SCRIPPS LEADS INVESTMENT IN HOME SITE

By: Jennifer Owens HomePortfolio.com Gets $48 Million



Mediaweek) HomePortfolio.com, a Newton, Mass.-based market for home

design products, has attracted $48 million in a third round of

financing led by E.W. Scripps Co.'s Home & Garden Television (HGTV)

and joined by Cond?Net, Meredith Corp., and Excite@Home.



Besides media companies, other investors included Oak Investment

Partners (which led a $20 million second round last spring), Scripps

Ventures, (which led the first round in 1998), Brand Equity Ventures,

CMH Capital, Advent International, Camelot Capital and Bob Lessin,

chairman of Wit Capital and an early HomePortfolio investor.



The financing brings HomePortfolio's total capital raised to more than

$70 million.



'Cond?Net sees HomePortfolio as an integral part of our own strategy

in the home sector,' said Advance.net chairman Steve Newhouse, who

noted that Cond?Net president Sarah Chubb has been named to

HomePortfolio's board of directors. 'We look forward to working with

them.'