St. Louis Post-Dispatch LLC Settles Carrier Lawsuit
July 20 2004 - 7:39AM
PR Newswire (US)
St. Louis Post-Dispatch LLC Settles Carrier Lawsuit ST. LOUIS, July
20 /PRNewswire-FirstCall/ -- St. Louis Post Dispatch LLC, a
subsidiary of Pulitzer Inc. (NYSE:PTZ) today announced that a
settlement has been reached regarding a lawsuit brought by a group
of independent St. Louis Post-Dispatch carriers. Under the terms of
the settlement, the carriers agree to permanently withdraw the
lawsuit in return for a payment totaling approximately $1.5 million
from St. Louis Post-Dispatch LLC. The lawsuit, filed in the
Missouri Circuit Court, Twenty-Second Judicial Circuit (St. Louis
City), alleged breach of, and tortious interference with, certain
of the carriers' contractual rights. The lawsuit was brought by 33
independent carriers engaged in home subscriber delivery of the St.
Louis Post-Dispatch under contracts covering 44 routes, and was
filed against St. Louis Post-Dispatch LLC, Suburban Journals of
Greater St. Louis LLC, and Pulitzer Inc., the parent company of
both entities. Matthew G. Kraner, vice president and general
manager of the St. Louis Post-Dispatch LLC, said, "We decided a
settlement clarifying the parties' rights was preferable to the
cost and uncertainty of continued litigation. With the resolution,
we have removed an obstacle relating to the acquisition of
additional home subscriber delivery routes." Pulitzer Inc. will
discuss this settlement and its effect on earnings during its
second-quarter earnings conference call scheduled for today, July
20, at 10 a.m. EDT. The webcast of the call can be assessed at
http://www.pulitzerinc.com/. The St. Louis Post-Dispatch is the
flagship newspaper of Pulitzer Inc. Founded on December 12, 1878,
by Joseph Pulitzer, the Post-Dispatch ranks second in Sunday and
seventh in daily reach among newspapers in the top 25 media markets
in the United States. 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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