Type
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Public |
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Traded as |
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Industry |
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Fate | Acquisition by Discovery Communications pending |
Predecessor | E. W. Scripps Company |
Founded | July 1, 2008 (2008-07-01) |
Headquarters | Knoxville, Tennessee, United States |
Key people
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Production output
|
TV shows |
Services | TV channels |
Revenue | US$ 2.5 billion (2013) |
Operating income
|
US$ 958.5 million (2013) |
Net income
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US$ 683 million (2013) |
Total assets | US$ 4.4 billion (2013) |
Total equity | US$ 2.1 billion (2013) |
Number of employees
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2,200 (2013) |
Divisions |
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Subsidiaries |
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Website | www |
Scripps Networks Interactive Inc. is an American media company formed on July 1, 2008, when the E. W. Scripps Company spun off its cable television division as a publicly traded company. Since launching HGTV in 1994, Scripps Networks diversified into lifestyle media, developing relevant content for television, Internet, satellite radio, books, magazines, and on emerging media platforms. In addition to HGTV, its lifestyle media brands include Food Network, DIY Network, Cooking Channel, Travel Channel, Great American Country and ulive.
Scripps is headquartered in Knoxville, Tennessee. The company has additional office locations in New York City; Los Angeles; Chicago; San Francisco; Chevy Chase, Maryland; Atlanta; Detroit; Nashville; Cincinnati; and offices in São Paulo (Brazil), London (UK) and Singapore.
Scripps Networks' Chairman, President and CEO is Kenneth W. Lowe, who founded HGTV in 1994.
On July 31, 2017, Scripps Networks and Discovery Communications announced that the latter will acquire the former in a $14.6 billion cash and stock deal.
Scripps Networks Interactive's roots began in 1994, when the E. W. Scripps Company purchase Cinetel Productions from the Bagwell family. Cinetel Production was based in the Cedar Bluff area of Knoxville, Tennessee. Scripps Networks took over Cinetel HQ. On December 1, 1994 HGTV went on the air to 6.5 million homes in 50 markets.
In 1995, the official opening for HGTV’s new headquarters in Knoxville took place. The network reached into 10 million homes on November 1 of that year, launched in Canada and online with HGTV.com in 1996, and hit the 25 million subscriber mark in 1997.
Also in 1997, Scripps Networks added its second network with the acquisition of a stake in the Food Network. The year also saw HGTV execute its first HGTV Dream Home Giveaway, which received more than 1.2 million entries from across the country. By 2011, the number of entries had grown to nearly 80 million.
In 1999 Scripps launched DIY Network, described as the "go-to destination for rip-up, knock-out home improvement television." With three brands now under the Scripps Networks umbrella, a $12 million addition was made to the company’s headquarters in Knoxville to provide the infrastructure and technology to support the networks’ growth.
Both HGTV (in November 2002) and Food Network (in September 2003) reached full distribution with 80 million subscribers apiece, while Food Network followed HGTV’s footprint into Canada by launching Food Network Canada at the end of 2002.
The first half of the decade also saw Scripps Networks add its fourth and fifth networks to its mix, Fine Living Network (2002) by start up and Great American Country (2004) by acquisition. A few months after the acquisition of Great American Country, Scripps Networks announced the move of the network’s headquarters from Denver, Colorado to Nashville, Tennessee.
In 2008, the E.W. Scripps Company spun off its cable television networks into a separate company, Scripps Networks Interactive, which received its own listing on the NYSE as ticker symbol "SNI". The year also saw Great American Country reach 50 million subscribers, with DIY Network reaching the 50 million subscriber mark in 2009.
The company acquired a majority interest in the Travel Channel from Cox Communications for a reported $975 million in late 2009, and the following year rebranded Fine Living Network as Cooking Channel.
On February 8, 2011, the company's headquarters facility in Knoxville was awarded the Leadership in Energy and Environmental Design (LEED) Gold certification, established by the U.S. Green Building Council (USGBC) and verified by the Green Building Certification Institute (GBCI).
