Scripps' affiliate fees lead the way to better revenues

Here's some bulletin board material for cable operators who subscribers complain their rates are climbing faster than inflation? Scripps Networks Interactive (home of HGTV, Food Network, The Cooking Channel, Great American Country and DIY) reported that its affiliate fees climbed 60 percent to $551 million (from $326 million) year over year and 61 percent to $138 million in the fourth quarter.

That trend though could be just a blip, according to CFO Joe NeCastro who pointed out that a number of service providers, including Time Warner Cable (NYSE: TWC-WI), AT&T (NYSE: T) U-Verse and the NCTC signed new multi-year deals during the year.

As with almost every cable-based programming source, Scripps also reported a spike in advertising revenue. It said it expected to continue to be strong in 2011 even as programming expenses climbed between six and nine percent.

For more:
- see this story

Related articles:
AT&T, Scripps quickly work out differences

Suggested Articles

Thanks largely to a drastic video subscriber drop off at AT&T, traditional pay TV providers lost close to 2 million subscribers combined in Q3.

Pluto TV says it now has approximately 20 million monthly active users.

As cord cutting trends accelerate and new SVOD giants like Disney+ take their first steps in the world, one analyst is ready to proclaim live TV dead.