CINCINNATI: E.W. Scripps has named Nackey E. Scagliotti, a great-granddaughter of the company founder, as chairwoman. She will take over May 5, when William R. Burleigh steps down after 10 years.
Scagliotti, 63, is a trustee of the Edward W. Scripps Trust and has been a Scripps director and chair of the company’s New Hampshire newspaper publishing business since 1999. She worked her way up through the newspaper business.
E.W. Scripps (NYSE: SSP) comprises numerous newspapers and other publications, print licensing and syndication and 10 TV stations. Scripps recently closed its Denver newspaper, The Rocky Mountain News, which had been in print for 140 years. Scripps bought the paper in 1926. A 2001 joint operating agreement with rival The Denver Post could not save it.
SSP posted a net loss of $476.6 million on $1 billion in revenues for 2008. (The loss figure before extraordinary items was $632.3 million.) The TV stations pulled in net income of $31.1 million on revenues of $93.4 million. -- Deborah D. McAdams
