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Pulitzer Shares Jump on Talk of Possible Sale

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By AP/KWMU

St. Louis – Pulitzer Incorporated shares spike more than 17 percent on news that the publisher of the St. Louis Post-Dispatch and other newspapers is considering a possible sale.

Pulitzer has retained Goldman, Sachs and Company as financial adviser and is exploring what it calls a range of alternatives that include a potential sale.

The news sent Pulitzer stocks surging Monday--up more than 17 percent in trading on the New York Stock Exchange.

Pulitzer president and chief executive Robert Woodworth stressed in an e-mail to employees yesterday that no final decisions have been made in a process that could take months.

In addition to its flagship St. Louis Post-Dispatch, Pulitzer operates the Suburban Journals of Greater St. Louis and 13 other daily newspapers.

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