Scripps Networks Sees Business Stabilizing As Economy Improves: UBS Confab

It’s not a leading economic indicator. But Scripps Networks CEO Kenneth Lowe says that programming on his cable channel HGTV “had to be turned on its head” when the housing bubble burst a few years ago. Viewers suddenly wanted to know how to flip their house, not just how to make it beautiful. But things are changing, he hopes: “As we slowly build the housing market back, it will have a positive effect on HGTV.” So will improvements at the network’s popular show House Hunters, where ratings have softened. “Stabilization is the key word” for that show, Lowe says. That concept is important for all of Scripps’ lifestyle-focused services. When it comes to advertising, “we’re not seeing a lot of things to be concerned about, but we’re watching along with the rest of the industry,” says Lori Hickok, EVP Finance. Lowe’s upbeat, though, because he says Scripps’ channels are “the female equivalent of ESPN. They’re must-have. … The passion and connection that female viewers have for these networks is second to none.” Even among those viewers, Scripps saw a shift last year to sports programming, which Lowe says “was a little unusual.” He attributes that to the growing appeal of live shows. READ MORE »

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Scripps Networks’ Stock Buyback Disappoints Investors Hoping For A Sale

Scripps Networks seemed to dash investor hopes that it might be sold when the owner of HGTV and the Food Network announced today a plan to buy back $1 billion of its stock — including $300 million from its … Read More »

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EXCLUSIVE DEADLINE LIST: Media Moguls With Pay Compensation NOT Out-Of-Whack

EXCLUSIVE: Media Moguls With Out-Of-Whack Pay Compensation

My previous post showed that a lot of media company bigwigs have pay that’s out of whack with the other 4 top executives … Read More »

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