Scripps Networks Shares Fall As Deal Talk With Discovery Fizzles

By | Monday January 13, 2014 @ 12:44pm PST

The conversations never became serious. Still, Scripps Networks shares are down 7.2% with heavy volume today afterscripps The Wall Street Journal reported that the company and Discovery Communications have “abandoned” the preliminary discussions. The fall brings Scripps’ … Read More »

Comments (0)

Discovery Isn’t Preparing A Bid For Scripps Networks, Although It’s Intrigued

Talk about a Discovery-Scripps Networks deal appears to be premature. Discovery execs are engaged in what-if conversations about the idea of bidding for the owner of HGTV and discoverycomm1Food Network. But the company hasn’t prepared an offer, and doesn’t have … Read More »

Comments (1)

Scripps Networks President John Lansing To Retire, Successor Set

By | Thursday September 5, 2013 @ 2:05pm PDT

John Lansing has led the Scripps Networks operating division for the past nine years, overseeing Food Network, Travel Channel, HGTV, DIY Network, Cooking Channel, Great American Country and their related businesses. Scripps said today he is retiring from … Read More »

Comments (0)

Scripps Networks Q1 Earnings Nicked By Rising Production Costs

By | Thursday May 2, 2013 @ 4:13am PDT

The company behind HGTV, Food Network and other lifestyle channels has a great topline story to tell for Q1. The bottom line? Not so much. Net income came in at $151.2M, -3.7% vs the period last year, on revenues of $594.4M, +11%. The revenue figure was well above the $582.5M that analysts expected. But earnings attributable to Scripps Networks investors, at 72 cents a share, were 2 cents shy of the consensus forecast. The company says that ad sales and affiliate fees were both up 11% in early 2013, respectively to $395M and $187M. Food Network revenues came in at $208.3M (+4.8%), with HGTV at $206.0M (+10.9%), Travel Channel at $76.4M (+15.1%), DIY Network at $$31.9M (+15.4%), Cooking Channel at $26.3M (+32.7%), and GAC — Great American Country — at $6.4M (+28.2%). But expenses for the quarter, at $347M,  were +17%. Scripps Networks says that the increased outlays were “driven by programming amortization expenses as the company invests to drive viewership” as well as “higher employee costs and investments in planned domestic and international growth initiatives.” The company has been struggling to boost its audiences in the U.S., where the pay TV market has plateaued, and to expand overseas. Read More »

Comments (0)

Scripps Unveils 2013 Plans For Travel Channel, Food Network & HGTV

By | Tuesday April 23, 2013 @ 12:23pm PDT

Travel Channel is embarking on its post-Anthony Bourdain life by adding four new series to its 2013 programming slate, which was unveiled today as part of Scripps Networks Interactive‘s upfront presentation today in NY. The lineup includes a new show from host Adam Richman, Adam Richman’s Fandemonium, which will premiere July 14. The other three greenlighted shows are the wilderness survival series Get Lost, the take-out food series Best Daym Takeout starring YouTube food critic Daymon Patterson, and the antique car restoration show Backroad Gold. Travel Channel also set premiere dates for Season 3 of Hotel Impossible (August 12) and Season 5 of Mysteries At The Museum (August 15).

Food Network is celebrating its 20th anniversary and along with sibling Cooking Channel will add more than 20 new series to its lineup, Scripps said today. HGTV unveiled nine new original series.

