Tag Archives: Disney

Does Disney have its eye on Scripps Networks?

With its stock price rising and earnings soaring, Scripps Networks Interactive Inc. may be a
scripps2_asb_13138.jpgtakeover target, according to online reports.

The Knoxville-based company’s stock price pushed to a new 52-week high on Monday, hitting a peak of $61.17. The company’s stock started the year around $43. That kind of gain coupled with second quarter earnings of $142 million, or 93 cents per share, are reasons takeover talk is bubbling this week.

Citigroup analysts say Disney may have its eye on the lifestyle media company and its audience, according to TheStreet, a digital financial media company.

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