News for Scripps Networks Interactive
Nov 6 · 5:47:00 PM · Source: Company News
Scripps Networks, which was spun off from E.W. Scripps Co. in 2008, said Friday it posted a third quarter profit of $65.3 million, or 39 cents a share, up from $57.3 million, or 35 cents a share, a year earlier. The prior year included a 3-cent tax charge. Revenue was up a slight 0.1% to $364.5 million.
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by Larry Etter
Nov 5 · 10:47:00 AM · Source: Company News
Scripps Networks Interactive Inc. has agreed to buy a controlling stake in the Travel Channel from Cox Communications Inc. Scripps Networks will pay $181 million to get 65 percent of the channel through a joint venture with Cox, which will keep the remaining stake, the companies said today in a statement. Cox will contribute the channel, valued at $975 million, and their venture will take on $878 million in debt.
Scripps bid trumps a bid by News Corp. for the cable- television network.
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by Larry Etter
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