In April 2011, the company announced the sale of Shopzilla to Symphony Technology Group for $165 million. It, from within its Travel Channel unit, also invested in Oyster.com, a hotel research and booking site.
The company has launched Food Network in the United Kingdom and other European markets as well as in the Middle East and Africa. It is also preparing to launch Food Network in Indonesia, bringing the channel to five countries in Asia in one year’s time. Its channels are also available through outlets on U.S. military bases and U.S. embassies around the world via the American Forces Network.
In 2011, Virgin Media agreed to sell its 50% stake in UKTV to the company in a deal worth $495 million (£339 million). Completion of the transaction was contingent on regulatory approvals in Ireland and Jersey, which was received on October 3, 2011. Related to the transaction, the company and BBC Worldwide are negotiating an agreement whereby, after completion, BBC Worldwide would have the option, via a combination of cash and a package of digital rights for UKTV, to increase its shareholding from 50 percent to a maximum of 60 percent. The company's existing voting rights and board representation would be unaffected by this proposed arrangement, which would be subject to BBC Executive and BBC Trust approvals.
On March 22, 2012, the company announced that it had agreed to pay £65m (US$102.7m) to acquire Travel Channel International Limited, the UK-based distributor of the Travel Channel brand across the Europe, Middle East, Africa and Asia Pacific markets. The deal was completed on May 1, 2012 following regulatory approval. The international channel will be integrated with the company's own Travel Channel.
On December 11, 2012 One Kings Lane, a home decor website, announced that the company had invested in its Series D financing. The company invested $15M in exchange for a 3% equity stake in the company.
In May 2013, the company announced that it will open a Brazilian headquarters, in São Paulo, and has appointed the former vice-president of strategy of Fox as managing director. It will broadcast its channels to the entire Latin America region.
On June 5, 2013, the company launched ulive, a digital-only lifestyle video brand that combines video content from the company's media brands with premium third-party videos and original series. Consisting of ulive.com, this premium video portal and distribution network expands on the company's food, home and travel verticals, adding coverage for topics including parenting and wellness.
The company, by way of its acquisition of Polish company N-Vision, purchased a 52.7% controlling interest in Polish broadcaster, TVN, in March 2015 for (€584m) US$615.3 million from ITI Group and French media giant Vivendi. TVN operates 12 channels in Poland, including TVN, TVN24 and TVN24 Biznes I Świat.
The company bought out TVN's remaining owners, ITI Group and Canal+ Group, for €584 million (US$615.3m) in July 2015, resulting in TVN becoming a wholly owned subsidiary of the company.
2016-07-08 | Reiterated Rating | JPMorgan Chase & Co. | Hold | |
2016-06-25 | Reiterated Rating | Jefferies Group | Hold | $69.00 |
2016-06-17 | Reiterated Rating | Sanford C. Bernstein | Market Perform | |
