E.W. Scripps Co. agreed to buy Summit American TV’s 30% stake in ...
E.W. Scripps Co. agreed to buy Summit American TV’s 30% stake in the Shop At Home Network and its 5 Shop At Home TV stations for $235 million in 2 types of Summit stock and a forgiven loan. Scripps…
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had bought the other 70% of the shopping network from Summit in Oct. 2002. The TV stations are KCNS (Ch. 38) San Francisco, WMFP (Ch. 62) Lawrence, Mass., WOAC (Ch. 67) Canton, O., WSAH (Ch. 43) Bridgeport, and WRAY-TV (Ch. 30) Wilson, N.C.