» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 215 | Friday, November 02, 2012

Scripps Networks Posts Higher Earnings

AP

Print | Front Page | Email this story | Comments ()

KNOXVILLE (AP)Scripps Networks Interactive Inc., the operator of pay-TV networks such as Food Network and HGTV, said Thursday that its third-quarter net income grew 20 percent thanks to higher revenue from both advertising and distributor fees.

The company earned $118.4 million, or 78 cents per share, up 20 percent from $98.6 million, or 65 cents per share, in the same period a year ago.

Revenue grew 12 percent to $566.2 million from $503.7 million.

Analysts, on average, were expecting earnings of 74 cents per share on revenue of $555.6 million, according to a poll by FactSet.

Advertising revenue grew 10 percent from a year ago to $377 million and affiliate fee revenue jumped 18 percent to $175 million.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 67 10,289
MORTGAGES 107 107 13,434
FORECLOSURE NOTICES 0 0 2,644
BUILDING PERMITS 393 393 24,700
BANKRUPTCIES 60 60 9,952
BUSINESS LICENSES 16 16 3,752
UTILITY CONNECTIONS 149 149 14,706
MARRIAGE LICENSES 31 31 3,198

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.