The Voice of Online Marketing | MEDIA KIT | NEWS TIPS
The latest practical news and developments at the intersection of search, email,
social media, mobile marketing, web analytics, online advertising, ecommerce and more.
Marketing News on Twitter Interactive marketing RSS newsfeed
Advertisement
Advertisement
MARKETING JOBS

Leapin' Lizards: Scripps 3Q Profits Jump on Shopzilla Gains

Newspaper publisher and cable network owner E.W. Scripps reported today that its profits jumped 48 percent in the third quarter, in large part due to gains by its TV networks and comparison-shopping site Shopzilla.com, which it acquired in June, reports the Associated Press. Scripps earned $82.2 million, or 50 cents per share, compared with $55.6 million, or 34 cents per share, in the prior-year period. Revenue rose 19 percent to $594.7 million from $499.8 million a year ago.

Shopzilla's revenue more than doubled year-over-year, and profits increased nearly six-fold: It posted a profit of $7.3 million on $35.2 million in revenue; in the prior-year period, its profit was $1.2 million, on $15.9 million in revenue. Advertising revenue at Scripps Networks, which includes the HGTV, Food Network and DIY Network cable channels, jumped 27 percent to $163 million.

Profit in the newspaper division was down 23 percent to $41.6 million, compared with $54.2 million during the same period last year.

Search

Related Topics

Advertisement
Related stories: - Shopzilla, Scripps Think Big (Gargantuan Even) _ Scripps to Buy Shopzilla, Expand Online Business

Subscribe to MarketingVOX|News

Latest interactive marketing news Latest media planning news & facts Latest marketing data & research