Below are my key takeaways from the Scripps Q2 2016 Earnings Call on Aug 9:
Opening statement from Ken Lowe, CEO, was “Scripps Interactive again delivered another quarter of strong operating performance…”
Total operating rev +22% YoY to $893MM, consolidated advertising rev +29%, ad revenue for US networks +9% and crossed $500MM in the quarter for first time ever. Consolidated adjusted segment profit up 14%. Closed a record upfront.
HGTV was the number one network, in terms of revenue, at $283MM. Food Network was second with $241MM, followed by Travel Channel at $86MM, DIY at $47MM and Cooking Channel at $37. All channels grew revenue in the quarter, except for DIY, which fell 2%.