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CINCINNATI — Shares of E.W. Scripps Co., owner of 17 daily newspapers including the Rocky Mountain News and 10 television stations, fell 5.6 percent on the New York Stock Exchange after completing the spinoff of its cable-TV unit on Tuesday.
E.W. Scripps stock dropped 18 cents to $3.01 in composite trading. Scripps Networks Interactive Inc., the spinoff company that includes the HGTV and Food Network cable channels and the online-shopping site Shopzilla, advanced $1.40, or 3.7 percent, to $39.75.
