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They advised a heavy investment in Internet properties.
Internet properties are not included in the current formula.
"It does underscore the value of Internet properties with a large audience," he said.
New York Times Digital, which operates the Times Company's Internet properties, based in Manhattan.
A division of the company, New York Times Digital, operates Internet properties.
The prince's company also publishes books and owns television and Internet properties.
Some sites specialize in selling certain kinds of businesses like franchises, Internet properties or restaurants.
Scripps is just one of many media company to open their wallets for Internet properties in recent months.
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It owns 11 newspapers and 26 broadcast outlets and several Internet properties.
The idea behind the AOL Time Warner merger was to tie America Online's Internet properties together with Time Warner's traditional media operations.
It's no coincidence that all big deals for Internet properties — At Home's buyout of Excite; Barry Diller's bid for Lycos — are exchanges of paper.
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