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scripps networks inter-cl a (SNY) Snapshot

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scripps networks inter-cl a (SNY) Details

Scripps Networks Interactive, Inc. develops lifestyle-oriented content for television and the Internet markets in the United States and internationally. It delivers content that focuses on specifically defined topics of interest for audiences and advertisers. The company operates national television networks, such as Food Network, Home and Garden Television (HGTV), Travel Channel, DIY Network (DIY), Cooking Channel, and Great American Country (GAC); and Websites, including,,,,, and that are associated with the television networks and other Internet-based businesses serving food, home, and travel related categories. It also licenses its content to third parties, as well as brands for consumer products, such as videos, books, kitchenware, and tools. The company is headquartered in Knoxville, Tennessee.

2,200 Employees
Last Reported Date: 03/3/14

scripps networks inter-cl a (SNY) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.3M
Chief Financial & Administrative Officer and ...
Total Annual Compensation: $850.0K
Chief Technology Officer and Executive Vice P...
Total Annual Compensation: $525.0K
President of Scripps Networks
Total Annual Compensation: $830.0K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

scripps networks inter-cl a (SNY) Key Developments

Scripps Networks Eyes Acquisitions

Scripps Networks Interactive, Inc. (NYSE:SNI) intends to make acquisitions. Ken Lowe, Chairman, President and Chief Executive Officer of the company said: “We're in the throes of repositioning the Travel Channel. So to your question, we see the future as continuing to have more organic development internally now on the digital side. We just put Tammy Franklin in that role. We have a lot of positive feelings about where we can go in digital. At the same time, yeah, I think there will be some bolt on investments and acquisition opportunities. I don't think they're going to be huge, I don't think you'll see us doing anything on a major acquisition scale. But it's back to what I said earlier, just continuing to stay focused on what we do. We have some enormously rich and deep categories that we think can be mined for a number of years. And so when you have a controlling family like the Scripps who believe in long term value, long term investing, it does I think make our job a little bit easier.”

Channel 5 Receives Bid Approach Form Buyers

Scripps Networks Interactive, Inc. (NYSE:SNI), Viacom, Inc. (NasdaqGS:VIAB), Saban Capital Group, Inc. and Discovery Communications, Inc. (NasdaqGS:DISC.A) are reportedly planning to acquire Channel 5 Broadcasting Limited. Saban Capital, Viacom and Discovery Channel also submitted bids on February 27, 2014, according to British business news organization. Financial Times reported that Channel 5 is looking for a price of $1.17 billion.

Scripps Networks Interactive Names David Arroyo as Senior Vice President, Legal Affairs and Internal Audit

David Arroyo has been named senior vice president, legal affairs and internal audit, for Scripps Networks Interactive. In this role, Arroyo will implement operational and financial compliance audits to test the proper functioning of the company's control environment. He'll also direct the company's adherence to policies, procedures and regulations with an eye on increasing the efficiency and effectiveness of Scripps Networks assurance systems. Arroyo is based in New York and has dual reporting lines to the company's audit committee and to Cynthia Gibson, executive vice president, chief legal officer and corporate secretary. Arroyo, who joined Scripps Networks in 2004, has had numerous roles during his tenure with the company, including supervision over the legal teams supporting litigation, intellectual property rights management, program and talent contracting, human resources, ratings and brand research, and real estate. His oversight in many of these areas will continue as he takes on these new duties. Prior to Scripps, Arroyo practiced as a trial lawyer at a global law firm, and early in his career he clerked for a federal judge.


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