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 | ||
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Loss from discontinued operations, before tax: | ||||
Shopzilla: | ||||
Loss from operations | $ | (2,468 | ) | |
Loss on divestiture | (54,827 | ) | ||
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Loss from discontinued operations, before tax | (57,295 | ) | ||
Provision for income taxes | 3,957 | |||
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Loss from discontinued operations, net of tax | $ | (61,252 | ) | |
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Discontinued operations in 2011 reflect a loss on divestiture of $54.8 million related to the sale of the Shopzilla business.