Scripps Systems Interactive Profit Drops 4.5% in Third Quarter

Scripps Systems Interactive reported mixed third-quarter financials on Thursday as revenue rose, but earnings declined slightly on greater expenses for completely new shows launched with the firm's systems.our editor recommendsFeinbaum to develop Scripps NetworksScripps Systems Profit Increases 38% on Ad, Fee Gains The cable systems company behind such channels as HGTV and Food Network released earnings of $130. million, when compared with $136.millions of around-ago period, lower 4.5 %. Revenue rose 7.9 % to $504 million as advertising revenue elevated 8.six percent and affiliate fee revenue rose 6.one percent. But expenses hopped fourteen percent, cutting in to the conclusion. The business has this year launched new shows to boost its ratings. Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects