Shopzilla Update from Scripps Earnings Call
CEO Ken Lowe said on the earnings call:
The story at Shopzilla is one of improvement. Shopzilla finished strongly in the 4th quarter, with both the top and bottom lines ahead of last year during the same period. Even better, we’ve been experiencing very solid revenue growth in the early going so far this year thanks to increased traffic acquisition efficiencies. Things are definitely looking up at Shopzilla both here in the US and in Europe.
From the Q&A session:
As far as Shopzilla, we are obviously very encouraged by the recent news there and the change of fortunes that began in the fall. We are optimistic now that we are cycling over some weak quarters from last year but the 4th quarter was a very strong quarter for us and for the first time in several quarters we were experiencing double digit growth in net revenue there. I think we’re safe to say mid-teens level on revenue growth there. As we entered the year, ‘08, we continued to see that strength and we’re doing a lot of things to ensure that is sustainable for us. So we’re all very optimistic about how things are going at Shopzilla. The team out there is an outstanding job of righting the ship and getting us on the right track going forward.
And the final question: Are you looking to sell Shopzilla or uSwitch?
No, we’re not.

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