This article needs additional citations for verification .(November 2017) |
Company type | Public |
---|---|
Nasdaq: SNI | |
ISIN | US8110651010 |
Industry |
|
Predecessor | E. W. Scripps Company |
Founded | July 1, 2008 |
Defunct | March 6, 2018 |
Fate | Acquired by and merged into Discovery Communications |
Successor | Discovery, Inc. (2018–2022) Warner Bros. Discovery (2022–present) |
Headquarters | Knoxville, Tennessee, United States |
Key people |
|
Revenue | US$ 2.5 billion (2013) [1] |
US$ 958.5 million (2013) [1] | |
US$ 683 million (2013) [1] cs | |
Total assets | US$ 4.4 billion (2013) [1] |
Total equity | US$ 2.1 billion (2013) [1] |
Number of employees | 3,600 [2] (2017) |
Scripps Networks Interactive, Inc. (SNI) was an American mass media company, which was formed on July 1, 2008, and acquired by and merged into Discovery Communications on March 6, 2018. It was formed in 2008, through the spin-off of the E. W. Scripps Company's cable television networks and online assets. Discovery Communications completed its acquisition of SNI after receiving approval from the United States Department of Justice and European Commission on March 6, 2018. It was the owner of several major factual television cable channels, including Food Network, HGTV and Travel Channel, and operated or held stakes in localized international versions of these brands. SNI also owned Polish broadcaster TVN and half of the British channel group UKTV.
SNI was headquartered in Knoxville, Tennessee. The company had additional office locations in New York City; Los Angeles; Chicago; San Francisco; Chevy Chase, Maryland; Atlanta; Detroit; Nashville; Cincinnati; and offices in São Paulo (Brazil), London (UK) and Singapore.
On July 31, 2017, Discovery Communications announced its intent to acquire SNI. After receiving approval from the United States Department of Justice and European Commission, the sale was completed on March 6, 2018 and its holding company became Discovery, Inc. before merging with AT&T's WarnerMedia in 2022 to become Warner Bros. Discovery.
In 1994, Scripps acquired the Knoxville-based Cinetel Productions to serve as a production base for a new home lifestyle-oriented cable network, which would eventually launch in December as HGTV. Scripps later acquired a stake in the Food Network, and launched a spin-off of HGTV known as DIY Network (now Magnolia Network). [3] [4] [5]
On July 1, 2008, Scripps spun out its cable networks and online properties as a new, publicly traded company known as Scripps Networks Interactive. The split was performed to reduce the financial burden of Scripps' broadcast television and print assets on its profitable cable network properties. [6] [7] [5]
The company acquired a majority interest in the Travel Channel from Cox Communications for a reported $975 million in late 2009, [8] and the following year rebranded Fine Living Network as Cooking Channel.
In April 2011, the company announced the sale of Shopzilla to Symphony Technology Group for $165 million. From within its Travel Channel unit, Scripps also invested in Oyster.com, a hotel research and booking site. [9]
In 2011, Virgin Media agreed to sell its 50% stake in UKTV to Scripps Networks Interactive for $495 million (£339 million). [10] Completion of the transaction was contingent on regulatory approvals in Ireland and Jersey, which was received on October 3, 2011. [11]
On March 22, 2012, Scripps Networks Interactive announced that it had agreed to pay £65m (US$102.7m) to acquire Travel Channel International Limited (TCI), the UK-based broadcaster that ran travel-themed television channels under the Travel Channel brand across the Europe, Middle East, Africa and Asia Pacific markets, but had no connection with the American television channel of the same name until that time. [12] The deal was completed on May 1, 2012, following regulatory approval. [13] The channels ran by TCI were rebranded after the American channel since then.
