Financial Release

Printer Friendly Version View printer-friendly version
<< Back
Scripps Networks Interactive reports first quarter 2017 operating results

First Quarter 2017 Financial Highlights:

  • Consolidated operating revenues of $855.1 million, an increase of 4.7%;
  • Consolidated income from operations before income taxes of $351.0 million; and
  • Consolidated adjusted segment profit(1) of $368.7 million.

KNOXVILLE, Tenn., May 04, 2017 (GLOBE NEWSWIRE) -- Scripps Networks Interactive, Inc. (Nasdaq:SNI) today reported first quarter 2017 operating results.

Consolidated operating revenues increased 4.7% to $855.1 million in the first quarter of 2017. Driving the growth was a 4.3% increase in advertising revenues demonstrating our networks’ effectiveness as advertising platforms; and a 4.5% increase in distribution revenues validating our networks as must haves for our distribution partners. Consolidated income from operations before income taxes was $351.0 million, compared with $499.0 million in the prior year period, which included a gain of $208.2 million from the sale of the company’s investment in a regional sports network. Consolidated adjusted segment profit(1) was $368.7 million compared to $346.8 million in the prior year quarter, an increase of 6.3%.

For the first quarter of 2017, HGTV delivered its second highest rated quarter in network history, with only the first quarter of 2016 having ever seen higher ratings. Food Network’s ratings were even year-over-year among adults 25-54. Travel Channel improved its adult 25-54 sales prime rating by 9%, marking the network’s highest rated quarter since 2014. Cooking Channel delivered its tenth straight quarter of ratings that grew or matched year-ago delivery while both DIY Network and Great American country grew their ratings for all key demographics.

The company’s digital operations continue to grow. Scripps Lifestyle Studios has ramped up its operations, delivering nearly 2.9 billion total video views across various digital platforms, up nearly 450% from the prior year quarter. Additionally, Scripps Lifestyle Studios created more than 1,000 content videos in the first quarter of 2017.

TVN, Poland’s leading multi-platform media business, continued to see growth across the entire portfolio and grew its ratings nearly 6% with its key audience during the first quarter. HGTV in Poland, which launched in January, continues to deliver strong ratings and remains one of the most popular lifestyle networks in the country. HGTV is the number two lifestyle network in the country among women 16 to 49, second only to our own TVN Style.

“The momentum we saw in 2016 has continued into 2017. Underpinning our success is our unwavering focus on lifestyle content that creates a unique viewing environment and inspires the lives of our viewers and fans each day,” said Kenneth W. Lowe, Chairman, President and Chief Executive Officer. “Over the last several months, we finalized long-term agreements with some of our distribution partners, continuing with yesterday’s announcement regarding Hulu’s new virtual product offering. As we broaden our reach globally, and on new platforms and digital channels, the enduring relationships that we have built with viewers is paying off in the form of consistent, long-term value creation for advertisers, distributors and shareholders.”

First Quarter 2017 Consolidated Results
As previously noted, consolidated operating revenues for the first quarter of 2017 were $855.1 million, an increase of 4.7% over the prior year period. Advertising revenues were $596.7 million, an increase of 4.3%, and distribution revenues were $238.4 million, an increase of 4.5%, over the prior year period.

First quarter 2017 consolidated income from operations before income taxes was $351.0 million, compared with $499.0 million in the prior year period. As previously mentioned, the prior year quarter includes the sale of the company’s investment in a regional sports network. Consolidated adjusted segment profit(1) was $368.7 million, an increase of 6.3%, compared with $346.8 million in the prior year quarter. The improvement was primarily due to the growth in operating revenues coupled with the timing of certain expenditures compared with the prior year period.

Consolidated net income attributable to Scripps Networks Interactive in the first quarter of 2017 was $199.9 million, or $1.53 per diluted share, compared with $290.9 million, or $2.24 per diluted share, for the prior year period. As previously mentioned, the prior year results reflect the sale of an investment in a regional sports network. First quarter consolidated adjusted net income(1) was $199.9 million, or $1.53 per diluted share compared with $167.0 million, or $1.29 per diluted share, for the prior year period. The increase was primarily driven by the growth in operating income coupled with decreases in depreciation and amortization expense, interest expense and an increase in foreign currency transaction gains compared with the prior year quarter.