2016-05-22 | Reiterated Rating | Morgan Stanley | Hold | |
2016-05-22 | Reiterated Rating | Pacific Crest | Hold | |
2016-05-18 | Downgrade | Citigroup Inc. | Neutral to Sell | $69.00 to $62.00 |
2016-05-09 | Reiterated Rating | Goldman Sachs | Sell | $54.00 to $55.00 |
2016-05-09 | Reiterated Rating | Goldman Sachs Group Inc. | Sell | $54.00 to $55.00 |
2016-05-08 | Reiterated Rating | MKM Partners | Hold | |
2016-05-06 | Boost Price Target | MKM Partners | Neutral | $64.00 to $69.00 |
2016-04-26 | Reiterated Rating | Macquarie | Neutral | |
2016-04-14 | Reiterated Rating | Bank of America | Hold | |
2016-04-14 | Reiterated Rating | Bank of America Corp. | Hold | |
2016-04-12 | Boost Price Target | Moffett Nathanson | $67.00 | |
2016-04-11 | Reiterated Rating | Needham & Company LLC | Buy | $65.00 to $78.00 |
2016-04-07 | Initiated Coverage | RBC Capital | Sector Perform | $70.00 |
2016-04-07 | Initiated Coverage | Royal Bank Of Canada | Sector Perform | $70.00 |
2016-03-23 | Reiterated Rating | Citigroup Inc. | Hold | $67.00 to $68.00 |
2016-03-01 | Boost Price Target | Macquarie | $58.00 to $69.00 | |
2016-02-26 | Boost Price Target | Goldman Sachs | $48.00 to $53.00 | |
2016-02-24 | Lower Price Target | Nomura | Neutral | $74.00 to $68.00 |
2016-02-24 | Lower Price Target | Nomura Holdings Inc. | Neutral | $74.00 to $68.00 |
2016-02-04 | Boost Price Target | Citigroup Inc. | Neutral | $62.00 to $67.00 |
2015-12-16 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | |
2015-12-02 | Upgrade | Morgan Stanley | Underweight to Equal Weight | $55.00 to $59.00 |
2015-11-30 | Reiterated Rating | RBC Capital | Sector Perform | $76.00 to $69.00 |
2015-11-13 | Upgrade | Credit Agricole | Underperform to Outperform | $60.00 to $66.00 |
2015-11-13 | Upgrade | CLSA | Underperform to Outperform | $60.00 to $66.00 |
2015-11-13 | Upgrade | Credit Agricole SA | Underperform to Outperform | $60.00 to $66.00 |
2015-11-12 | Boost Price Target | Macquarie | Neutral | $55.00 to $61.00 |
2015-11-10 | Boost Price Target | Moffett Nathanson | Neutral | $56.00 to $59.00 |
2015-11-10 | Lower Price Target | MKM Partners | Neutral | $70.00 to $64.00 |
2015-11-02 | Lower Price Target | MKM Partners | Buy | $86.00 to $84.00 |
2015-10-20 | Reiterated Rating | RBC Capital | Sector Perform | $80.00 to $76.00 |
2015-10-16 | Boost Price Target | Moffett Nathanson | $56.00 | |
2015-10-05 | Downgrade | Goldman Sachs | Neutral to Sell | $74.00 to $47.00 |
2015-09-22 | Lower Price Target | Macquarie | Neutral | $67.00 to $55.00 |
2015-08-24 | Lower Price Target | Citigroup Inc. | Neutral | $65.00 to $62.00 |
2015-08-21 | Lower Price Target | Cowen and Company | Market Perform | $68.00 to $59.00 |
2015-08-20 | Lower Price Target | Sanford C. Bernstein | $64.00 to $58.00 | |
2015-08-14 | Lower Price Target | Citigroup Inc. | Neutral | $75.00 to $65.00 |
2015-05-15 | Reiterated Rating | Argus | Buy | |
2015-05-08 | Lower Price Target | MKM Partners | Neutral | $75.00 to $70.00 |
2015-04-28 | Initiated Coverage | Credit Agricole | Underperform | $76.00 |
2015-04-28 | Initiated Coverage | CLSA | Underperform | $76.00 |
2015-04-13 | Downgrade | Piper Jaffray | Overweight to Neutral | $88.00 to $73.00 |
2015-04-13 | Downgrade | Piper Jaffray Cos. | Overweight to Neutral | $88.00 to $73.00 |
