| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
131 |
| Employees |
2,100 |
| Revenues (TTM) (Millions $) |
3,562 |
| Net Income (TTM) (Millions $) |
814 |
| Cash Flow (TTM) (Millions $) |
7 |
| Capital Exp. (TTM) (Millions $) |
76 |
Business Description
Scripps Networks Interactive, Inc. is a media company that specializes in lifestyle content, mainly in the areas of food, home, travel and leisure. The company was founded in 1979 and is currently headquartered in Knoxville, Tennessee. Scripps Networks Interactive, Inc. operates several well-known lifestyle brands such as HGTV, Food Network, Cooking Channel, DIY Network, Travel Channel and Great American Country.
HGTV (Home and Garden Television) is the company's flagship brand, which offers programming related to home improvement, renovation, and design. The network features popular shows like "Fixer Upper," "Property Brothers" and "Love It or List It," which have gained huge popularity over the years. The Food Network is another iconic brand that is synonymous with food and cooking. It features popular cooking shows like "Barefoot Contessa," "Chopped," and "Iron Chef America." The network also produces original content featuring celebrity chefs like Giada De Laurentiis, Rachael Ray and Bobby Flay, who have become household names.
The Cooking Channel, a spin-off of the Food Network, was launched in 2010 and offers similar content to its parent network but with a more global perspective. The channel showcases cooking shows, food travel programs and culinary events. The DIY Network is another popular brand that focuses on do-it-yourself home improvement projects. The network offers shows like "Rehab Addict," "Tiny House, Big Living," and "Yard Crashers."
The Travel Channel produces entertainment programming focused on travel and adventure, featuring shows like "Anthony Bourdain: Parts Unknown," "No Reservations," and "Bizarre Foods with Andrew Zimmern." Great American Country (GAC) features programming celebrating the American landscape, culture and music. The channel features country music videos, original programming, and lifestyle shows focused on the outdoor lifestyle.
Scripps Networks Interactive, Inc. has a worldwide audience, and as a result, has been expanding its brands into new markets. The company operates in over 180 countries and provides localized programming to a global audience. Scripps Networks Interactive, Inc. has also been investing in digital platforms to extend their reach and attract new audiences. The company has developed mobile apps, online content, and streaming services to meet the growing demand for digital content.
In 2018, Scripps Networks Interactive, Inc. was acquired by Discovery, Inc. for $14.6 billion. The acquisition has created a new media powerhouse, offering a diverse range of lifestyle and entertainment programming to audiences around the world.
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