First Quarter 2017 Segment Results  
Consolidated Segment Profit and Consolidated Adjusted Segment Profit - Q1 2017 and 2016  
  U.S. Networks   International Networks   Corporate and Other   Consolidated  
  Three months ended   Three months ended   Three months ended   Three months ended  
  March 31,   March 31,   March 31,   March 31,  
(in thousands)   2017     2016     2017     2016     2017     2016     2017     2016  
Income (loss) from operations before income taxes   $ 369,763     $ 554,680     $ 33,615     $ 28,044     $ (52,424 )   $ (83,731 )   $ 350,955     $ 498,993  
Interest (expense) income, net   (120 )   (17 )   147     (6,867 )   (24,280 )   (26,861 )   (24,252 )   (33,745 )
Equity in earnings of affiliates   5,243     7,732     15,206     17,946     -     -     20,449     25,678  
(Loss) gain on derivatives   -     -     -     -     (2,336 )   2,766     (2,336 )   2,766  
Gain on sale of investments   -     208,197     -     -     -     -     -     208,197  
Miscellaneous, net   2,483     3,487     19,903     31,058     5,154     (28,479 )   27,540     6,066  
Operating income (loss)   362,157     335,281     (1,641 )   (14,093 )   (30,962 )   (31,157 )   329,554     290,031  
Depreciation   11,499     14,195     2,872     2,841     589     261     14,960     17,297  
Amortization   9,918     10,021     14,279     21,041     -     -     24,197     31,062  
Consolidated segment profit (loss) (1)   383,574     359,497     15,510     9,789     (30,373 )   (30,896 )   368,711     338,390  
TVN transaction and integration expenses   -     -     -     (13 )   -     1,368     -     1,355  
Restructuring costs   -     (29 )   -     -     -     (281 )   -     (310 )
Reorganization costs   -     3,806     -     -     -     3,519     -     7,325  
Consolidated adjusted segment profit (loss) (1) $ 383,574   $ 363,274   $ 15,510   $ 9,776   $ (30,373 ) $ (26,290 ) $ 368,711   $ 346,760  

U.S. Networks’ operating revenues for the first quarter of 2017 were $736.9 million, an increase of 4.9% compared with the prior year quarter. Advertising revenues were $512.1 million, an increase of 5.1%. This improvement reflects the continued strength in pricing in the U.S. advertising market for our lifestyle brands partially offset by a decline in impressions delivered along with advertising inventory mix shifts in the quarter. U.S. Networks’ distribution revenues increased by 4.5% to $211.1 million. This increase was driven by negotiated annual rate increases and revenues generated from new over-the-top distribution platforms, partially offset by subscriber declines compared to the prior year quarter.

U.S. Networks’ income from operations before income taxes for the first quarter of 2017 was $369.8 million compared with $554.7 million in the prior year quarter. The decrease was driven by the sale of a regional sports network in the first quarter of 2016. U.S. Networks’ adjusted segment profit(1) was $383.6 million, an increase of 5.6%, compared to $363.3 million in the prior year quarter, primarily driven by the growth in operating revenues, partially offset by a moderate increase in expenses.

International Networks’ operating revenues for the first quarter of 2017 were $125.5 million, an increase of 3.5% compared with the prior year quarter. Revenues at TVN increased 4.1% in local currency for the quarter. International Networks’ income from operations before income taxes was $33.6 million compared with $28.0 million in the prior year quarter. Adjusted segment profit(1) for International Networks was $15.5 million compared to $9.8 million in the first quarter of 2016, reflecting the increase in operating revenues, coupled with a decrease in expenses.

(1) This earnings release includes several metrics, including consolidated segment profit (loss), consolidated adjusted segment profit (loss), adjusted net income (loss), adjusted net income (loss) per diluted share and free cash flow that are not calculated in accordance with Generally Accepted Accounting Principles in the United States of America ("GAAP"). See the Non-GAAP Financial Measures section of this press release for discussion of consolidated segment profit (loss), consolidated adjusted segment profit (loss), adjusted net income (loss), adjusted net income (loss) per diluted share and free cash flow and a reconciliation to their respective most comparable financial measure calculated in accordance with GAAP.

Guidance
All guidance is based on current management expectations for consolidated company performance. Based on results seen to date, the company is reiterating all of its previously issued guidance.

Conference Call Information
The senior management team of Scripps Networks Interactive will discuss the company’s first quarter 2017 operating results during a telephone conference call at 10 a.m. ET today. Scripps Networks Interactive will offer a live webcast of the conference call. To access the webcast, visit www.scrippsnetworksinteractive.com and select the Investors page. The webcast link can be found in the “Upcoming Events” section on the Investor Relations landing page.