In May 2013, Scripps Networks Interactive announced that it would open a Brazilian headquarters, in São Paulo, [14] and had appointed the former vice-president of strategy of Fox as managing director, [15] broadcasting its channels to the entire Latin America region. [14]
On June 5, 2013, the company launched ulive, a digital-only lifestyle video brand that combined video content from the company's media brands with third-party videos and original series. Later rebranded as Lifestyle Studios, his video portal and distribution network expanded on the company's food, home and travel verticals, adding coverage for topics including parenting and wellness. [16]
By way of its acquisition of Polish company N-Vision, Scripps Networks Interactive gained a 52.7% controlling interest in Polish broadcaster TVN in March 2015 for $615.3 million (€584 million) from ITI Group and French media giant Vivendi. [17] [18] The company bought out TVN's remaining owners, ITI Group and Canal+ Group in July 2015. [19]
On May 3, 2017, Scripps acquired millennial-targeted food website Spoon University. [20]
On July 31, 2017, Discovery Communications announced that it would acquire Scripps Networks Interactive for $14.6 billion in a cash and stock deal. [21] Discovery will establish an operational hub in Knoxville, but the company also announced plans to relocate its worldwide headquarters from Silver Spring, Maryland to New York City in 2019. [22]
On February 6, 2018, the European Commission approved the deal. Since Liberty Global, which operates pay television services in Poland under the UPC Polska brand, is a major shareholder in Discovery Communications, the EU required that Discovery ensure the continued availability of TVN24 and TVN24 BiS to third-party television providers. [23] [24]
The purchase was approved by the U.S. Department of Justice on February 27, 2018, [25] and was completed on March 6, 2018; at that time, the company also changed its name to Discovery, Inc. [26] SNI's chief programmer Kathleen Finch was retained as Discovery's Chief Lifestyle Brands Officer, overseeing the former SNI channels, as well as Discovery lifestyle networks such as TLC. [27] In turn, Discovery, Inc. merged with WarnerMedia in April 2022 to form Warner Bros. Discovery; Finch was subsequently promoted to head of U.S. Networks, overseeing all non-premium cable networks run by Warner Bros. Discovery (besides Magnolia Network, which reports to HBO head Casey Bloys). [28] [29] [30]
TLC is an American cable television channel owned by Warner Bros. Discovery. First established in 1980 as The Learning Channel, it initially focused on educational and instructional programming. By the late 1990s, after an acquisition by the owners of Discovery Channel earlier in the decade, the network began to pivot towards reality television programming—predominantly focusing on programming involving lifestyles and personal stories—to the point that the previous name with "The Learning Channel" spelled out was phased out in favor of its initialism.
Turner Broadcasting System, Inc. was an American television and media conglomerate founded by Ted Turner in 1965. Based in Atlanta, Georgia, it merged with Time Warner on October 10, 1996. As of April 2022, all of its assets are now owned by Warner Bros. Discovery (WBD). The headquarters of Turner's properties are largely located at the CNN Center in Downtown Atlanta, and the Turner Broadcasting campus off Techwood Drive in Midtown Atlanta, which also houses Techwood Studios. Some of their operations are housed within WBD's corporate and global headquarters inside 30 Hudson Yards in Manhattan's West Side district, and at 230 Park Avenue South in Midtown Manhattan, both in New York City, respectively.
Food Network is an American basic cable channel owned by Television Food Network, G.P., a joint venture and general partnership between Warner Bros. Discovery Networks and Nexstar Media Group. Despite this ownership structure, Warner Bros. Discovery has operating control of the channel, and manages and operates it as a division of the Warner Bros. Discovery U.S. Networks Group. The channel airs both special and regular episodic programs about food and cooking.
Discovery, Inc. was an American multinational mass media factual television conglomerate based in New York City. Established in 1985, the company operated a group of factual and lifestyle television brands, such as the namesake Discovery Channel, Animal Planet, Science Channel, and TLC. In 2018, the company acquired Scripps Networks Interactive, adding networks such as Food Network, HGTV, and Travel Channel to its portfolio. Since the purchase, Discovery described itself as serving members of "passionate" audiences, and also placed a focus on streaming services built around its properties.
