Kenneth W. Lowe

Scripps sees profits slip, makes Travel Channel write-down

Channel operator Scripps Networks Interactive saw profits drop year-on-year in Q4 after writing down the value of the company’s Travel Channel International business by US$24.7 million (€18 million).  Announcing results for the three and 12 months ending December 31, Scripps also said that in Q4 it wrote-down the value of RealGravity – an online video platform and […]

Scripps reports strong quarter, boosted by ad gains

Channel operator Scripps Networks Interactive reported strong third quarter results, which chairman, president and CEO Kenneth W. Lowe attributed to the popularity of its lifestyle networks.  The firm, which owns channel brands including HGTV, DIY Network, Food Network, Cooking Channel and Travel Channel, reported consolidated revenues for the quarter of US$617 million (€460 million) – up 9% year-on-year. Net income […]