FishbowlLA FishbowlDC SocialTimes MediaJobsDaily more TVNewser TVSpy GalleyCat AppNewser UnBeige AgencySpy PRNewser 10,000 Words AllFacebook AllTwitter semanticweb.com
Media Companies

Food Network Owners Post Flat Third Quarter Revenue

By Noah Davis on October 29, 2008 11:02 AM

scripps10.29.08.jpgScripps Networks Interactive, announced that its third-quarter earnings were in line with those from last year, good news for the media company.

Overall, net income fell just $0.6 million from $57.9 million to $57.3 million. The Lifestyle Media group — which includes the Food Network, HGTV and DIY Network among others — saw revenue increase 7.8 percent year-over-year and profit grow 5.1 percent.

In July, E.W. Scripps spun-off Scripps Networks Interactive into a separate entity. The new company, which has seen its stock price take a huge hit in the past month, was trading about even today.

RELATED:

Comments
Share
MEDIABISTRO EVENTS

Use Social Media to Market Your Business

Launch a social media campaign that will build your brand and deliver results in our online Social Media Marketing Boot Camp starting June 7. Speakers include Abigail Cusick (Bravo Digital), Gregory Galant (Sawhorse Media), Alex Leo (Thomson Reuters Digital), Jim Tobin (Ignite Social Media), and many more. Read the reviews.