05 February 2009

CINCINNATI, Feb. 5 /PRNewswire-FirstCall/ -- Scripps Networks InteractiveInc. (NYSE: SNI) today reported fourth-quarter operating results reflectingsolid revenue growth at its Lifestyle Media television networks and relatedlifestyle Internet businesses.

The improved Lifestyle Media results, however, were offset by lowerrevenues at Shopzilla and uSwitch, the online comparison shopping brands thatcomprise the company's Interactive Services business segment.

The Lifestyle Media segment includes HGTV, Food Network, DIY Network, FineLiving Network, Great American Country and SN Digital, the segment's growingportfolio of online lifestyle content businesses.

Total company revenue for Scripps Networks Interactive for the three-monthperiod ending Dec. 31 was up 3.5 percent to $412 million compared with $398million during the same fourth-quarter period a year ago.

The company recorded a net loss during the fourth quarter of $154 million,or 94 cents per share, compared with a net loss of $299 million, or $1.83 pershare, for the same period in 2007. Results for both periods include theeffects of writedowns related to asset impairment.

Excluding these non-cash impairment charges, the company's consolidatednet income for the fourth quarter 2008 was 55 cents per share compared with 50cents in 2007.

Consolidated net income for the fourth quarter includes the effect of a$244 million, or $1.49 per share, non-cash charge against earnings forimpairment of goodwill. The charge is a result of the changing environment foronline comparison shopping services and the subsequent strategic repositioningof Shopzilla for long-term profit growth.

In 2007, the company recorded a non-cash charge of $411 million, reducingnet income by $382 million, or $2.33 per share, in the fourth quarter forimpairment of goodwill and other intangible assets for its uSwitch subsidiaryin the United Kingdom. (See Note 1 to results of operations for a descriptionof charges and credits.)

For comparison purposes, prior-year results include an estimatedallocation of Scripps Networks Interactive's corporate expenses paid byThe E. W. Scripps Company. On July 1, 2008, Scripps Networks Interactive wasspun off from E. W. Scripps as a separate publicly traded company. The prioryear's estimated corporate expenses are not representative of what corporateexpenses are for Scripps Networks Interactive as an independent company.

During the fourth quarter 2008, financial performance at the company'sLifestyle Media segment was favorably affected by growth in advertising sales,strong viewership trends, particularly at Food Network and DIY Network, andgrowth in affiliate fee revenue. Lifestyle Media revenue grew 7.0 percentduring the fourth quarter to $340 million compared with $318 million in 2007.Segment profit was $176 million compared with $175 million during the prioryear. (See Note 2 for a description of segment profit.)

Revenue from the Lifestyle Media segment's SN Digital interactivebusinesses grew 12 percent during the fourth quarter to $25 million. SNDigital properties include related Web sites for each of the televisionnetworks, plus other lifestyle content sites such as HGTVPro.com,RecipeZaar.com and FrontDoor.com.

Revenue from the company's Interactive Services business segment was $71.4million compared with $79.8 million in 2007. Segment profit was $18.9 millioncompared with $24.7 million during the same period a year earlier. InteractiveServices results were held back by an overall decline in online retailshopping activity at Shopzilla, lower sponsored-link revenue at Shopzilla, andlower energy switching activity at uSwitch in the U.K.

"Led by HGTV and Food Network, the company had a very good fourth quarter,especially when considering the strong macro-economic headwinds we werefacing," said Kenneth W. Lowe, chairman, president and chief executive officerof Scripps Networks Interactive. "The vitality of our lifestyle televisionnetworks is evident in their consistently solid performance, even when timesare difficult.

"All of our television networks grew during the three-month period, as wewere able to leverage the unique, engaged and growing audiences each brandaggregates," Lowe said. "Strong double-digit revenue growth at our newernetworks demonstrates the success we're having establishing these valuablebrands. And at SN Digital, we finished the year on a definite high note withdouble-digit revenue growth. Our resolve to be the leading provider of foodand shelter lifestyle content on any and all media platforms clearly isgaining momentum.

"At our Interactive Services businesses, fourth quarter results reflectthe weakening economy, particularly as it relates to the exposure Shopzillahas to the challenging retail spending environment and changing competitiveforces within the online comparison shopping marketplace." Lowe said."Interactive Services results also were affected by lower energy switchingactivity at uSwitch during the fourth quarter, which followed an extendedperiod of robust switching during the first three quarters of the year. Goingforward, we expect operating results at our Interactive Services segment toremain under pressure as we execute our competitive repositioning ofShopzilla."

Here are fourth-quarter results by operating segment:

Lifestyle Media

Lifestyle Media advertising revenue increased 3.3 percent to $263 million.Affiliate fee revenue was $70.4 million, up 21 percent.

