Scripps Networks Cooks Up Higher Profits in Q2

scripps 1234 August 2015 – Scripps Networks Interactive, which restructured last year, reported a big jump in earnings despite a small gain in advertising revenue.

Net income rose 26% to $193.7 million, or $1.49 a share, from $153.8 million, or $1.07 per share, a year ago.

Revenue rose 3.4% to $732.1 million. Ad revenue rose 1.2% to $502.9 million, and affiliate fee revenue was up 8.7% to $215.2 million.

Read more at Multichannel

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