Spin-off of Scripps Networks Interactive; Merger of Scripps Networks Interactive Sample Clauses

Spin-off of Scripps Networks Interactive; Merger of Scripps Networks Interactive. (i) On July 1, 2008, X.X. Xxxxxxx effected a spin-off of Scripps Networks Interactive, which was a wholly-owned subsidiary of X.X. Xxxxxxx, by way of a pro rata distribution of 100% of the shares of Scripps Networks Interactive (the “SNI Spin-off”), such that each of the shareholders of X.X. Xxxxxxx received one Class A common share, $.01 par value, of Scripps Networks Interactive (the “SNI Class A Common Shares”) for each EWS Class A Common Share held of record on the record date for the SNI Spin-off and one common voting share, $.01 par value, of Scripps Networks Interactive (the “SNI Common Voting Shares”) for each EWS Common Voting Share held of record on the record date for the SNI Spin-off.
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