Companies that know how to make money often attract interest from potential buyers. It’s happening again for Scripps Networks Interactive.
The purchase of the Knoxville-based lifestyle media company was discussed today at a meeting of the Discovery Communications board, according to a report on the Variety website.
Scripps Networks has been the subject of purchase gossip for some time.
Walt Disney, Time Warner and CBS have previously been mentioned as possible suitors.
“SNI’s holdings would be a natural fit with Discovery’s suite of lifestyle-driven cablers, which include the mothership channel, TLC, Animal Planet and OWN.
“Knoxville, Tenn.-based SNI has been seen as a prime acquisition target for some time. The company has valuable brands, particularly in Food Network and HGTV, but is small enough to be easily integrated into a larger conglom with cable programming assets. SNI has a market cap of about $11 billion, with the stock closing Tuesday at $75.26, up 52 cents,” Variety reports.
Click here for the Variety story.
Job creation in metropolitan Knoxville will proceed at a cautious pace in the first quarter of 2014, according to the Manpower hiring survey released today.
Thirteen percent of Knoxville area employers surveyed said they plan to add jobs in the January through March period, while 9 percent expect to cut staff for a Net Employment Outlook of 4 percent.
Seventy-four percent of Knoxville employers said they would maintain current staffing levels.
Statewide, the outlook is a bit more optimistic as 16 percent of the employers surveyed said they would increase staffing and 7 percent said they would reduce staffing, Manpower reported.
Employment sectors offering the best job prospects in the Knoxville area in early 2014 are durable goods manufacturing , wholesale and retail trade, education and health services, leisure and hospitality and government, according to the survey
Area employers in the transportation and utilities; and professional and business services sectors plan to cut jobs in the first quarter, Manpower reported.
More than 18,000 employers across the country are surveyed for the quarterly Manpower Employment Outlook survey.
Click here for the full Manpower Employment Outlook Survey.
With the economy slowly improving, is your boss feeling generous this holiday season?
Not quite half — 45 percent — of U.S. employers plan to give employees holiday bonuses, according to a CareerBuilder survey released today.
That’s virtually unchanged from 46 percent a year ago.
Cash isn’t the only holiday perk. Fifty-nine percent of the companies surveyed said they would hold holiday parties this year, while 35 percent plan to give employees gifts, according to the survey.
Harris Interactive surveyed 3,484 workers and 2,099 hiring managers and human resource professionals representing a variety of industries and size of companies.
Bosses aren’t the only ones giving holiday gifts. Twenty-two percent of workers plan to give gifts to co-workers and 21 percent will give their boss a present.
Surveyors also asked workers to list some of the “most unusual” gifts they’ve received from a co-worker.
On the list:
50 pounds of fresh Louisiana shrimp
A picture of the boss’s family
A plaster cast of a co-worker’s hand
A half-eaten box of candy
Click here for the complete survey results.
America’s CEOs are slightly more optimistic about the economy over the next six moths, according to a Business Roundtable survey released today.
The chief executives of leading companies expect increased sales and capital expenditures as well as more job creation compared to the third quarter.
The Business Roundtable CEO Economic Outlook Index increased to 84.5 from 79.1, with expectations for 2014 GDP growth at 2.2 percent, in line with the previous two quarters.
“CEO expectations for economic expansion in the next six months increased slightly from last quarter, with expectations for sales, capital investment and hiring all tracking somewhat higher,” Jim McNerney, chairman of Business Roundtable, and chairman, president and CEO of The Boeing Co. said in a news release.
“In aggregate, our expectations are consistent with an economy that will continue along the path of steady, modest recovery into the first half of 2014. These soundings are also consistent with an overall economy that, despite progress, is not yet performing at its full potential.”
Seventy-three percent of the executives surveyed said they expect their company’s sales to increase in the next six months, while only 8 percent foresee a sales decrease.
Thirty-nine percent said they will increase capital spending and 34 percent plan to increase hiring.
Click here for complete results of the Roundtable survey.