TVN is a Polish free-to-air television station, network and a media and entertainment group in Poland. It was co-founded by Polish businessmen Mariusz Walter, Jan Wejchert and Swiss entrepreneur Bruno Valsangiacomo. It is owned by TVN Group, which as of April 2022, is a subsidiary of Warner Bros. Discovery. Current CEO is Katarzyna Kieli.
Travel Channel is an American pay television channel owned by Warner Bros. Discovery, which had previously owned the channel from 1997 to 2007. The channel is headquartered in Manhattan, with offices in Silver Spring, Maryland and Knoxville, Tennessee, U.S.
Great American Family is an American cable television network. Owned by Great American Media, it broadcasts family-oriented general entertainment programming, including television series and made-for-TV movies.
The E. W. Scripps Company, also known as Scripps Howard, is an American broadcasting company founded in 1878 as a chain of daily newspapers by Edward Willis "E. W." Scripps and his sister, Ellen Browning Scripps. It was also formerly a media conglomerate. The company is headquartered at the Scripps Center in Cincinnati, Ohio. Its corporate motto is "Give light and the people will find their own way", which is symbolized by the media empire's longtime lighthouse logo.
Warner Bros. DiscoveryEurope, Middle East&Africa(EMEA) is a division of Warner Bros. Discovery. The division is responsible for managing the collection of their cable and satellite networks around the Europe, Middle East and Africa regions.
Magnolia Network is an American basic cable network owned by Warner Bros. Discovery and Chip and Joanna Gaines. It broadcasts personality-based lifestyle programs related to topics such as home construction, renovation, and cuisine.
Travel Channel International is a commercial television channel owned by Warner Bros. Discovery and broadcasting travel-themed programmes in the EMEA regions and Asia Pacific, spanning 21 on-air languages.
RIVR Media is an American-based TV production company, specializing in reality and documentary programming. RIVR is responsible for Fixer to Fabulous, Whale Wars, Trading Spaces, Escaping Polygamy, Fat Guys in the Woods, Renovation Realities, Going RV, Friday Night Impossible with Jerry Rice, Great American Heroes featuring Trace Adkins, Run My Renovation, and much more. It provides programming for cable networks, including A&E, HGTV, DIY Network, GAC, Lifetime Movie Network, MTV, Fine Living, Discovery Channel, Travel Channel, Weather Channel, History Channel, ESPN, Animal Planet, Game Show Network, TLC, Nickelodeon, Food Network, Court TV and TNN.
David Zaslav is an American media executive who is the current CEO and president of Warner Bros. Discovery.
HGTV is an American pay television channel owned by Warner Bros. Discovery. The network primarily broadcasts reality programming related to home improvement and real estate. As of February 2015, approximately 95,628,000 American households receive HGTV. The network was bought by Warner Bros. Discovery, then known as Discovery, Inc., in 2018, and it has come to be ranked at No. 4 in audience size among cable networks.
James Donald Samples Jr. is an American businessman and media executive. He is best known as the Senior Vice President and General Manager of TNT Latin America and Cartoon Network Latin America from 2000 to 2001, the General Manager and Executive Vice President of Cartoon Network from 2001 to 2007, the President of HGTV from 2007 to 2011, the President of Scripps Networks International since 2011, and the President of the Management Board at TVN Group from 2016 to 2018.
TVN S.A. is a Polish media and entertainment group established in 1995 as TVN Sp. z o.o. The CEO of TVN Group is Katarzyna "Kasia" Kieli, president and managing director of TVN Warner Bros. Discovery. Its TV channel, TVN, is their flagship.
This is a timeline of Discovery, a network of television channels owned by Discovery Inc. that broadcast in the UK.
Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022.
TVN Warner Bros. Discovery is a subsidiary of Warner Bros. Discovery that operates television channels and services in Poland. It operates the TVN Group, a media company acquired by Scripps Networks Interactive, which later got bought by Discovery, Inc.