UPI reached a settlement with E. W. Scripps Co.

A U.S. bankruptcy judge approved a settlement under which Scripps will be credited with more than $1 million in claims that it filed against United Press International after the wire service filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code last spring. UPI in return will receive from Scripps $300,000 in cash, an extension on the lease from Scripps of its communications center and the freeing up of $500,000 that Scripps owed it in overseas royalties. Scripps sold UPI to its current owners in 1982.