EX-99.01
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dex9901.htm
PRESS RELEASE DATED JUNE 27, 2005
Press release dated June 27, 2005
Exhibit 99.01
PRESS RELEASE
Shopzilla acquisition completed
For immediate release (NYSE: SSP)
June 27, 2005
CINCINNATI - The E. W. Scripps Company today completed its acquisition of Shopzilla, a
leading online comparison shopping service. The company announced its intention to acquire Shopzilla on June 6.
Scripps paid $525 million in cash for 100 percent of Shopzilla. Shopzilla shareholders also received the amount of Shopzilla's net working capital at the time of
closing, which was about $39 million.
In conjunction with this transaction,
the company also completed the public offering of $150 million of 4.30% Notes due 2010. The balance of the funds needed to complete the transaction was provided by borrowing under the company's commercial paper program.
Scripps is a diverse media concern with interests in national lifestyle television networks,
newspaper publishing, broadcast television, television retailing, interactive media and licensing and syndication. All of the company's media businesses provide content and advertising services via the Internet.
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Contact: Timothy Stautberg, The E. W. Scripps Company, 513.977.3826
Email:
Stautberg@scripps.com
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EX - 99 . 01 2 dex9901 . htm PRESS RELEASE DATED JUNE 27 , 2005 Press release dated June 27 , 2005 Exhibit 99 . 01 PRESS RELEASE Shopzilla acquisition completed For immediate release ( NYSE : SSP ) June 27 , 2005 CINCINNATI - The E . W . Scripps Company today completed its acquisition of Shopzilla , a leading online comparison shopping service . The company announced its intention to acquire Shopzilla on June 6 . Scripps paid $ 525 million in cash for 100 percent of Shopzilla . Shopzilla shareholders also received the amount of Shopzilla 's net working capital at the time of closing , which was about $ 39 million . In conjunction with this transaction , the company also completed the public offering of $ 150 million of 4 . 30 % Notes due 2010 . The balance of the funds needed to complete the transaction was provided by borrowing under the company 's commercial paper program . Scripps is a diverse media concern with interests in national lifestyle television networks , newspaper publishing , broadcast television , television retailing , interactive media and licensing and syndication . All of the company 's media businesses provide content and advertising services via the Internet . # # # Contact : Timothy Stautberg , The E . W . Scripps Company , 513 . 977 . 3826 Email : Stautberg@scripps.com 5