engaged in the process of exploring a range of strategic alternatives to enhance shareholder value, including a possible sale of the company.”
In a prepared statement, Pulitzer said: “No formal decisions have been made and no agreements have been reached at this time. There can be no assurances that any particular alternative will be pursued or that any transaction will occur, or on what terms.”
Pulitzer said it has retained the firm Goldman, Sachs & Co. as financial advisor to assist in its review.
Pulitzer Inc., owns two major metropolitan dailies, the St. Louis Post-Dispatch and the Arizona Daily Star in Tucson, Ariz., and 12 other daily newspapers, including Kauai Publishing Co., the parent company of The Garden Island newspaper.
