Scripps Networks Interactive to acquire controlling Interest in Polish TV operator TVN

SNi_DIM_BlueScripps Networks Interactive, a developer of lifestyle content for television, internet and mobile platforms, is to acquire a 52.7 percent interest in Poland’s multi-platform media company, TVN from ITI and Canal+ Group

tvnScripps Networks Interactive will pay an all-cash consideration of €584 million and will also assume €840 million of debt. Following completion, Scripps Networks Interactive will launch a mandatory public tender offer to further increase its ownership interest in TVN, as required under Polish law.

TVN is one of the leading media companies in Poland, with a portfolio of free-to-air and pay TV lifestyle and entertainment channels, including TVN, TVN 7, TVN Style, TTV, TVN Turbo as well as Poland’s 24 hour news channel, TVN24, and business news channel TVN24 Biznes i Swiat. The channels have a 22 percent share of Polish viewing in 2014. TVN Media has a 33 percent share of the market in advertising revenue for TVN’s own portfolio of channels, as well as selling advertising for a number of other commercial broadcasters in Poland.

Kenneth W. Lowe, chairman, president and chief executive officer of Scripps Networks Interactive said, “Poland is a vibrant media market with significant growth potential. TVN has an incredible portfolio of channels and services, and has delivered consistently strong creative and financial performance under the leadership of Markus Tellenbach,” said Lowe. “The business will be a strong addition to Scripps Networks Interactive, and we’re looking forward to working with the whole TVN team to achieve our significant ambitions in the region together.”

USA, Knoxville, TN & Poland, Warsaw

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Scripps Networks Interactive is acquiring Travel Channel International for £65M

Scripps Networks Interactive  is acquiring Travel Channel International Limited (TCI), an independent company headquartered in the United Kingdom that distributes the Travel Channel brand in 20 languages across Europe, Africa, Middle East and Asia Pacific regions.

The company produces and commissions original travel programming for distribution in 91 countries.

Scripps Networks Interactive will pay £65 million to acquire TCI. The transaction is expected to be completed in the second quarter of 2012 pending regulatory approval.

“We are looking forward to integrating Travel Channel International into Scripps Networks Interactive’s portfolio of popular lifestyle networks,” said Kenneth W. Lowe, chairman, president and chief executive officer of Scripps Networks Interactive. “TCI brings unique value to us as we establish our brands in the global media marketplace. We’re enthusiastic about sharing our lifestyle programming expertise internationally, engaging a new set of passionate media consumers overseas, and increasing our footprint in Europe and Asia, building on the solid foundation we’ve established for the continued international growth of our brands.”

Formed in 2004, TCI has affiliate agreements with approximately 850 distributors. The company’s 46 full-time employees in London will join Scripps Networks Interactive at the completion of the transaction.

USA, Cincinnati, OH & UK, London

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Scripps provides revenue guidance for 2012

The E. W. Scripps Company has provided a broad outlook for the revenue performance of its television stations and newspapers in 2012.

For the full year 2012, total television revenues should increase by more than 50 percent. That includes more than $100 million of revenue for the stations that were acquired from McGraw-Hill Broadcasting Company on December 30, 2011.

Excluding the newly acquired stations, television revenue should increase more than 15 percent, fueled by low-to-mid-single-digit growth of core revenue, and political revenue that should exceed the $42 million figure reported in the previous presidential election cycle.

Newspaper revenue should be down slightly to approximately $400 million.

The commentary was part of prepared remarks at the Noble Financial Equity Conference. A replay can be heard by visiting the investor relations page at

More-detailed guidance for the first quarter of 2012 will be released when the company reports its year-end earnings in February.

USA, Cincinnati, OH

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The E.W. Scripps Company third quarter results Posted on November 9, 2011