We hear that Scripps is trying trying to dump its Shopzilla comparison shopping engine, looking for something in the $500 million – $600 million range. Scripps paid $525 million for Shopzilla in June 2005, and if they can get anything close to that, their bankers will have earned their fees. The acquisition has been a bust: Shopzilla makes up half of Scripps’ interactive group, which has managed to see revenues and profits decrease in a booming online market. Any takers?
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