NEW YORK (Standard&Poor's) July 9, 2008--Standard&Poor's Ratings Services today lowered its long-term corporate credit rating on Cincinnati, Ohio-based E.W. Scripps Co. to 'BB+' from 'A' and removed the rating from CreditWatch, where it was placed with negative implications on Oct. 16, 2007. The rating outlook is stable. Subsequently, we withdrew the rating at the company's request. At the same time, we withdrew all outstanding ratings on the company's debt, including the 'A-1' commercial paper rating, reflecting the company's redemption of all outstanding commercial paper upon the separation of Scripps Networks Interactive Inc. The downgrade of the long-term rating (prior to its withdrawal) was based on the company's weakened business profile and narrower diversification following the separation
