Q2 media results (compared to year-ago quarter): Scripps Networks Interactive...
Q2 media results (compared to year-ago quarter): Scripps Networks Interactive sales rose 13 percent to $601 million from the year-ago quarter. Revenue at the cable programmer’s Cooking Channel and DIY Network had “very strong double digit growth both in viewership…
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and in revenues,” Chairman Kenneth Lowe said in an earnings release (http://xrl.us/bni6hf). “We set a company record this year for advance advertising sales and reached an important distribution agreement that will make our content easily and widely accessible to millions of consumers on tablets and other mobile platforms.” Income from continuing operations rose 6.8 percent to $142 million. Scripps shares closed up 4.5 percent to $56.17 on Thursday. ... WWE sales were little changed at $141.6 million as operating income fell 6.7 percent to $19.6 million. There were “expenses incurred in conjunction with our potential network,” the cable programmer said (http://xrl.us/bni6hu). ... Radio One sales rose 9.1 percent to $105.9 million “giving effect to the consolidation of TV One,” and “core radio revenue” rose 6.5 percent, the company said (http://xrl.us/bm55g3). Cash flow from the TV One cable network and from radio stations rose 19 percent to $41.4 million, and profit fell 57 percent to $42.7 million.