Scaife's Wife Gets Giant Settlement After Messy Divorce -- Claims Newspaper is 'Hobby'Piece of advice, dude: there isn't a dog out there worth 725 grand a month. LET HER HAVE IT.
PITTSBURGH The estranged wife of billionaire and newspaper owner Richard Mellon Scaife, the Pittsburgh banking heir turned media mogul, was awarded $725,000 a month in temporary support during their acrimonious divorce, the Pittsburgh Post-Gazette reported Sunday.
Scaife, 75, and his second wife, Margaret Ritchie Battle Scaife, are battling on several fronts, from how to assess and divide his wealth to custody of a yellow Labrador retriever named Beauregard, the newspaper said.
The funny part is this dispute about assets:
A judge may also have to decide whether the $20 million to $30 million a year she claims he spends to support the Pittsburgh Tribune-Review constitutes a business loss, as he contends, or spending on a hobby, as she sees it. Scaife owns the newspaper - a rival to the Post-Gazette - along with the Tribune-Review of Greensburg and several smaller dailies and weeklies.Calling the Tribune-Review a hobby may be reasonable, depending on the legal fine points, but I would never call it a newspaper.
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Records filed in the case suggest Scaife has spent $140 million to $244 million, depending on whom you believe, to subsidize the Tribune-Review since its inception in 1992. Scaife's other papers are generally profitable, the divorce papers state.
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Margaret Scaife's alimony could grow higher depending on how Judge Alan Hertzberg views his income. He has asked for briefs due Thursday before making a final decision on the temporary award, which was set on a preliminary basis by a hearing officer last year.
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