{"id":4020,"date":"2012-02-09T00:00:00","date_gmt":"2012-02-09T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/2012\/02\/09\/double-digit-revenue-growth-for-scripps-in-q4\/"},"modified":"2012-02-09T00:00:00","modified_gmt":"2012-02-09T00:00:00","slug":"double-digit-revenue-growth-for-scripps-in-q4","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/double-digit-revenue-growth-for-scripps-in-q4\/","title":{"rendered":"Double-Digit Revenue Growth for Scripps in Q4"},"content":{"rendered":"

KNOXVILLE: Scripps Networks Interactive saw revenues of $553 million in the fourth quarter, up 10 percent from the prior-year period. <\/span><\/span><\/p>\n

There was also double-digit growth in the period from advertising revenue, which reached $394 million, an 11-percent gain. Affiliate fee revenues were up 5.7 percent year-on-year to $147 million. Segment profit for the company increased 14 percent to $257 million. <\/span><\/span><\/p>\n

Net income rose 3.4 percent to $135 million. <\/span><\/span><\/p>\n

For the fourth quarter, revenues at Food Network were up 15 percent to $2.4 million; HGTV revenues grew 8.1 percent to $191 million; DIY Network was up 18 percent to $26.9 million; and Cooking Channel increased 14 percent to $17.8 million. The two areas of decline were Travel Channel, down 1.4 percent to $67.2 million, and Great American Country, down 15 percent to $6.6 million. The company’s lifestyle media digital businesses, including network branded websites, had revenue of $30.4 million, up 4.1 percent. <\/span><\/span><\/p>\n

“The high level of engagement our focused lifestyle networks have created with media consumers, and the value our television and interactive brands deliver to advertisers as preferred marketing platforms, is reflected in the company’s strong fourth-quarter operating results,” said Kenneth W. Lowe, the chairman, president and CEO of Scripps Networks Interactive. “Our consistent track record of double-digit revenue and segment profit growth continued during the three-month period, and contributed to a very good 2011.” <\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

KNOXVILLE: Scripps Networks Interactive saw revenues of $553 million in the fourth quarter, up 10 percent from the prior-year period. There was also double-digit growth in the period from advertising revenue, which reached $394 million, an 11-percent gain. Affiliate fee revenues were up 5.7 percent year-on-year to $147 million. Segment profit for the company increased …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-4020","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"\nDouble-Digit Revenue Growth for Scripps in Q4<\/title>\n<meta name=\"description\" content=\"Double-Digit Revenue Growth for Scripps in Q4. KNOXVILLE, February 9: Scripps Networks Interactive saw revenues of $553 million in the fourth quarter, up 10 percent from the prior-year period. . 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