On June 28, 2005, Standard&Poor's Ratings Services assigned its 'A' rating to E.W. Scripps Co.'s $150 million 4.30% senior notes due 2010. These securities were drawn down from the company's shelf registration. Proceeds from the notes offering, combined with commercial paper borrowings and cash on hand, were used to finance the acquisition of Shopzilla. At the same time, Standard&Poor's affirmed its 'A' long-term corporate credit and senior unsecured debt and 'A-1' short-term corporate credit and commercial paper ratings on the company. The outlook is stable. About $1 billion of debt is outstanding. The ratings on Cincinnati, Ohio-headquartered Scripps reflect the company's diversified portfolio of media properties, significant growth from the cable television networks segment, healthy internal
