Tag Archives: Walt Disney Co.

Report: Discovery looking to buy Scripps Networks Interactive

Scripps Networks Interactive headquarters

Scripps Networks Interactive headquarters

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.

Scripps Networks takeover speculation heats up

Speculation about the future of Scripps Networks Interactive is heating up. Bloomberg has a
scripps2_asb_13138.jpglengthy story today about the likelihood that the Knoxville-based lifestyle media company will be snatched up by a larger media operation.

Walt Disney Co. and Time Warner Inc. are listed as possible suitors.

“Walt Disney Co. (DIS), owner of sports network ESPN, should be drawn to Scripps Networks as a way to add more female-friendly content, said Citigroup Inc. and Macquarie Group Ltd., which also sees Time Warner (TWX) Inc. as a potential acquirer,” Bloomberg reports.

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Corporate America’s big mistake — runaway CEO pay

A new study shows that CEO compensation at top companies in America is soaring — a stark contrast with the stagnant salaries of many rank and file employees across the country.PAULSON+MONEY.jpg

And very interesting in light of the huge profits that Big Business raked in last year.

The median salary for the top executives at the companies surveyed rose 12 percent in 2010 to $9.6 million, according to the study commissioned by the New York Times.

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