To access the conference call by telephone, dial 800-230-1074 (U.S.), or 612-234-9960 (international) approximately ten minutes before the start of the call. Callers will need the name of the call, "Scripps Networks Interactive First Quarter Earnings," and must provide their name and company affiliation. The media and public may access the conference call on a listen-only basis.

An audio replay will be available from 12 p.m. ET on May 4 until 11:59 p.m. ET on May 18. To access the replay, dial 800-475-6701 (U.S.), or 320-365-3844 (international). The access code for both numbers is 420966.

A replay of the conference call will also be available online. To access the audio replay online, visit www.scrippsnetworksinteractive.com approximately four hours after the call, choose the Investors page, then follow the Audio Archives link at the top of the Investor Relations page.

Forward-Looking Statements
This press release contains certain forward-looking statements related to the company’s businesses that are based on management’s current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from the expectations expressed in forward-looking statements, including changes in advertising demand and other economic conditions as well as other reasons described in our Securities and Exchange Commission filings, including those set forth in the Risk Factors section and under the caption entitled “Forward-Looking Statements” in the Management’s Discussion and Analysis of Financial Condition and Results of Operations section of our most recently filed Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. The company undertakes no obligation to publicly update any forward-looking statements to reflect events or circumstances after the date the statement is made.

About Scripps Networks Interactive
Scripps Networks Interactive, Inc. (Nasdaq:SNI) is one of the leading developers of engaging lifestyle content in the home, food and travel categories for television, the Internet and emerging platforms. The company's lifestyle media portfolio includes leading TV and entertainment brands HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country. Its digital division Scripps Lifestyle Studios creates compelling content for online, social and mobile platforms. International operations include TVN, Poland’s premier multi-platform media company; UKTV, an independent commercial joint venture with BBC Worldwide; Asian Food Channel, the first pan-regional TV food network in Asia; and lifestyle channel Fine Living Network. The company’s global networks and websites reach millions of consumers across North and South America, Asia-Pacific, Europe, the Middle East and Africa. Scripps Networks Interactive is headquartered in Knoxville, Tenn. For more information, please visit http://www.scrippsnetworksinteractive.com.

SCRIPPS NETWORKS INTERACTIVE, INC.                  
CONSOLIDATED STATEMENTS OF OPERATIONS  
(in thousands, except per share data)    
  Three months ended March 31,  
    2017     2016   % Change
Fav / (Unfav)
 
Operating revenues:                      
Advertising $ 596,715   $ 571,855     4.3 %
Distribution   238,380     228,068     4.5 %
Other   20,025     16,955     18.1 %
Total operating revenues   855,120     816,878     4.7 %
Operating expenses:                  
Cost of services, excluding depreciation and amortization   279,039     279,667     0.2 %
Selling, general and administrative   207,370     198,821     (4.3 )%
Depreciation   14,960     17,297     13.5 %
Amortization   24,197     31,062     22.1 %
Total operating expenses   525,566     526,847     0.2 %
Operating income   329,554     290,031     13.6 %
Interest expense, net   (24,252 )   (33,745 )   28.1 %
Equity in earnings of affiliates   20,449     25,678     (20.4 )%
(Loss) gain on derivatives   (2,336 )   2,766     (184.5 )%
Gain on sale of investments   -     208,197   NM  
Miscellaneous, net   27,540     6,066     354.0 %
Income from operations before income taxes   350,955     498,993     (29.7 )%
Provision for income taxes   101,140     159,047     36.4 %
Net income   249,815     339,946     (26.5 )%
Less: net income attributable to non-controlling interests   (49,915 )   (49,049 )   (1.8 )%
Net income attributable to SNI $ 199,900   $ 290,897     (31.3 )%
                   
Net income attributable to SNI Class A Common and Common Voting shareholders per share of common stock:                    
Basic $ 1.54   $ 2.25     (31.6 )%
Diluted $ 1.53   $ 2.24     (31.8 )%
Weighted average shares outstanding:                  
Basic   129,921     129,295        
Diluted   130,743     129,790        


SCRIPPS NETWORKS INTERACTIVE, INC.                
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)  
(in thousands, except share and par value amounts)                
     
