Double-Digit Revenue Growth for Scripps

KNOXVILLE: First-quarter revenues for Scripps Networks Interactive were $536 million, a 14-percent increase, driven by a 12-percent boost in ad revenues.

Advertising revenues in the period were $324 million, while affiliate fees increased by 6.3 percent to $145 million. Net profit for the period increased by 38.7 percent to $100.5 million.

“Our strong advertising growth in the first quarter reflects the popularity of our networks and their tremendous value as marketing platforms for advertisers and distribution partners,” said Kenneth W. Lowe, the chairman, president and CEO for Scripps Networks Interactive. “We’re committed to building on the competitive leadership position we’ve established in the home, food and travel lifestyle content categories and are encouraged by the positive start we’ve had for the year. Trends continue to be positive which portends well for a very good 2011.”

Revenues from the lifestyle media segment rose 11 percent to $474 million, with segment profit up 31 percent to $245 million. Food Network contributed revenues of $174 million, followed by $171 million from HGTV, $62 million from Travel Channel, $23.3 million from DIY Network, $15.3 million from Cooking Channel and $6.5 million from GAC.