Scripps Networks Interactive - AbsoluteAstronomy.com

Scripps Networks Interactive is an American

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

media company formed on July 1, 2008 as a spin out

Spin out

A spin-out, also known as a spin-off or a starburst, refers to a type of corporate action where a company "splits off" sections of itself as a separate business....

of the E.W. Scripps Company. Since launching HGTV

HGTV

HGTV , is a cable-television network operating in the United States and Canada, broadcasting a variety of home and garden improvement, maintenance, renovation, craft and remodeling shows...

in 1994, Scripps has become a leader in lifestyle media, developing relevant content for television, the Internet satellite radio, books, magazines, and on emerging media platforms. In addition to HGTV, its lifestyle media brands include Food Network

Food Network

Food Network is a television specialty channel that airs both one-time and recurring programs about food and cooking. Scripps Networks Interactive owns 70 percent of the network, with Tribune Company controlling the remaining 30 percent....

, DIY Network

DIY Network

DIY Network is a channel owned by Scripps Networks Interactive that focuses on do it yourself projects at home.Television stations air local versions with local hosts with segments produced by the network. Branded DIY Network programming is also broadcast in Japan and the Philippines...

, Cooking Channel

Cooking Channel

Cooking Channel is a television specialty channel that airs recurring programs about food and cooking, owned by Scripps Networks Interactive. It is a spinoff of Food Network, also owned by SNI, but focuses more on instructional shows rather than "reality style" and contest programming that Food...

, Travel Channel

Travel Channel

The Travel Channel is a satellite and cable television channel that is headquartered in Chevy Chase, Maryland, US. It features documentaries and how-to shows related to travel and leisure around the United States and throughout the world. Programming has included shows in African animal safaris,...

and Great American Country

Great American Country

Great American Country , is a Nashville, Tennessee-based country music cable television network.-History:The station launched December 31, 1995 and Garth Brooks' video "The Thunder Rolls" was the first video to air on GAC....

(GAC).

Scripps is headquartered in Knoxville, Tennessee

Knoxville, Tennessee

Founded in 1786, Knoxville is the third-largest city in the U.S. state of Tennessee, U.S.A., behind Memphis and Nashville, and is the county seat of Knox County. It is the largest city in East Tennessee, and the second-largest city in the Appalachia region...

. On February 8, 2011, the company's headquarters facility was awarded the Leadership in Energy and Environmental Design

Leadership in Energy and Environmental Design

Leadership in Energy and Environmental Design consists of a suite of rating systems for the design, construction and operation of high performance green buildings, homes and neighborhoods....

(LEED) Gold certification, established by the U.S. Green Building Council (USGBC) and verified by the Green Building Certification Institute

Green Building Certification Institute

The Green Building Certification Institute was established in January 2008 with the support of the U.S. Green Building Council to manage the Leadership in Energy and Environmental Design Building Certification and the Professional Accreditation Processes.While the U.S...

(GBCI).

The company has additional office locations in New York City

New York City

New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

, Los Angeles

Los Ángeles

Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...

, Chicago

Chicago

Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...

, Detroit, Atlanta, Nashville and San Francisco.

Scripps' Chairman, President and CEO is Kenneth W. Lowe, who founded HGTV in 1994.

Company History

Scripps Networks Interactive’s roots began with the E.W. Scripps Company in 1993. The company had announced that year the launch of a 24-hour cable network in the fall of 1994. On December 30, 1994 HGTV

HGTV

HGTV , is a cable-television network operating in the United States and Canada, broadcasting a variety of home and garden improvement, maintenance, renovation, craft and remodeling shows...

went on the air to 6.5 million homes in 50 markets.

In 1995, the official grand opening for HGTV’s new headquarters in Knoxville, Tenn. took place. The network reached into 10 million homes on November 1 of that year, launched in Canada and online with HGTV.com in 1996, and hit the 25 million subscriber mark in 1997.

Also in 1997, Scripps added its second network with the acquisition of Food Network

Food Network

. The year also saw HGTV execute its first HGTV Dream Home

HGTV Dream Home

The HGTV Dream Home is the American cable network Home & Garden Television's annual project house and sweepstakes, held since 1997. The sweepstakes commences with a January 1 television special showcasing the fully furnished, custom-built home valued in excess of one million dollars; viewers are...

Giveaway, which received more than 1.2 million entries from across the country. By 2011, the number of entries had grown to nearly 80 million.

In 1999 Scripps launched DIY Network

DIY Network

, described as the "go-to destination for rip-up, knock-out home improvement television." With three brands now under the Scripps umbrella, a $12 million addition was made to the company’s headquarters in Knoxville to provide the infrastructure and technology to support the networks’ continuing growth.

This growth continued well into the new millennium. Both HGTV (in November 2002) and Food Network (in September 2003) reached full distribution with 80 million subscribers apiece, while Food Network followed HGTV’s footprint into Canada by launching Food Network Canada at the end of 2002.

The first half of the decade also saw Scripps add its fourth and fifth networks to its mix, Fine Living Network (2002) and Great American Country

Great American Country

(GAC-2004). A few months after the GAC acquisition, Scripps announced the move of the network’s headquarters from Denver, Colorado

Denver, Colorado

The City and County of Denver is the capital and the most populous city of the U.S. state of Colorado. Denver is a consolidated city-county, located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains...

to Nashville, Tennessee

Nashville, Tennessee

Nashville is the capital of the U.S. state of Tennessee and the county seat of Davidson County. It is located on the Cumberland River in Davidson County, in the north-central part of the state. The city is a center for the health care, publishing, banking and transportation industries, and is home...

