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Scripps Networks Profits Rise 14 Percent, Travel Channel Deal 'Worst Kept Secret In M&A History'

at Scripps Networks Interactive (NYSE: SNI) rose 14 percent to $65.3 million in the third quarter, while total revenue were flat. The Cincinnati-based owner of cable TV networks Food Network and HGTV, said that the revenues in the Lifestyle segment, which includes those channels website ad sales, was up a respectable 4.3 percent. The units profit was up 8.3 percent to $150 million in Q3. This week, Scripps confirmed its $975 million deal to acquire 65 percent stake in the Travel Channel from ....

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16 days ago

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