HGTV has proved to be a resounding success in Poland, where the Scripps Networks Interactive channel made its European debut in January.
In its latest set of results, Scripps notes that it is already the second most popular lifestyle channel in the country after TVN Style, which is also owned by the US company.
Meanwhile, Scripps’ TVN is reported to be in talks to sell its remaining 25% stake in Onet to Ringier Axel Springer Media. The latter acquired 75% of Onet from TVN in June 2012.
Scripps had record full year revenues in 2016, driven by strength in US advertising and its expanding international business.
Its consolidated operating revenues rose by 12.7% to $3.4 billion and consolidated advertising revenues by 17.2% to $2.4 billion.
Consolidated income amounted to $1.1 billion (+4%) and consolidated adjusted segment profit $1.4 billion (+10.1%).
Commenting on the results, Kenneth W. Lowe, chairman, president and CEO, said: “2016 was an extraordinary year for Scripps Networks Interactive. We achieved record levels of revenue and significantly improved our earnings. We increased ratings and engagement with audiences across our linear and digital platforms and expanded our international reach to new markets,” said. “This standout performance is a direct result of our relentless focus on operational execution and the deliberate investment we’ve made in programming, international businesses and in Scripps Lifestyle Studios.
“Looking ahead to 2017 and beyond, we continue to be focused on sustainable long-term growth, driven by the strength of our inspiring brands and content, and growing our reach across different platforms and geographies. We have the right strategic priorities and team to continue delivering increased shareholder value.”
