Kenneth Lowe


Discovery eyes global OTT after closing Scripps deal

Discovery has completed its US$14.6 billion takeover of US cable rival Scripps Networks Interactive, and is now looking to the OTT opportunities the new scale provides. The new look group comprises channels such as Discovery Channel, Travel Channel, TLC, HGTV and Animal Planet among others, and owns over 8,000 hours of programming. Following completion of […]

Discovery buying Scripps for $14.6bn

Discovery Communications is acquiring fellow US-based cable group Scripps Networks Interactive for US$14.6 billion. The cash-and-stock deal values each Scripps at US$90, a 34% premium of the company’s share price when talks with Discovery first began on Tuesday, July 18. The deal, which is subject to approval of both sets of shareholders and regulatory watchdogs, […]

HGTV set for European debut in Poland

Scripps Networks Interactive is due to roll out its home and garden-focused cable network, HGTV, to Poland in January 2017, marking the channel’s European debut. The network, which broadcasts a variety of how-to shows geared towards home improvement and gardening, will be available via Scripps-owned Polish operator TVN. The Polish version of the channel will […]

Scripps gears up for European HGTV launches

Scripps has identified a “substantial opportunity” for HGTV in Europe, and said that the global rollout of the channel is a “key priority”. Speaking on the company’s second quarter earnings call, Scripps CEO Kenneth Lowe said that the company would make more announcements about Home and Garden Television in Europe in “the coming months”. This […]

Scripps results driven by US, int’l gains

Scripps Networks Interactive reported strong fourth quarter results, driven by advertiser demand for Scripps’ brands in the US and by its takeover of Polish broadcaster TVN. Scripps’ Q4 operating revenue for its International Networks division was US$163.0 million, an increase of US$135.7 million compared with Q4 2014, while profit was US$36.4 million, compared to a loss of US$8.0 million a year […]

Scripps Networks Interactive ups two senior execs

Scripps Networks Interactive has promoted two of its senior management team, following the announcement last week that Brooke Johnson is to retire as president of Scripps Networks Interactive’s lifestyle channels. Under the reorganisation, Scripps Networks president Burton Jablin (pictured) becomes chief operating officer of Scripps Networks Interactive, overseeing sales, distribution, programming, digital and strategic planning […]

Scripps clinches €584m TVN deal

Scripps Networks Interactive has closed its acquisition of a majority stake in Polish commercial broadcaster TVN from ITI and Canal+ Group. Scripps has acquired a 52.7% stake in the broadcaster for €584 million (US$647.3 million). The US-based pay TV company has acquired the stake by taking 100% control of N-Vision, a company that, directly or […]

Scripps to launch 100% takeover bid for TVN

Scripps Networks Interactive has confirmed plans to buy 100% of Polish broadcaster TVN, after it completes its previously announced purchase of a majority stake in the firm. Scripps’ chairman and president, Kenneth Lowe (pictured), said the firn intends to make a public tender offer to buy the rest of TVN “to fully realise the strategic […]

Scripps: ‘TVN deal makes us major global player’

Scripps Networks Interactive’s majority buyout of Polish broadcaster TVN is on track to close in the third quarter, allowing Scripps to expand its brands and footprint in the region. Speaking on Scripps’ earnings call last week, Scripps Networks president Burton Jablin (pictured) said that the TVN deal “really puts Scripps Networks on the map as […]