{"id":1214,"date":"2012-04-01T18:50:58","date_gmt":"2012-04-01T22:50:58","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=1214"},"modified":"2012-05-23T12:37:57","modified_gmt":"2012-05-23T16:37:57","slug":"scripps","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2012\/04\/01\/scripps\/","title":{"rendered":"Scripps Networks Interactive"},"content":{"rendered":"

SCRIPPS NETWORKS INTERACTIVE<\/strong><\/span><\/h1>\n

by Yebin Choi<\/p>\n

\"Scripps<\/a>

SNI Logo<\/p><\/div>\n

BACKGROUND<\/strong><\/p>\n

The E.W. Scripps Company was founded by Edward W. Scripps on November 2, 1878.<\/p>\n

In July, 2008, the company separated into the publicly traded companies: The E.W. Scripps Company<\/a> and Scripps Networks Interactive<\/a> (SNI). The E.W. Scripps Company works with newspapers, TV stations, as well as licensing and syndication, while Scripps Networks Interactive has become the leader of media delivering viewers with information and entertainment in home, lifestyle, food, and travel. They are involved with the more popular household television names such as Food Network, HGTV, and the Travel Channel.<\/p>\n

Scripps also operates the national spelling bee, though the competitions are broadcasted on ESPN and ABC.<\/p>\n

ACQUISITIONS IN 2012<\/strong><\/p>\n

December 30, 2011: Scripps acquires McGraw-Hill<\/a><\/em>
\nThe E.W. Scripps Company finally successfully acquired 9 stations of the McGraw-Hill television station in December of 2011. Scripps\u00a0announced their intent on purchasing the McGraw-Hill television station around October, and with the approval of the Federal Communications Commission (FCC), the transaction was finally made. This purchase will expand Scripps’ affiliation with ABC as well as the spanish Azteca America network. The transaction was made for $212 million, in cash.[1<\/a>]<\/p>\n

January 31: Scripps acquires Real Gravity Inc<\/a><\/em>.<\/a>
\nOn January 31, SNI announced the successful agreement of the acquisition of Real Gravity Inc., a California based company that specializes in online video publishing and technology. Founded in 2009, SNI hopes Real Gravity Inc. will greatly aid and enhance their foothold in the realm of digital video capabilities and distribution with their fast growing lifestyle media businesses. [2<\/a>]<\/p>\n

March 22: Scripps acquires Travel Channel International<\/a>
\n<\/em>Scripps announced their acquisition of Travel Channel International (TCI) on March 22. The transaction took place for \u00a365 million, or $105.43 million [3<\/a>]. TCI was formed in 2004 with headquarters located in the United Kingdom. It is responsible for distributing popular original Travel Channel programming to 91 countries in Europe, Africa, the Middle East, and Asia Pacific. [4<\/a>]<\/p>\n

FINANCES<\/strong><\/p>\n

2011 FOURTH QUARTER REPORT
\n<\/em>SNI released their fourth quarter reports<\/a> for 2011 on February 9, 2012 and announced double-digit revenue growth over the past year. Consolidated revenues for the fourth quarter increased 10% to $553 million while advertising revenues increased 11% to $394 million. Segment profits also saw significant increase ($257million; 14% increase) along with smaller increases in areas such as affiliate fee revenues.[5<\/a>]<\/p>\n

Revenues for the fourth quarter of SNI networks are as follows:<\/p>\n