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Industry Moves
Scripps Networks’ Lisa Choi Owens Gets Oversight Of Digital Media Group

Mar 17, 2010 5:36 PM

Scripps Networks (NYSE: SNI) is promoting Lisa Choi Owens to SVP of digital media, which will give her oversight of the cable net’s websites and chart the further development of its mobile and social media programs. Owens has been with Scripps for nearly two years and has been handling online…

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Posted In: Advertising, Industry Moves, Media & Publishing, TV, Cable & Telecom, Companies, Scripps, Scripps Interactive, lisa choi

Scripps Sold uSwitch For Only $10 Million, 3 Years After Buying It For $366 million

Mar 1, 2010 11:06 PM

Late last year when Scripps Networks Interactive (NYSE: SNI) finally announced the sale of its UK utility comparison shopping site uSwitch, we knew it was for a lowball price, and we guessed around $50 million, three years after it bought the site for $366 million. Turns out Forward Internet Group,…

uSwitch's revenue numbers... »

Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Scripps, Scripps Interactive, uswitch

Scripps Networks’ Online Segment Declines; Swings To Profit

Feb 10, 2010 7:54 AM

Scripps Networks Interactive (NYSE: SNI) managed to return to profit in Q4, but the programmer reported continued weakness at its online properties. In addition to the profit swing, ad revenue at its Lifestyle Media segment was up 6.8 percent. At the Interactive Services segment, however, revenues were down 25 percent.…

EPS* Rev. vs Q408 Net Inc. vs Q408
Scripps Networks Interactive Release Beat Analysts' Estimates Revenue Indicator 6% Net Income Indicator 163%
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Advertising, Media & Publishing, TV, Cable & Telecom, Companies, Scripps, Scripps Interactive

No End In Sight For Scripps-Cablevision Spat; No HGTV, Food Either

Jan 3, 2010 8:08 PM

Licensing deals for some Scripps Networks Interactive (NYSE: SNI) channels ended at midnight New Year’s Eve for Time Warner Cable (NYSE: TWC) and Cablevision (NYSE: CVC). So why can Manhattan cable subs still see the Food Channel while their Long Island neighbors are blacked out? On the surface, it’s simple…

Cablevision claims Scripps wants 200 percent increase »

Posted In: Media & Publishing, TV, Cable & Telecom, Companies, Scripps, Scripps Interactive, cablevision, food network, hgtv, time warner cable

News Corp, Time Warner Cable Reach Deal Without Blackouts; Scripps Still On Bubble

Jan 1, 2010 7:24 PM

Fox viewers across the U.S. were able to get their Sugar fix without a blip now that News Corp (NYSE: NWS) and Time Warner Cable (NYSE: TWC) have managed to agree on a new deal. No details as all involved try to pretend this was never a public discussion that…

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Posted In: Media & Publishing, TV, Cable & Telecom, Companies, News Corp., Scripps, Scripps Interactive, bright house, time warner cable

Scripps Networks Finally Finds A Buyer For uSwitch: UK Group Forward; CEO Leaving

Dec 23, 2009 5:40 PM

After nearly six months of searching for a buyer for UK comparison shopping site uSwitch, Scripps Network Interactive is selling the company to the Forward Internet Group. Terms of the sale weren’t disclosed, but it was likely much smaller than the $366 million price that Scripps bought it for in…

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Posted In: E-Commerce, Media & Publishing, Companies, Scripps, Scripps Interactive

@ UBS Media Week: Scripps Networks To Spend $100 Million On Global Expansion

Dec 9, 2009 2:34 PM

Scripps Networks Interactive (NYSE: SNI) CEO Ken Lowe is betting heavily on international growth over the next year. In a presentation at the UBS Media Week conference, Lowe ticked off some recent deals: last month, the company took a 69 percent stake Indian broadcaster NDTV; it struck a JV with…

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Posted In: Media & Publishing, TV, Cable & Telecom, Events, UBS Media Week, Companies, NDTV, Scripps, Scripps Interactive

Scripps Networks Acquires 69 Percent Stake In NDTV Lifestyle For $55 Million

Nov 19, 2009 8:53 AM

Indian broadcaster NDTV Ltd and US-based Scripps Network Interactive today said they were forming a strategic alliance in the lifestyle broadcasting space in India. As part of the deal, Scripps will acquire 69 percent stake in NDTV Lifestyle Ltd, with the NDTV Group retaining the rest. Scripps will pay $55…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, NDTV, Scripps, Scripps Interactive

Leading Voices
Five Media Deals I’d Like To See Happen In 2010, Round 2

Nov 13, 2009 12:01 PM

Mark May is a principal and senior internet and digital media research analyst at Needham & Company, LLC, a full-service growth-company investment bank. Ken Sonenclar’s Leading Voices piece on Thursday titled “Five Media Deals I’d Like To See Happen In 2010” was thoroughly thought-provoking. Here are my own thoughts around…

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Posted In: Features, Leading Voices, Media & Publishing, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, CBS, CBS Interactive, Google, LinkedIn, Microsoft, New York Times, Scripps, Scripps Interactive, Time Warner, Viacom, Yahoo

Scripps Networks Profits Rise 14 Percent, Travel Channel Deal ‘Worst Kept Secret In M&A History’

Nov 6, 2009 11:03 AM

Profits at Scripps Networks Interactive (NYSE: SNI) rose 14 percent to $65.3 million in the third quarter, while total revenue were flat. The Cincinnati-based owner of cable TV networks Food Network and HGTV, said that the revenues in the Lifestyle segment, which includes those channels website ad sales, was up…