Here’s a look at the networks’ new and returning shows: Read More »

Comments (3)

Scripps Networks’ Ken Lowe Made $14.2M In 2012, +46.7%

By | Monday April 8, 2013 @ 7:24am PDT

The company CEO, chairman and president benefited from new contract terms including special retention stock grants recognizing “the critical nature of [his] talent” in a year when Scripps Networks shares appreciated 33.5%. Ken Lowe‘s package included $1.3M salary, $7.4M in stock awards, $1.4M in option awards, $1.7M in non-equity incentives, $2M change in pension value, and $441,155 in other compensation according to the proxy filed at the SEC this morning. The “other” category includes $16,080 for dining, business, and country clubs. Lowe’s package is 3.1 times higher than the median for the four other highest-paid execs. That’s better than last year, when he made 3.5 times the median. But it’s still high enough to worry corporate governance watchdogs who say that a CEO’s pay can be considered out of whack when it’s at least 3 times higher than the average for his or her top colleagues. Read More »

Comments (2)

TV Advertising Is “Surprisingly Weak” Due To Internet And Economy: Analyst

The analysis today from Nomura Equity Research’s Michael Nathanson could dampen the mood at TV networks as we head into the big upfront ad sales season. The most startling discovery: total ad revenues didn’t grow at all in 2012 at the Big Media companies he tracks. Declines at Viacom and News Corp outweighed gains at Discovery and Scripps Networks while  sales were “essentially flat” at CBS, Disney, and Time Warner. “Given the surge in media stocks, the aggregate 0% growth was somewhat surprising,” Nathanson says. Factoring out political and Olympics-related ads in 2012, he sees ad sales at the companies growing 3.6% in 2013. But the analyst is “cautious” about his forecast. The pickup in the U.S. economy has been “weak” and the ongoing budget stalemates portend “an uncertain economic future.” Meanwhile Internet-based media are taking market share, and driving ad rates down. “In effect, online advertising — specifically online display advertising — is enabling advertisers to reach their ‘eye-ball targets’ with less (and sometimes even no) ad dollar budget growth.” For example, last year media and entertainment companies cut their ad spending 4.2% — even as box office sales hit a record high. Read More »

Comments (3)

Scripps Networks Q4 Earnings Hurt By Rising Programming And Marketing Costs

By | Thursday February 7, 2013 @ 4:37am PST

The cable networks company’s year-end results missed analysts’ targets, although revenues increased at all of its major networks. Operating income fell, but with income tax adjustments folded in Scripps Networks generated a net profit of $344.5M, +93.3% vs the last three months of 2011, on revenues of $604.7M, +9.2%. Analysts expected revenues to come in higher at $613.9M. Excluding one-time items, earnings came in at 84 cents a share, below forecasts for 92 cents. The company’s ad sales increased 4.3% to $409.4M while payments from pay TV distributions were up 14.8% to $166.9M. Scripps notes, though, that its Q4 expenses were up 14% to $339M largely due to “higher employee costs and investments in planned domestic and international growth initiatives” as well as programming and marketing expenses “to drive viewership at all of the company’s lifestyle television networks.” Read More »

Comments (2)

Scripps Networks Tops Q3 Forecasts With Help From Growing Affiliate Fees

By | Thursday November 1, 2012 @ 4:21am PDT

The lifestyle oriented cable TV networks company reported across-the-board increases in Q3 revenues for its channels. Net income came in at $156.8M, +20.6% vs the period last year, on revenues of $566.2M, +12.4%. The revenue figure was slightly … Read More »

Comments (0)

Disney Should Acquire Scripps Networks, Analyst Says

By | Tuesday August 14, 2012 @ 8:39am PDT

Scripps Networks shares are retreating slightly this morning from the all-time high they hit yesterday following a report from Citi Research’s Jason Bazinet who said be believes that “Disney may acquire” the Tennessee-based cable channel company. The analyst’s … Read More »

Comments (2)

Scripps Networks Provides Comcast With TV Everywhere Streaming Rights

By | Monday July 16, 2012 @ 12:52pm PDT

PHILADELPHIA, PA and KNOXVILLE, TN – July 16, 2012 – Comcast (NASDAQ: CMCSA, CMCSK) and Scripps Networks Interactive (NYSE: SNI) announced today they have reached a long-term agreement to expand their relationship in bringing Scripps’ popular television networks and their award-winning shows to Comcast’s Xfinity TV customers throughout the U.S. on more devices than ever before. The multi-year arrangement covers distribution via Comcast’s linear and on-demand platforms and makes Scripps’ content available to Xfinity TV customers through online, mobile, and other devices, as well as via Scripps’ sites and services.

