832428--3/2/2009--SCRIPPS_E_W_CO_/DE

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{capital, credit, financial}
{cost, operation, labor}
{product, market, service}
{debt, indebtedness, cash}
The model for profitably operating a newspaper may change more rapidly than the Company s ability to adjust. A significant portion of our operating cost for the newspaper segment is newsprint, so an increase in price may adversely impact our operating results. Increased programming costs could adversely affect our operating results. The loss of affiliation agreements or the ability to secure or maintain distribution of our television stations signals could adversely affect our television stations results of operations. Our television stations may be at a competitive disadvantage if we fail to secure or maintain carriage of our stations signals over cable and/or direct broadcast satellite systems. If we cannot renew our FCC broadcast licenses, our broadcast operations will be impaired. Macro economic factors may impede access to or increase the cost of financing our operations and investments. Our ability to meet the covenants in our debt agreement may affect our ability to borrow under our Revolving Credit Agreement.

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