Scripps: Renegotiating Shopzilla's Google Agreement; Networks Not For Sale (paidContent.org)

Friday July 25, 8:10 am ET By Joseph Weisenthal continued on a decent turnaround path this quarter. On the company's conference call, management said that for the year they expect $8-$10 million in profit for the two services. CFO Joseph NeCastro warned, however, that Shopzilla's sponsored links arrangement with Google (NasdaqGS: GOOG - News ) expires on October 31st: "We are in active discussions with them right now, but depending on where we end up, we could see some impact at the beginning in the fourth quarter." Management played it pretty coy on what they were getting at, though when pressed on the probability of working out an arrangement, NeCastro just said: "We have deal with Google if we want it." -- Housing Economy: There's been talk that the Scripps cable networks (HGTV in particular) could be particularly exposed... [read full story]