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Scripps-Howard Buys Vero Beach Press-Journal

March 20, 1996

VERO BEACH, Fla. (AP) _ The Vero Beach Press-Journal, a family-owned newspaper founded 70 years ago, is being sold to the Scripps-Howard media company.

Employees at the daily newspaper with a circulation of 33,000 learned Tuesday that the paper would become part of the Cincinnati-based company later this spring. Terms of the sale were not immediately available.

``We have coveted this newspaper and its market for many years,″ said Lawrence A. Leser, Scripps-Howard chairman and chief executive officer.

Press-Journal publisher John Schumann Jr. said Scripps-Howard’s high standards for journalism was an important factor in selecting the company as the paper’s new owner. No major changes in the paper’s operations were anticipated, he said.

The late J.J. Schumann founded The Journal in 1926. A year later he bought the Vero Beach Press, merging them into the Vero Beach Press-Journal.

Darryl Hicks, associate publisher of the Press-Journal, will become president and general manager of the newspaper upon completion of the sale.

Scripps-Howard will also acquire the Press-Journal’s interests in the Business Journal, 50-Plus Magazine and Sun Publications.

Scripps-Howard operates 17 daily newspapers across the country. In Florida, it owns The Stuart News and Naples Daily News, as well as twice-weekly papers in Bonita Springs, Jupiter and Destin.

The company also owns WPTV-TV, the NBC affiliate in West Palm Beach, and WFTS-TV, the ABC affiliate in Tampa.

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