Tag Archives: lifestyle media

Scripps Networks Interactive bids for United Kingdom broadcaster

Scripps Networks Interactive headquarters

Scripps Networks Interactive headquarters

Knoxville-based Scripps Networks Interactive is among three U.S. cable TV networks looking to buy a United Kingdom broadcaster, according to published reports.
The lifestyle media company is in the running to acquire the U.K’s Channel 5, according to a report by The Financial Times, which cited an unnamed source “familiar with the process.”
Cable networks Viacom and Discovery Channel also submitted bids by the Feb. 27 deadline, as did private equity group Saban Capital, according to the story published Friday by the British business news organization
The amount of the bids is unknown, but Channel 5 is reportedly seeking a price of $1.17 billion, according to Financial Times.
All of the bidders declined to comment, the Financial Times reported.
Scripps officials on Monday could not immediately be reached for comment.
Channel 5, a general entertainment broadcaster, launched in 1997. It was purchased in 2010 by English newspaper and magazine publisher Richard Desmond.
International expansion is a priority for Scripps Networks, which has invested heavily in building its global audience over the last several years. In 2012 it purchased the U.K.-based Travel Channel International Ltd.
Scripps Networks Chairman Ken Lowe said last month in a conference call with analysts that the Travel Channel audience in the United Kingdom increased 57 percent last year and said Scripps is making “steady progress” in expanding its presence in Russia, Poland, the Philippines and other international markets.
Scripps Networks also has in recent months made a number of executive appointments for its international operations. Last month, Kevin Chorlins,was named to the newly created role of senior vice president of international content and brand strategy.
Click here for the Financial Times report.
Click here for more from Variety.

Scripps Networks launches video website ‘ulive’


Scripps Networks Interactive is expanding its reach in the video world.
The Knoxville-based lifestyle media company announced Thursday the launch of ulive, an online video site and distribution platform. The site curates videos from Scripps cable networks — HGTV, DIY Network, Food Network, Cooking Channel, Travel Channel and Great American Country.
In addition, ulive will offer more than 70 original video series featuring Scripps talent, social media stars and bloggers, according to a news release.
“With ulive we have created an online destination where anyone can enjoy entertaining and relevant videos for the way you live,” ulive President Jeff Meyer said in a statement. “It enables viewers to discover, watch and share what they love the most, across food, home, travel, parenting and wellness — and this is only the beginning of the site’s capabilities and content.”
Two of the new original series  launched Thursday — “What Will the Maid Think?” from Bert Kreischer, host of The Travel Channel show Trip Flip and “Bonkers Awesome!” from food blogger Joy the Baker.
Here’s what Zacks Equity Research has to say about ulive.