    March 31,     December 31,  
    2017     2016  
ASSETS                
Current assets:                
Cash and cash equivalents   $ 107,673     $ 122,937  
Accounts receivable, net of allowances: 2017 - $27,828; 2016 - $26,118     784,514       808,133  
Programs and program licenses, net     617,982       591,378  
Prepaid expenses and other current assets     65,677       135,651  
Total current assets     1,575,846       1,658,099  
Programs and program licenses, net (less current portion)     499,147       500,022  
Investments     734,482       699,481  
Property and equipment, net of accumulated depreciation: 2017 - $348,627; 2016 - $354,435     302,042       286,399  
Goodwill, net     1,666,131       1,642,169  
Intangible assets, net     1,101,450       1,092,682  
Deferred income taxes     176,446       175,291  
Other non-current assets     147,048       146,151  
Total Assets   $ 6,202,592     $ 6,200,294  
LIABILITIES AND EQUITY                
Current liabilities:                
Accounts payable   $ 30,316     $ 42,223  
Accrued liabilities     191,518       152,480  
Employee compensation and benefits     52,708       123,506  
Program rights payable     67,011       70,403  
Deferred revenue     68,731       77,987  
Current portion of debt     249,967       249,932  
Total current liabilities     660,251       716,531  
Debt (less current portion)     2,803,592       2,952,454  
Other non-current liabilities     313,587       302,881  
Total liabilities     3,777,430       3,971,866  
Shareholders' equity:                
Scripps Networks Interactive ("SNI") shareholders’ equity:                
Preferred stock, $0.01 par - authorized: 25,000,000 shares; none outstanding            
Common stock, $0.01 par:                
Class A Common Shares - authorized: 240,000,000 shares; issued and outstanding: 2017 - 95,905,309 shares; 2016 - 95,491,477 shares     959       954  
Common Voting Shares - authorized: 60,000,000 shares; issued and outstanding: 2017 - 33,850,481 shares; 2016 - 33,850,481 shares     339       339  
Total common stock     1,298       1,293  
Additional paid-in capital     1,417,404       1,390,411  
Retained earnings     1,035,764       871,766  
Accumulated other comprehensive loss     (296,371 )     (363,701 )
SNI shareholders’ equity     2,158,095       1,899,769  
Non-controlling interest  (Note 13)     267,067       328,659  
Total equity     2,425,162       2,228,428  
Total Liabilities and Equity   $ 6,202,592     $ 6,200,294  


SCRIPPS NETWORKS INTERACTIVE, INC.                
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)        
(in thousands)   Three months ended March 31,  
    2017       2016  
Operating Activities:                
Net income   $ 249,815     $ 339,946  
Adjustments to reconcile net income to cash provided by operating activities:                  
Depreciation     14,960       17,297  
Amortization     24,197       31,062  
Program amortization     216,577       218,941  
Program payments     (243,294 )     (245,754 )
Equity in earnings of affiliates     (20,449 )     (25,678 )
Share-based compensation     20,113       17,709  
Loss (gain) on derivatives     2,336       (2,766 )
Gain on sale of investments     -       (208,197 )
Dividends received from equity investments     6,873       12,222  
Deferred income taxes     (4,348 )     (17,197 )
Changes in working capital accounts:                
Accounts receivable, net     28,580       55,447  
Other assets     9,361       (8,078 )
Accounts payable     (13,873 )     12,496  
Deferred revenue     (9,183 )     (9,563 )
Accrued / refundable income taxes     98,487       171,938  
Other liabilities     (59,204 )     (45,312 )
Other, net     (19,685 )     8,154  
Cash provided by operating activities     301,263       322,667  
Investing Activities:                
Additions to property and equipment     (24,827 )     (11,345 )
Collections of note receivable     1,558       1,179  
Purchases of investments     (260 )      
Sale of investments           225,000  
Settlement of derivatives     (2,336 )     3,592  
Other, net     214       1,217  
Cash (used in) provided by investing activities     (25,651 )     219,643  
Financing Activities:                
Proceeds from debt     110,000        
Repayments of debt     (260,000 )     (325,000 )
Purchases of non-controlling interests           (99,000 )
Dividends paid to non-controlling interests     (111,509 )     (89,346 )
Dividends paid     (39,096 )     (32,288 )
Proceeds from stock options     12,385       4,905  
Other, net     (5,226 )     (15,356 )
Cash used in financing activities     (293,446 )     (556,085 )
Effect of exchange rate changes on cash and cash equivalents     2,570       7,129  
Decrease in cash and cash equivalents     (15,264 )     (6,646 )
Cash and cash equivalents - beginning of period     122,937       223,444  
Cash and cash equivalents - end of period   $ 107,673     $ 216,798  
Supplemental Cash Flow Disclosures:                
Interest paid, excluding amounts capitalized   $ 3,530     $ 2,387  
Income taxes paid   $ 8,599     $ 10,549  

Non-GAAP Financial Measures

In addition to results prepared in accordance with GAAP provided in this press release, the company has also presented consolidated segment profit (loss), consolidated adjusted segment profit (loss), adjusted net income (loss), adjusted net income (loss) per diluted share and free cash flow.

