Scripps Networks Interactive, Inc. | 2013 | FY | 3


5.  DISCONTINUED OPERATIONS 

Our Shopzilla business and its related online comparison shopping brands was sold during the second quarter of 2011 for approximately $160 million in cash.

The assets, liabilities and results of operations for our Shopzilla business have been retrospectively presented as discontinued operations within our consolidated financial statements for all periods presented.

Operating results of our discontinued operations were as follows:

 

(in thousands)  For the year ended
December 31, 2011
 

Shopzilla operating revenues

  $87,492  
  

 

 

 

Loss from discontinued operations, before tax:

  

Shopzilla:

  

Loss from operations

  $(2,468

Loss on divestiture

   (54,827
  

 

 

 

Loss from discontinued operations, before tax

   (57,295

Provision for income taxes

   3,957  
  

 

 

 

Loss from discontinued operations, net of tax

  $(61,252
  

 

 

 

Discontinued operations in 2011 reflect a loss on divestiture of $54.8 million related to the sale of the Shopzilla business.


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