The Street – Scripps’ Food Network Tweets Its Way to Strong Quarter, Content Costs Still Sore Spot
August 9, 2016
by Laura Sanicola, The Street
Foodies are buzzing about the Food Network.
The food orientated cable channel proved to the golden goose when Scripps Interactive Network (SNI) reported earnings Tuesday morning as the company said the Food Network’s ratings for total day 25 year old to 54 year old viewers grew 4% compared to the prior year quarter. It also performed well in the second quarter, with revenues growing 5.6% to $240.1 million from about $228 million, the company reported on Tuesday.
Food Network was ranked as the third most social friendly brand, falling behind only ESPN and Amazon, according to a ranking by technology and data company Engagement Labs.
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