The ratings on Cincinnati, Ohio-headquartered E.W. Scripps Co. reflect the company's diversified portfolio of media properties, significant growth from the cable television networks segment, healthy internal cash generation, and strong financial profile. These factors are tempered by the challenging operating climate for the newspaper and broadcast television businesses, repositioning of the unprofitable Shop At Home television retailing network, and growth through acquisition. Operations include five cable and satellite television networks (33% of 2004 revenues, 47% of operating cash flow), including Home&Garden Television and the Food Network; daily and community newspapers in 18 markets (33%, 38%); 10 broadcast television stations (16%, 17%); Shop At Home (14%, negative 3%), and licensing and other media (5%, 3%). In June 2005, Scripps
