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VOL. 127 | NO. 215 | Friday, November 02, 2012

Scripps Networks Posts Higher Earnings

AP

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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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 110 154 13,810
MORTGAGES 135 193 18,019
FORECLOSURE NOTICES 15 39 3,544
BUILDING PERMITS 430 430 32,733
BANKRUPTCIES 52 130 13,133
BUSINESS LICENSES 20 45 4,750
UTILITY CONNECTIONS 83 204 20,104
MARRIAGE LICENSES 0 33 4,230

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