Saturday, November 3, 2012
Scripps Networks revenues up
Most of the individual Scripps networks improved their fiscal performance: Food Network was up 10%; Cooking Channel up 30%; HGTV up 9%; DIY up 26%; Travel Channel up 10%; and GAC up 15%. The Scripps online digital services also saw revenues grow more than 12%, reaching $27.7 million, though still trailing HGTV and Food Network, whose revenues approached $200 million each.
Meanwhile, rumors of a possible sale of the company to another major media company continue - although Disney as a possible buyer dropped from its (rumored) leading contender position after buying Lucasfilm for $4 billion.
Source - Scripps Cable Nets Record Strong Q3 Results, MediaDailyNews