Scripps Networks Growth Profile Underappreciated
By Jeremy Johnson:Scripps Networks Interactive (SNI) operates lifestyle-oriented cable television channels with distribution primarily in the U.S.Scripps's two main revenue generators are the Food Network and HGTV, each representing about 36% of revenue. Food Network is 69% owned by Scripps with the remainder owned by the Tribune Company. Food Network's programming is centered around food preparation, and restaurant experience and review while HGTV is focused on home remodeling, decorating and other related topics. Another important asset, generating 13% of total revenue, is the Travel Channel, owned 65% by Scripps and 35% by Cox Communications.Remaining revenue is split between a number of tertiary assets, including DIY Network, Cooking Channel, Great American Country (GAC) and Digital. Revenues in the last category are attributable to a number of websites, some based on television brands such as FoodNetwork.com, Food.com and CookingChannelTV.com.For the company as a whole, about 70% of revenue is generated fromComplete Story »
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