Shakeup at Shopzilla

Well, well, well. After I quit my job at the Scripps owned internet company Shopzilla as a Search Engine Optimization Specialist a month ago, I remember all the pep talk of ‘being part of a leading company’, having a bright future’ and being ‘ahead the curve’ while reading these (related, I assume) stories about the resignation of the President and the founder of Shopzilla and the disappointing profits. Forbes writes:

E.W. Scripps Co. on Tuesday posted a fourth-quarter profit but warned of first-quarter earnings lower than Wall Street estimates and of lower profits in the interactive media division the company is counting on to help drive earnings amid its slumping newspaper business. (…) Scripps said its interactive media division, which includes the Shopzilla and uSwitch online comparison shopping sites, had operating profit in the fourth quarter of $28.3 million on revenue of $86.6 million. But Scripps expects it to generate segment profit of only about $9 million in the first quarter.

And from Search Engine Watch:

Shopzilla announced Tuesday that its founding chairman and its president of two years will depart from the shopping search engine in the spring. William Glass, currently chief operating officer of Shopzilla, has been named president, replacing John Phelps, who has served as president of Shopzilla since shortly after it was acquired by E.W. Scripps in June 2005 for $525 million, and was its COO prior to that. Farhad Mohit, 37, Shopzilla’s co-founder and chief product officer, will also depart.

As they say – departures are also always great chances for fresh starts… for all parties…


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