The company evaluates the operating performance of its businesses and uses a financial measure referred to as segment profit (loss).

Consolidated segment profit (loss) is the aggregate of the segment profit for each of our two reportable segments. Segment profit (loss) is defined as income (loss) from operations before income taxes, excluding depreciation, amortization, goodwill write-downs, interest expense, equity in earnings of affiliates, gain (loss) on derivatives, gain (loss) on sale of investments, other miscellaneous non-operating expenses and income taxes, which are included in net income (loss) determined in accordance with GAAP.

The company uses segment profit (loss) to assess the operating results and performance of its businesses and makes decisions about the allocation of resources to businesses using this financial measure. The company believes segment profit (loss) is relevant to investors because it allows them to analyze and evaluate the operating performance of its segments consistent with management. Depreciation and amortization charges are a result of decisions made in prior periods regarding the allocation of resources and are, therefore, excluded from segment profit (loss). Also excluded from segment profit (loss) are financing, tax structuring and acquisition and divestiture decisions, which are generally made by corporate executives. Excluding these items from the performance measure of our businesses enables management to evaluate operating performance based on current economic conditions and decisions made by the managers of the businesses in the current period.

The company defines consolidated adjusted segment profit (loss) and adjusted net income (loss) as segment profit (loss) and net income (loss), respectively, excluding the impact of items not routine in nature and defines adjusted net income (loss) per diluted share as net income (loss) per diluted share excluding the impact of items not routine in nature. The company believes consolidated adjusted segment profit (loss), adjusted net income (loss) and adjusted net income (loss) per diluted share are relevant to investors because it allows them to analyze the performance of segments excluding the impact of items not routine in nature or core to regular business operations.

The company defines free cash flow as cash provided by operating activities less dividends paid to non-controlling interests and additions to property and equipment. The company measures free cash flow as believes it is an important indicator for management and investors as to its liquidity, including the ability to reduce debt, make strategic investments and return capital to shareholders.

Consolidated segment profit (loss), consolidated adjusted segment profit (loss), adjusted net income (loss), adjusted net income (loss) per diluted share and free cash flow are non-GAAP measures and should be considered in addition to, but not as a substitute for, income (loss) from operations before income taxes, net income (loss), net income (loss) per diluted share, cash flow from operating activities and other measures of financial performance reported in accordance with GAAP. Since consolidated segment profit (loss), consolidated adjusted segment profit (loss), adjusted net income (loss), adjusted net income (loss) per diluted share and free cash flow are not measures of financial performance calculated in accordance with GAAP, these non-GAAP measures may not be comparable to similar measures with similar titles used by other companies. Supplemental schedules providing a reconciliation of the non-GAAP measure to its respective most comparable financial measure in accordance with GAAP are included within this press release on the following pages.

Consolidated Segment Profit and Consolidated Adjusted Segment Profit - Q1 2017 and 2016  
  U.S. Networks   International Networks   Corporate and Other   Consolidated  
  Three months ended   Three months ended   Three months ended     Three months ended  
  March 31,   March 31,   March 31,   March 31,  
(in thousands)   2017       2016       2017       2016       2017       2016     2017       2016  
Income (loss) from operations before income taxes   $ 369,763   $ 554,680   $ 33,615   $ 28,044   $ (52,424 ) $ (83,731 ) $ 350,955   $ 498,993  
Interest (expense) income, net   (120 )   (17 )   147     (6,867 )   (24,280 )   (26,861 )   (24,252 )   (33,745 )
Equity in earnings of affiliates   5,243     7,732     15,206     17,946     -     -     20,449     25,678  
(Loss) gain on derivatives   -     -     -     -     (2,336 )   2,766     (2,336 )   2,766  
Gain on sale of investments   -     208,197     -     -     -     -     -     208,197  
Miscellaneous, net   2,483     3,487     19,903     31,058     5,154     (28,479 )   27,540     6,066  
Operating income (loss)   362,157     335,281     (1,641 )   (14,093 )   (30,962 )   (31,157 )   329,554     290,031  
Depreciation   11,499     14,195     2,872     2,841     589     261     14,960     17,297  
Amortization   9,918     10,021     14,279     21,041     -     -     24,197     31,062  
Consolidated segment profit (loss) (1)   383,574     359,497     15,510     9,789     (30,373 )   (30,896 )   368,711     338,390  
TVN transaction and integration expenses   -     -     -     (13 )   -     1,368     -     1,355  
Restructuring costs   -     (29 )   -     -     -     (281 )   -     (310 )
Reorganization costs   -     3,806     -     -     -     3,519     -     7,325  
Consolidated adjusted segment profit (loss) (1) $ 383,574   $ 363,274   $ 15,510   $ 9,776   $ (30,373 ) $ (26,290 ) $ 368,711   $ 346,760  


