Scripps’ (SSP) Q1 Results
Scripps (NYSE: SSP) is up just over 2% in early morning trading (9:58am).
Here is Scripps’ first quarter earnings release.
Relevant Shopzilla numbers:
Interactive media revenue from the company’s online comparison shopping services, Shopzilla and uSwitch, was $58.6 million for the first quarter. Segment profit was $13.9 million.
Interactive media results include revenue and a contribution to segment profit from uSwitch for the two-week period after it was acquired by Scripps on March 16. The company acquired Shopzilla on June 27, 2005. At Shopzilla, revenue was $55.6 million, up 107 percent on a pro forma basis.
This compares to Q1 2005 results of $26.9m in revenue and $6.3m in profit. I’m hoping Scripps breaks out segment profit for Shopzilla on the conference call so we can also do an apples to apples comparison of on that front.
I won’t be able to listen to the call this morning, but I’ll check out the transcript later on today. A quick look at year over year (Y/Y) growth for Scripps other businesses shows how important the interactive unit is. Revenue for:
Newspapers is up 2.3% Y/Y
Licensing and other media is down 8.6% Y/Y
Broadcast television is up 15.9% Y/Y
Without interactive media growth of 100%+, Scripps just looks like another old school media company.