2015-02-17 | Reiterated Rating | Citigroup Inc. | Hold | $83.50 to $80.00 |
2015-02-13 | Set Price Target | Wunderlich | Buy | $90.00 |
2015-02-13 | Reiterated Rating | MKM Partners | Buy to Neutral | $84.00 to $75.00 |
2015-02-10 | Lower Price Target | MKM Partners | Buy | $86.00 to $84.00 |
2014-12-22 | Initiated Coverage | Pacific Crest | Sector Perform | |
2014-11-05 | Lower Price Target | MKM Partners | Buy | $90.00 to $86.00 |
2014-11-03 | Initiated Coverage | Cowen and Company | Market Perform | $74.00 |
2014-10-13 | Reiterated Rating | Jefferies Group | Hold | $77.00 to $72.00 |
2014-09-16 | Lower Price Target | Macquarie | Neutral | $82.00 to $78.00 |
2014-07-30 | Boost Price Target | Evercore ISI | $80.00 to $89.00 | |
2014-07-09 | Reiterated Rating | Morgan Stanley | Underweight | $78.00 to $82.00 |
2014-06-26 | Initiated Coverage | Jefferies Group | Hold | |
2014-05-08 | Upgrade | Evercore ISI | Neutral to Buy | $85.00 |
2014-04-04 | Upgrade | Wunderlich | Hold to Buy | $86.00 to $90.00 |
2014-02-20 | Boost Price Target | Sanford C. Bernstein | $83.00 to $84.00 | |
2014-02-19 | Upgrade | Argus | Hold to Buy | $100.00 |
2014-02-18 | Boost Price Target | Guggenheim | $83.00 | |
2014-02-18 | Boost Price Target | Wunderlich | Hold | $81.00 to $86.00 |
2014-01-22 | Upgrade | Citigroup Inc. | Sell to Neutral | |
2014-01-15 | Initiated Coverage | Nomura | Neutral | $85.00 |
2013-12-16 | Upgrade | Ned Davis Research | Neutral to Buy | |
2013-12-16 | Boost Price Target | Needham & Company LLC | Buy | $88.00 to $100.00 |
2013-12-12 | Downgrade | Macquarie | Outperform to Neutral | $85.00 |
2013-12-12 | Downgrade | RBC Capital | Outperform to Sector Perform | $85.00 |
2013-12-11 | Downgrade | Citigroup Inc. | Neutral to Sell | |
2013-11-18 | Downgrade | Ned Davis Research | Buy to Neutral | |
2013-11-13 | Boost Price Target | Sanford C. Bernstein | Market Perform | $77.00 to $83.00 |
2013-11-05 | Boost Price Target | MKM Partners | Buy | $80.00 to $90.00 |
2013-10-24 | Initiated Coverage | Guggenheim | Neutral | |
2013-10-22 | Boost Price Target | RBC Capital | Outperform | $79.00 to $85.00 |
2013-10-14 | Initiated Coverage | Hanson | Neutral | |
2013-04-05 | Reiterated | Wunderlich | Buy | $68 to $72 |
2016-07-08 | Reiterated Rating | JPMorgan Chase & Co. | Hold | |
2016-06-25 | Reiterated Rating | Jefferies Group | Hold | $69.00 |
2016-06-17 | Reiterated Rating | Sanford C. Bernstein | Market Perform | |
2016-05-22 | Reiterated Rating | Morgan Stanley | Hold | |
2016-05-22 | Reiterated Rating | Pacific Crest | Hold |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In SNI 36 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Institutional Trust Company, N.A. | 2.76M |
BlackRock Fund Advisors | 1.54M |
BLACKROCK ADVISORS LLC | 1.00M |
BlackRock Group LTD | 0.85M |
BlackRock Investment Management, LLC | 0.71M |
RHJ International SA | 0.45M |
KILLEN GROUP INC | 0.30M |
BlackRock Japan Co. Ltd | 0.13M |
MANAGED ACCOUNT ADVISORS LLC | 0.11M |
JANUS CAPITAL MANAGEMENT LLC | 82610 |
RUSSELL FRANK CO/ | 76915 |
KEELEY ASSET MANAGEMENT CORP | 30663 |
BAIRD ROBERT W & CO INC /WI/ | 30051 |
SPERO-SMITH INVESTMENT ADVISERS INC /OH | 28644 |
Cantab Capital Partners LLP | 21522 |