WSJ Article – “Shopzilla’s revenue more than doubled over year ago-levels, to $35.2 million, and its segment profit jumped to $7.3 million from $1.2 million a year earlier.”
MarketWatch – “Revenue [for Scripps] rose 19% to $595 million, bolstered by continued growth Scripps’ cable networks and Shopzilla, the online comparison shopping service it acquired in June. Excluding Shopzilla, revenue rose 15%.”
AP – “Shopzilla’s revenue more than doubled year-over-year and profit increased about six-fold, Scripps’ CEO Kenneth Lowe said. The number of unique visitors to Shopzilla also was up sharply during the quarter. The deal to purchase Shopzilla in June initially raised concern among some investors worried over intense competition in online comparison shopping. But Lowe said at the time that the 126-year-old company has prospered by embracing each new era in media technology.”
Official EW Scripps Release – “At Shopzilla, we’re seeing plenty of evidence that a rapidly growing number of online shoppers are discovering the utility of this very powerful, online product search and price comparison service.”
