Scripps profit rises 6.7%

Advertising, affiliate fees propel earnings

Scripps Networks Interactive, parent of Food Network, HGTV and Travel Channel, saw profit rise 6.7% to $142 million on a jump in advertising and affiliate fees.

Total revenue rose 13% to $601 million. Ad revenue grew 14% to $417 million; affiliate revenue was up 16% to $171 million.

Food Network revenue rose 17% to $218 million; HGTV was up 8.4% to $205 million; Travel Channel grew 4.9% to $74 million. Among the newer nets, DIY jumped 16% to $34 million; Cooking Channel surged 41% to $22 million; and Great American Country fell 15% to $5 million.

Revenue from the company’s digital businesses, which include its network-branded websites, rose 3.4% to $28 million.

“Scripps Networks Interactive has created a clear, competitive advantage on multiple video screens and other platforms by uniquely defining and staying true to the lifestyle content categories that we own,” said CEO Kenneth Lowe. “The company’s strong second quarter financial performance is a direct result of our successful strategy to differentiate our networks by focusing on avid consumer interest in their homes, food and travel.”

Scripps said expenses were up 22% to $316 million on higher programming and marketing costs to drive viewers.

More TV

  • Late-Night TV's Growing Problem: Maybe There's

    Late-Night TV Has a Growing Problem: Maybe There's Too Much of It

    Scripps Networks Interactive, parent of Food Network, HGTV and Travel Channel, saw profit rise 6.7% to $142 million on a jump in advertising and affiliate fees. Total revenue rose 13% to $601 million. Ad revenue grew 14% to $417 million; affiliate revenue was up 16% to $171 million. Food Network revenue rose 17% to $218 […]

  • David Harbour'Stranger Things' event, Los Angeles,

    'Stranger Things' Season 3 Is Inspired by 1985's 'Fletch' (EXCLUSIVE)

    Scripps Networks Interactive, parent of Food Network, HGTV and Travel Channel, saw profit rise 6.7% to $142 million on a jump in advertising and affiliate fees. Total revenue rose 13% to $601 million. Ad revenue grew 14% to $417 million; affiliate revenue was up 16% to $171 million. Food Network revenue rose 17% to $218 […]

  • Disney Channel logo

    TV News Roundup: Disney Channel Announces 'Coop & Cami' Premiere Date

    Scripps Networks Interactive, parent of Food Network, HGTV and Travel Channel, saw profit rise 6.7% to $142 million on a jump in advertising and affiliate fees. Total revenue rose 13% to $601 million. Ad revenue grew 14% to $417 million; affiliate revenue was up 16% to $171 million. Food Network revenue rose 17% to $218 […]

  • Star Wars Resistance Trailer

    'Star Wars Resistance': Disney Drops Trailer for 'The Force Awakens' Prequel Series

    Scripps Networks Interactive, parent of Food Network, HGTV and Travel Channel, saw profit rise 6.7% to $142 million on a jump in advertising and affiliate fees. Total revenue rose 13% to $601 million. Ad revenue grew 14% to $417 million; affiliate revenue was up 16% to $171 million. Food Network revenue rose 17% to $218 […]

  • Michelle Wolf Joel McHale

    Michelle Wolf, Joel McHale Talk Shows Canceled by Netflix

    Scripps Networks Interactive, parent of Food Network, HGTV and Travel Channel, saw profit rise 6.7% to $142 million on a jump in advertising and affiliate fees. Total revenue rose 13% to $601 million. Ad revenue grew 14% to $417 million; affiliate revenue was up 16% to $171 million. Food Network revenue rose 17% to $218 […]

  • Jeremy Corbyn Brexit

    British Opposition Leader Jeremy Corbyn to Deliver Edinburgh TV Festival Lecture

    Scripps Networks Interactive, parent of Food Network, HGTV and Travel Channel, saw profit rise 6.7% to $142 million on a jump in advertising and affiliate fees. Total revenue rose 13% to $601 million. Ad revenue grew 14% to $417 million; affiliate revenue was up 16% to $171 million. Food Network revenue rose 17% to $218 […]

  • The Affair

    The Debate Over 'The Affair' Star Ruth Wilson's Awkward Exit (Column)

    Scripps Networks Interactive, parent of Food Network, HGTV and Travel Channel, saw profit rise 6.7% to $142 million on a jump in advertising and affiliate fees. Total revenue rose 13% to $601 million. Ad revenue grew 14% to $417 million; affiliate revenue was up 16% to $171 million. Food Network revenue rose 17% to $218 […]

More From Our Brands

Access exclusive content