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EXHIBIT 21
SUBSIDIARIES OF PULITZER INC.
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The Registrant is currently a wholly-owned subsidiary of Pulitzer Publishing
Company ("Pulitzer").
On May 25, 1998, Pulitzer, the Registrant and Hearst-Argyle Television, Inc.
("Hearst-Argyle") entered into an Agreement and Plan of Merger pursuant to
which Hearst-Argyle will acquire Pulitzer's television and radio broadcasting
operations. Prior to the Merger and pursuant to the terms of a Contribution
and Assumption Agreement, Pulitzer will contribute, among other things, its
newspaper publishing and related new media assets and liabilities to the
Registrant (the "Contribution") and distribute (i) to each holder of Pulitzer
common stock one fully-paid and non-assessable share of the Registrant's common
stock for each share of Pulitzer common stock held and (ii) to each holder of
Pulitzer Class B common stock one fully-paid and non-assessable share of the
Registrant's Class B common stock for each share of Pulitzer Class B common
stock held (the "Distribution"). The Contribution and Distribution collectively
constitute the "Spin-off" of the Registrant from Pulitzer.
Immediately following the Spin-off, the following current subsidiaries of
Pulitzer will be subsidiaries of the Registrant:
Star Publishing Company
Pulitzer Technologies, Inc.
News Information, Inc.
WEJ Investment Company
Pulitzer Ventures, Inc.
Pulitzer Sports, Inc.
Xxxxxx Newspapers, Inc.
Pulitzer Community Newspapers, Inc. and its wholly-owned subsidiaries:
PCN Service Company
Hanford Sentinel, Inc.
Pulitzer Missouri Newspapers, Inc.
Napa Valley Publishing Company
Flagstaff Publishing Company
Santa Xxxxx Times, Inc.
Haverhill Publishing, Inc.
Sonoma-Marin Publishing Company
Kauai Publishing Company
Northern Lakes Publishing Company
Northern Illinois Publishing Company
Southwestern Oregon Publishing Company
Eastern Missouri Publishing Company
Southwest Montana Publishing Company
