Feb. 14--Scripps Networks Interactive on Friday reported fourth-quarter profits of $109 million, or $0.73 a share, down 64 percent compared to the prior year.
The company said operating revenues climbed by 8.2 percent, but international licensing fees fell and certain costs increased, including marketing expenses aimed at boosting viewership for the company's cable channels.
"Our strong fourth-quarter and full-year operating results validate our success in attracting an engaged, upscale audience with our unique lifestyle content," Kenneth Lowe, chairman, president and CEO of Scripps said in a news release. "We create long-term value for our shareholders by building iconic lifestyle brands, a fact that's borne out in the company's long and successful track record."
Knoxville-based Scripps Networks has a portfolio of cable television channels that includes HGTV, Travel Channel, Food Network, DIY Network and Great American Country.
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