Tag Archives: Travel Channel

John Burlingame retiring from Scripps Networks board

Scripps Networks Interactive headquarters

Scripps Networks Interactive headquarters

Scripps Networks Interactive announced that John Burlingame will retire from the Knoxville-based lifestyle media company’s board of directors when his current term expires.
Burlingame’s retirement will mark the end of a lengthy corporate relationship with the Scripps family and the Scripps companies.
A retired partner in the law firm of Baker & Hostetler, Burlingame has been a director of Scripps Networks since 2008 when it was spun-off from The E.W. Scripps Co., the owner of 19 television stations and newspapers in 13 markets, including the Knoxville News Sentinel and the Memphis Commercial Appeal.
Burlingame served as a director of E.W. Scripps for 24 years, retiring from the Cincinnati-based company’s board in 2012.
In addition, he had been a  trustee of the Edward W. Scripps Trust since 1987. The family trust, which had controlled the company since 1922, terminated in October, 2012, and is in the process of winding up.
Scripps Networks portfolio includes the cable and Internet brands Food Network, HGTV, Travel Channel, DIY Network, Cooking Channel, and Great American Country.

Scripps Networks shares hits new 52-week high

Scripps Networks Interactive

Scripps Networks Interactive headerquarters in Knoxville.

UPDATE: SNI ends Monday trading at $66.89, a new closing high.

Shares of Scripps Networks Interactive hit a new 52 -week high
on Monday, trading at $67.19 by mid afternoon.

It’s previous high was $66.41.

Also Monday, RBC Capital Markets raised its price target for
the Knoxville-based lifestyle media company to $68, up from $66.

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Analyst lowers Scripps Networks rating

Scripps Networks Interactive shares are down about 2 percent today after Goldman Sachs lowered its rating of the lifestyle media company to neutral from buy.

Goldman cites weak Food Network ratings for the downgrade.

SNI shares were at $56.50 in early afternoon trading.

The company has traded as high as $66.33 in the last 52 weeks.

In addition to Food Netword, the Knoxville-based company’s brands include HGTV, Travel Channel, DIY Network, Cooking Channel and country music network Great American Country.

 

 

 

Sccripps Networks Interactive stock hits new high

Scripps Networks Interactive stock appears ready to end the trading week with a new 52-scripps2_asb_13138.jpgweek high.

The Knoxville based lifestyle media company has been its share price move steadily higher in recent weeks and is trading over $62 today.

The company’s share price started the year around $43.

Scripps Networks portfolio of cable television networks and related websites includes HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and country music network Great American Country.

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Scripps Networks beefs up Travel Channel leadership

Scripps Networks Interactive Inc. is hoping the good vibes at HGTV and DIY Network will rub off on Travel Channel, the newest addition to its lifestyle media portfolio.

Knoxville-based Scripps Networks announced Wednesday the appointment of two new leaders to oversee strategy and content development at Travel Channel.

Andy Singer was promoted to general manager and Ross Babbit was named senior vice president of programming production. Both executives spent several years in top posts at HGTV and DIY Network, two of Scripps Networks most successful properties.

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Scripps Networks keeps making money

Scripps Networks Interactive continues to prove it is one of Knoxville’s best business success
scripps2_asb_13138.jpgstories of recent years.

The Knoxville-based lifestyle media company today reported a first quarter profit of $101 million, or 59 cents per share, up 39 percent from $72.5 million, or 43 cents per share, in the first quarter last year.

Revenues for the quarter eneded March 31 rose 14 percent to $536 million, driven by increased advertising and affiliate fees.

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Scripps Networks looks at UK expansion

Lifestyle media company Scripps Networks Interactive Inc. apparently is considering another international expansion.

Published reports in the United Kingdom indicate Scripps Networks, which announced recently it will move its corporate headquarters to Knoxville, is one of two U.S. companies interested in buying Virgin Media’s stake in UKTV, a pay-TV business.

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Scripps Networks profit jumps on increased ad sales

The economy may still be limping along, but Scripps Networks Interactive posted strong second quarter results today.

scripps2_asb_13138.jpgBoosted by improved advertising and affiliate fee revenue, Scripps Networks saw its 2Q profit soar 33 percent to $106.2 million, or 57 cents per share, the lifestyle media company announced on Monday.

Revenue for the quarter ended June 30 rose 32 percent to $516.04 million.

Scripps Networks corporate headquarters are in Cincinnati and its production headquarters are in Knoxville.
 

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