Adjusted Net Income - Q1 2016  
(in thousands, except per share data) Three months ended March 31, 2016  
GAAP measure Cost of
services,
excluding
depreciation
and amortization
    Selling,
general and
administrative
    Depreciation
and
amortization
    Gain on
derivatives
    Gain on
sale of
investments
    Miscellaneous,
net
    Net
income
attributable
to SNI (A)
    Earnings
per
diluted share
 
As reported $ 279,667   $ 198,821   $ 48,359   $ 2,766   $ 208,197   $ 6,066   $ 290,897   $ 2.24  
TVN transaction and integration expenses     -     (1,355 )   -     -     -     -     840     0.01  
Restructuring costs   -     310     -     -     -     -     (192 )   -  
Reorganization costs   (1,707 )   (5,618 )   -     -     -     -     4,542     0.03  
Sale of investments   -     -     -     -     (208,197 )   -     (129,082 )   (0.99 )
As adjusted $ 277,960   $ 192,158   $ 48,359   $ 2,766   $ -   $ 6,066   $ 167,005   $ 1.29  
(A) Items tax effected at 38% statutory tax rate.  


Free Cash Flow - 2017 and 2016            
  Three months ended March 31,  
(in thousands)   2017     2016  
Cash provided by operating activities $ 301,263     $ 322,667  
Dividends paid to non-controlling interests     (111,509 )   (89,346 )
Additions to property and equipment   (24,827 )   (11,345 )
Free cash flow $ 164,927   $ 221,976  
             


Operating Revenues by Network – 2017 and 2016  
  Three months ended March 31,  
(in thousands) 2017   2016   % Change  
Network                      
HGTV $ 286,076   $ 271,715     5.3 %
Food Network   243,363     229,298     6.1 %
Travel Channel   82,265     80,767     1.9 %
DIY Network   40,480     41,513     (2.5 )%
Cooking Channel   36,590     32,969     11.0 %
Great American Country   7,183     7,286     (1.4 )%
Digital Businesses   30,231     28,972     4.3 %
Other   11,201     10,160     10.2 %
Intrasegment eliminations   (500 )   (485 )   (3.1 )%
Total segment operating revenues   $ 736,889   $ 702,195     4.9 %
Type                  
Advertising $ 512,055   $ 487,285     5.1 %
Distribution   211,140     202,096     4.5 %
Other   13,694     12,814     6.9 %
  $ 736,889   $ 702,195     4.9 %
Contact: Scripps Networks Interactive, Inc.
Investors: Mike Gallentine, 865-560-4473, MGallentine@scrippsnetworks.com;
Media: Dylan Jones, 865-560-5068, DJones@scrippsnetworks.com; or
Kristin Alm, 865-560-4316, KAlm@scrippsnetworks.com

Primary Logo

Scripps Networks Interactive, Inc.

Stock Quote

SNI (Class A Common Shares)
ExchangeNASDAQ GS (US Dollar)
Price$67.48
Change (%) Stock is Down 0.75 (1.10%)
Volume1,162,751
Data as of 05/23/17 4:00 p.m. ET
Minimum 20 minute delay
Refresh quote
Data provided by Nasdaq. Minimum 15 minutes delayed.

Investor Toolkit

Print PagePrint Page
Email PageEmail Page
RSS FeedsRSS Feeds
Email AlertsEmail Alerts
IR ContactsIR Contacts
Financial Tear SheetFinancial Tear Sheet