.

In 2008, Scripps Networks Interactive split from the E.W. Scripps Company and received its own listing on the NYSE as tickert symbol SNI. The year also saw GAC reach 50 million subscribers, with DIY Network reaching the 50 million subscriber mark in 2009.

Scripps acquired a majoritiy interest in the Travel Channel

Travel Channel

from Cox Communications for a reported $975 million in late 2009, and the following year rebranded Fine Living Network as Cooking Channel

Cooking Channel

.

In April 2011, Scripps announced the purchase of Shopzilla for $165 million. Scripps, from within its Travel Channel unit also invested in Oyster.com -- a hotel research and booking site.

On 15 August 2011, Virgin Media

Virgin Media

Virgin Media Inc. is a company which provides fixed and mobile telephone, television and broadband internet services to businesses and consumers in the United Kingdom...

agreed to sell its 50% stake UKTV

UKTV

UKTV is a digital cable and satellite television network, formed through a joint venture between BBC Worldwide, a commercial subsidiary of the British Broadcasting Corporation, and Scripps Networks Interactive, spun off from The E.W Scripps Company in 2008...

to Scripps Networks Interactive in a deal worth £339m. Scripps paid £239m in cash, and about £100m to acquire the outstanding preferred stock and debt owed by UKTV to Virgin Media. Completion of the transaction was contingent on regulatory approvals in Ireland

Republic of Ireland

Ireland , described as the Republic of Ireland , is a sovereign state in Europe occupying approximately five-sixths of the island of the same name. Its capital is Dublin. Ireland, which had a population of 4.58 million in 2011, is a constitutional republic governed as a parliamentary democracy,...

and Jersey

Jersey

Jersey, officially the Bailiwick of Jersey is a British Crown Dependency off the coast of Normandy, France. As well as the island of Jersey itself, the bailiwick includes two groups of small islands that are no longer permanently inhabited, the Minquiers and Écréhous, and the Pierres de Lecq and...

, which as received on 3 October 2011. Related to the transaction, Scripps Networks Interactive and BBC Worldwide

BBC Worldwide

BBC Worldwide Limited is the wholly owned commercial subsidiary of the British Broadcasting Corporation, formed out of a restructuring of its predecessor BBC Enterprises in 1995. In the year to 31 March 2010 it made a profit of £145m on a turnover of £1.074bn. The company had made a profit of £106m...

are negotiating an agreement whereby, after completion, BBC Worldwide would have the option, via a combination of cash and a package of digital rights for UKTV, to increase its shareholding from 50 percent to a maximum of 60 percent. Scripps Networks Interactive’s existing voting rights and Board representation would be unaffected by this proposed arrangement, which would be subject to BBC Executive and BBC Trust

BBC Trust

The BBC Trust is the governing body of the British Broadcasting Corporation. It is operationally independent of BBC management and external bodies, and aims to act in the best interests of licence fee payers....

approvals.

Scripps Networks International

After years of distributing its lifestyle programming to more than 170 countries on every continent around the globe, Scripps Networks Interactive turned an eye toward renewed global expansion. The company aims to take greater advantage of the new wave of media growth that is occurring today in the international marketplace, as many countries rebuild their telecommunications infrastructures. The rise of Asia

Asia

Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...

and other emerging economies offers remarkable opportunities to create culturally relevant lifestyle networks in many places around the world.

In January 2009, the company tapped industry veteran Greg Moyer to lead the revitalized international division. As chief creative officer of Scripps Networks International, Moyer guides global business opportunities and takes advantage of untapped promise on the international front. Moyer seeks to exploit Scripps' quality content beyond third-party sales to broadcasters as joint ventures or wholly owned operations.

Taking advantage of this key growth opportunity, Scripps has launched Food Network Asia

Food Network Asia

Food Network Asia is a television channel that airs both one-time and recurring programs about food and cooking from the Food Network's library as well as commissioned programming developed regionally. Food Network Asia launched July 5, 2010 on StarHub TV Singapore channel 433.The channel is also...

, distributed through MEASAT Satellite Systems and Ascent Media

Ascent Media

Ascent Media Corporation is a holding public company whose primary subsidiary is Ascent Media Group, LLC. Ascent Media Group is a Delaware limited liability company , which provides creative and technical services to the media and entertainment industries. Ascent Media was a wholly owned...

, as well as Food Network Africa

Africa

Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...

. The company also launched Food Network in Europe

Europe

Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...

and the Middle East

Middle East

The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...

through a joint venture with Chello Zone. Scripps' brands collectively are available in more than 170 countries and territories on all seven continents. They also are distributed to more than 1,000 outlets on U.S. military bases and U.S. embassies around the world via the American Forces Network

American Forces Network

The American Forces Network is the brand name used by the United States Armed Forces American Forces Radio and Television Service for its entertainment and command internal information networks worldwide...

External links

The source of this article is wikipedia, the free encyclopedia. The text of this article is licensed under the GFDL.