NEW YORK (Standard&Poor's) June 7, 2005--Standard&Poor's Ratings Services said today that its credit ratings and outlook on The E.W. Scripps Co. (A/Stable/A-1) are not affected by the announcement that the company had agreed to acquire Shopzilla for $525 million. In addition, Scripps will pay about $35 million for the company's net working capital at the time of closing, which is expected early in the 2005 third quarter. Shopzilla, a privately held Internet shopping search engine, will significantly expand Scripps' Internet business. Shopzilla is projected to generate revenues this year of $130 million - $140 million and EBITDA of $30 million - $33 million. The acquisition will be financed with commercial paper and a drawdown from Scripps'
