The Standard Corp., publisher of the Ogden Standard Examiner newspaper and majority owner of KUTV television, has undergone a reorganization, as control of the communications concern has been turned over to the family of company president Gene Glasmann Hatch.
Terms of the change, where decendents of the late Blaine V. Glasmann Sr. redeemed their undisclosed share in the company, were not released.The transaction was partially financed by E.W. Scripps Co., a communications company based in Cincinnati, Ohio. One of the 10 largest newspaper-based firms in the country, Scripps will have two seats of The Standard Corp.'s board of directors and an option to become a partial owner, a spokesman said.
"Our partnership with E.W. Scripps will enhance the quality of the paper and provide us with benefits that will strengthen our company and our ability to put out the finest possible product," Hatch said.
The Standard Corp. was founded more than a century ago by William Glasmann and has major investments in newspapers, television stations and other communication-related enterprises.