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Posted In: Media & Publishing, TV, Cable & Telecom, Companies, Scripps, Scripps Interactive

Scripps Networks To Acquire 65 Percent Of Travel Channel; Network Valued At $975 Million

Nov 5, 2009 8:29 AM

It’s official: Scripps Networks Interactive (NYSE: SNI) will acquire a 65 percent stake in the Travel Channel from Cox Communications. The deal works like this: the two companies form a joint venture; Cox puts in the Travel Channel, valued at $975 million; Scripps contributes $181 million in cash; the JV…

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Posted In: Media & Publishing, TV, Cable & Telecom, Companies, Scripps, Scripps Interactive, cox communications, travel channel

News Corp. Said To Be Frontrunner For Travel Channel

Oct 22, 2009 12:22 PM

News Corp. (NYSE: NWS) is now considered to be the favorite to win the Travel Channel auction, the FT reports, citing sources. Cox put a majority stake in the cable network up for sale in July. Back then—and as recently as last month—Scripps Networks Interactive (NYSE: SNI) was considered the…

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Posted In: Media & Publishing, TV, Cable & Telecom, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, News Corp., Scripps, Scripps Interactive

The Next Big Takeover Catch: Scripps Networks

Oct 12, 2009 3:50 PM

[By Claire Atkinson, Broadcasting&Cable] At a recent investor conference, Scripps Networks Interactive (NYSE: SNI) CEO Ken Lowe addressed a frequently mentioned topic: corporate acquisitions and Scripps. Given Comcast (NSDQ: CMCSA) Corp.’s reported play for NBC Universal (NYSE: GE), the popular speculation is that the Cincinnati-based company could be the next…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Scripps, Scripps Interactive

Scripps Shutting Down Fine Living Network; Rebranded Cooking Channel To Launch Q3 Next Year

Oct 8, 2009 5:37 PM

Since the living isn’t that fine these days, time to do a rethink: Scripps Networks Interactive (NYSE: SNI), the parent of Food Network, among others, is closing down its Knoxville-based Fine Living Network, and morphing and rebranding it into an instructional cooking channel called, what else, Cooking Channel. The new…

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Posted In: Companies, Scripps, Scripps Interactive, cooking channel

Industry Moves
Battelle Changes Mind, Stays CEO; Deanna Brown Exits Scripps To Join FM As President/COO

Sep 29, 2009 4:30 PM

Deanna Brown is leaving her post at Scripps Networks (NYSE: SNI) to join Federated Media as its new President and COO. The hiring completes a search that was began last May when John Battelle, the company’s founder and CEO, said that the company needed a new leader to move the…

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Posted In: Advertising, Industry Moves, Media & Publishing, Online News, Companies, Scripps, Scripps Interactive, Yahoo, deanna brown, federated media

NDTV, E.W. Scripps In Talks For Strategic Partnership In Lifestyle Business

Sep 11, 2009 10:47 AM

Broadcaster NDTV Ltd and U.S.-based E.W. Scripps (NYSE: SSP) Co. are in talks for a strategic partnership in the lifestyle broadcasting business in India, a person familiar with the situation said. If a deal materializes, this will be the first venture in India for Scripps and the second international partner…

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Posted In: Companies, NDTV, Scripps, Scripps Interactive

Earnings
Earnings: Scripps’ Interactive Revs Held Back by Shopzilla, No Buyers Yet For uSwitch

Aug 6, 2009 1:48 PM

Scripps Networks Interactive (NYSE: SNI), the TV and lifestyle media conglom, has reported its Q209 earnings, and its revenues were down slightly, but net income was up comparatively due to a spinoff charge last year. For Q209, it had revenues of $391 million, down 3.7 percent; net income was $79.5…

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Posted In: Money, Earnings, Companies, Scripps, Scripps Interactive, shopzilla, uswitch

Update: Scripps Networks Looking For a Buyer For UK’s uSwitch; Shopzilla Next?

Jun 10, 2009 9:55 AM

Updated below: Scripps Networks Interactive (NYSE: SNI), the TV and online company, is finally putting its UK utility comparison site uSwitch on the block, after repeated rumors about it for the last year or so. It has hired Allen & Co to help in the sale process. With the market…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Scripps, Scripps Interactive, shopzilla, uswitch

Earnings
Earnings: Soft Ad, E-Commerce Market Pushes Scripps Networks’ Profit Down 10 Percent

May 8, 2009 7:20 AM

Scripps Networks Interactive (NYSE: SNI), the do-it-yourself home and lifestyle oriented cable entertainment company, has some fixing up of its own: the weak ad market sent Q1 profits 10 percent lower to $60.1 million ($0.37 per share), as revenues slipped 7 percent to $361 million. In addition to a 4.6…

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Posted In: Advertising, Entertainment, Media & Publishing, TV, Cable & Telecom, Money, Earnings, Companies, Scripps, Scripps Interactive

Earnings
Earnings: Scripps Networks Does a $244 Million Writeoff on Shopzilla

Feb 5, 2009 2:43 PM

Scripps Networks Interactive (NYSE: SNI), the cable TV and online company that was spun off E W Scripps last year, has reported its Q408 earnings today, and the picture was mixed. While its revenues increased and net income narrowed, it did a huge $244 million non-cash charge against earnings for…

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Posted In: Money, Earnings, Companies, Scripps, Scripps Interactive, shopzilla

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