Newspaper publisher E.W. Scripps Co. is selling the licensing rights for Charles Schulz's 'Peanuts' characters to Iconix Brand Group Inc. (owners of Joe Boxer and London Fog) for a whopping $175 million. Schulz's family will also gain 20% ownership of the unit that controls the characters. Schulz struggled for decades to win back the rights to his work, and this new "ownership interest" will give his heirs a far greater ability to moderate the way his creations are used.

Labels: Charles Schulz, Comic news, Money