With its stock price rising and earnings soaring, Scripps Networks Interactive Inc. may be a takeover 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.
That sound you heard a few days ago were jaws dropping in newsrooms all over Knoxville when a certain political TV ad began airing.
For years the Pilot PR machine has bashed anyone in the local media who was foolish enough to describe the business founded by James A Haslam II, the company’s powerful and politically connected chairman, as a truck stop operator.
The hammer has come down hard on those who dared utter “Pilot” and “truck stop” in the same sentence. It’s travel centers. Repeat: travel centers. Don’t make that mistake again.
Which makes one wonder how the TV spot ever saw the light of day.