Saturday, October 02, 1999

Reds ownership restructured

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The Cincinnati Enquirer

        The reorganized company that took control of the Reds on Friday is a limited liability company owned by Carl H. Lindner, the Louise Dieterle Nippert Trust, George L. Strike and family, William J. Reik Jr., Multimedia of Cincinnati, Inc., a subsidiary of Gannett Co., Inc., Great American Insurance Company, The Carl A. Kroch Trust and Margaret U. Schott.

        The new company replaces a limited partnership of which Schott was general partner with 6.5 shares. Schott was paid $67 million Friday for 5.5 of those shares. Lindner is chief executive officer of the company. John Allen is managing executive.

       

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Reds Stories

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