Read More »

Comments (0)

HGTV President Moves To International Side

By | Tuesday December 13, 2011 @ 8:52am PST
Nellie Andreeva

After a four-year stint as president of HGTV, Jim Samples is leaving the network but staying with parent company Scripps Networks as President, International. Samples’ post at HGTV won’t be filled. As part of a company-wide management restructuring last year, … Read More »

Comments (0)

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 »

Comments (0)

Scripps Networks Hit In 3Q By High Costs For New Shows And Marketing

Shares are down 2.6% in pre-market trading following the 3Q earnings report from the owner of lifestyle channels including HGTV and the Food Network. The company said it had nearly $130M in net income, down 4.5% vs last year’s … Read More »

Comments (1)

A+E And Scripps Networks Join Group Studying Ways To Revamp TV Ratings

By | Wednesday September 7, 2011 @ 7:49am PDT

Add two more influential cable programmers to the Coalition for Innovative Media Measurement — an initiative by Big Media and advertisers that hopes to update TV ratings system to account for viewing on new platforms including smartphones. The group is supported by heavyweights including AT&T, CBS, Comcast, Discovery, Disney, News Corp, Procter & Gamble, Starcom MediaVest, Time Warner, and Viacom.

NEW YORK, NY – September 7, 2011 – The Coalition for Innovative Media Measurement (CIMM / cimm-us.org), today announced that A+E Networks and Scripps Networks LLC are the newest members of the industry alliance focused on finding the best ways to measure changing media audiences.

“The combination of rapid technology advancements and shifting consumer behavior is quickly changing the media landscape in how we consume media and how we measure that consumption,” said Mike Greco, EVP Research, A+E Networks. “It’s critical that the industry comes together to map our best practice and leverage new insights and innovations. We are extremely excited to be partnering with media companies and advertisers through CIMM to activate new tools and insights into our businesses.”

Read More »

Comments (2)

Travel Channel Taps Andy Singer As Programming & Production Boss

By | Tuesday August 9, 2011 @ 6:26pm PDT

Scripps Networks has appointed Andy Singer, formerly the general manager of the company’s DIY Network, as head of programming and production at Travel Channel. Singer, whose new title is SVP Programming and Production Development, will focus on developing shows, talent … Read More »

Comments (10)

Scripps Networks’ HGTV And Food Network Contribute To Solid 2Q Results

Scripps Networks stayed on course in 2Q, which is a contrast to other cable channel owners that ended the period with mixed messages. The company generated $77.4M in net income, a drop of 27% from the period last year, which was … Read More »

Comments (0)

FCC Tells Cable: Don’t Drop Independent Channels During Contract Fights

The cable industry is livid today over a new FCC order that makes it harder for pay TV distributors to mess around with independently owned channels. Regulators clarified the rules of engagement called for by the 1992 Cable Act to resolve contract disputes that channels have with cable and satellite companies. One provision particularly infuriates cable: The FCC says channels can’t be interrupted during a fight; for example, Cablevision customers lost Food Network and HGTV in early 2010 when Scripps wanted to raise the price for its services. A standstill order would keep existing contract terms in place while the FCC resolves the matter. The agency particularly wants to prevent cable operators from using their near-monopoly power in TV distribution to favor channels that they own — or extort channel owners to sell equity in order to guarantee carriage. Public interest advocates welcome the change. “This will promote diversity in cable TV offerings by insuring that independent cable channels have a shot at getting carriage on large cable systems” says Media Access Project policy director Andrew Jay Schwartzman. But former FCC Chairman Michael Powell — now CEO of the National Cable & Telecommunications Association — says the order shows “little regard for the limits of agency authority or constitutional rights, and a disturbing lack of appreciation of the potential impact of government intervention on consumers or the marketplace.” Read More »

Comments (4)

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 »

Comments (0)
More Deadline | Hollywood »