Revenue from Internet sites, from comparison shopping to broadband shows on how to remodel your bathroom, now totals 13 percent of the E.W. Scripps Co.'s revenue--and that may rise once the
effectiveness of Internet advertising can be proven. Ken Lowe, president and chief executive officer at Scripps, says "eyeballs are shifting faster than dollars." He adds that millions of consumers
are now watching video on mobile devices, which forces media companies to find new platforms: "Guess what? Your DVD player is about to pass into history, too. We have more control now over what we
watch and when we watch it than ever before." The media company recently acquired online comparison-shopping sites Shopzilla and uSwitch. In the comparison-search model, advertisers pay only for
customers who have clicked to their site. The shopping sites that form Scripps' new interactive division are the latest step in its transformation from a newspaper company to a content company that
furnishes platforms for advertisers.
advertisement
advertisement
Read the whole story at The Cincinnati Enquirer »