Scripps to Buy Shopzilla for $560 Million

Share this article:
Newspaper and broadcast giant E. W. Scripps Co. plans to pay $560 million in cash for Shopzilla, the Internet's No. 2 comparison-shopping service that formerly was known as BizRate.com.


Yesterday's announcement comes less than a week after eBay announced its own plans to buy Shopping.com, the Web's top comparison-shopping service, for $620 million.


Both deals are expected to close in the third quarter after gaining shareholder and regulatory approvals.


Like Shopping.com's relationship with eBay, Shopzilla, Los Angeles, will remain a standalone operating unit of Scripps. Shopzilla is privately held.


Scripps owns the Scripps Howard News Service and newspapers like Denver's Rocky Mountain News and the Knoxville [TN] News Sentinel. The company also runs TV brands like the Food Network, DIY Network and Home & Garden.


Mickey Alam Khan covers Internet marketing campaigns and e-commerce, agency news as well as circulation for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters


Share this article:
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Is the Next Mobile Already at Hand?

Is the Next Mobile Already at Hand?

Researchers quibble about just how big the Internet of Things is going to be, but a new report says it's going to be huge and that marketers need to pay ...

Sony Brings Data to Outdoor Advertising

Sony Brings Data to Outdoor Advertising

Norwegian moviegoers got front-row seats when Sony took dynamic digital ads off the Web and into theaters.

Ramp Introduces Video Platform for Marketers

Ramp Introduces Video Platform for Marketers

The cloud-based platform syncs with marketing automation and capitalizes on user behavior to extend view times.