Blog Post

Earnings: Soft Ad, E-Commerce Market Pushes Scripps Networks’ Profit Down 10 Percent

imageScripps Networks Interactive (NYSE: SNI), the do-it-yourself home and lifestyle oriented cable entertainment company, has some fixing up of its own: the weak ad market sent Q1 profits 10 percent lower to $60.1 million ($0.37 per share), as revenues slipped 7 percent to $361 million. In addition to a 4.6 ad decline in its Lifestyle Media segment, which includes cable networks like HGTV, DIY and The Food Network, poor performance at the company