Programming expenses increased 9.7 percent to $68.7 million.Non-programming costs increased 13 percent to $96.6 million. The increase innon-programming costs is attributable primarily to the company's strategicinvestment in its interactive lifestyle businesses (SN Digital).

Lifestyle Media segment profit was $176 million compared with $175 millionin the prior-year period.

Operating revenue at HGTV was up 4.2 percent to $149 million. HGTV nowreaches 98 million subscribers compared with about 96 million at the end ofthe fourth quarter 2007.

Food Network operating revenue increased 5.1 percent to $128 million. FoodNetwork reaches 98 million subscribers, up from about 96 million at the end ofthe fourth quarter 2007.

Revenue at DIY Network was $16.7 million, up 28 percent. DIY can be seenin about 49 million households, up from about 47 million households a yearago.

Fine Living Network revenue increased 16 percent to $12.8 million. FineLiving reaches nearly 54 million households vs. 50 million households lastyear.

Revenue at Great American Country was $7.1 million, up 16 percent. GreatAmerican Country can be seen in about 55 million homes compared with about 53million homes a year ago.

Revenue from the Lifestyle Media segment's interactive businesses(SN Digital) grew 12 percent to $25.0 million.

Interactive Services

Interactive Services revenue was $71.4 million for the fourth quartercompared with $79.8 million in the same period 2007.

Segment profit was $18.9 million compared with $24.7 million in the fourthquarter of 2007.

Full-year results

Consolidated operating revenue in 2008 grew 10 percent to $1.6 billionfrom $1.4 billion in the prior year.

Excluding non-cash charges, the company's consolidated net income for thefull-year 2008 was $1.63 per share compared with $1.56 per share in 2007.

Including the effects of non-cash charges, 2008 consolidated net incomewas $23.6 million, or 14 cents per share, compared with a net loss of $126million, or 77 cents per share in 2007. Net income in 2008 was reduced by $244million, or $1.49 per share, as a result of the non-cash writedown of goodwillat Shopzilla. Net income in 2007 was reduced by $382 million, or $2.33 pershare, as a result of a non-cash writedown of goodwill and other intangibleassets at uSwitch.

Following are full-year results by operating segment:

Total Lifestyle Media revenue increased 11 percent to $1.3 billion from$1.2 billion the prior year. Segment profit increased 7.0 percent to $648million. Advertising revenue grew 8.3 percent to $1.0 billion. Affiliate feerevenue was up 18 percent to $277 million. Segment costs and expensesincreased 14 percent to $680 million.

Total Interactive Services revenue increased 8.6 percent to $278 millionfrom $256 million the prior year. Segment profit increased 70 percent to $67.7million compared with $39.8 million the previous year.

Total company capital expenditures were $81 million vs. $74 million in2007.

Conference call

The senior management team of Scripps Networks Interactive will discussthe company's fourth quarter results during a telephone conference call at 10a.m. EST today. Scripps Networks Interactive will offer a live webcast of theconference call. To access the webcast, visitwww.scrippsnetworksinteractive.com and follow the Investor Relations link atthe top of the page. The webcast link can be found next to the microphoneicon.

To access the conference call by telephone, dial 1-800-230-1951 (U.S.) or612-332-0530 (international) approximately ten minutes before the start of thecall. Callers will need the name of the call, "fourth quarter earningsreport," to be granted access. Callers also will be asked to provide theirname and company affiliation. The media and general public are granted accessto the conference call on a listen-only basis.

A replay line will be open from 12 p.m. EST Feb. 5 until 11:59 p.m. ESTFeb. 12. The domestic number to access the replay is 1-800-475-6701 and theinternational number is 1-320-365-3844. The access code for both numbers is983918. A replay of the conference call will also be available online. Toaccess the audio replay, visit www.scrippsnetworksinteractive.comapproximately four hours after the call, choose Investor Relations, thenfollow the Audio Archives link on the left side of the page.

Forward-looking statements

This press release contains certain forward-looking statements related tothe company's businesses that are based on management's current expectations.Forward-looking statements are subject to certain risks, trends anduncertainties, including changes in advertising demand and other economicconditions that could cause actual results to differ materially from theexpectations expressed in forward-looking statements. All forward-lookingstatements should be evaluated with the understanding of their inherentuncertainty. The company's written policy on forward-looking statements can befound on page 23 of its Form 10 information statement that was filed June 11,2008, with the Securities and Exchange Commission, and on page F-21 of itsmost recent Form 10Q.

The company undertakes no obligation to publicly update anyforward-looking statements to reflect events or circumstances after the datethe statement is made.

About Scripps Networks Interactive

Scripps Networks Interactive Inc. is the leading developer oflifestyle-oriented content for television and the Internet, where on-airprogramming is complemented with online video, social media areas ande-commerce components on companion Web sites and broadband vertical channels.The company's media portfolio includes: Lifestyle Media, with popularlifestyle television and Internet brands HGTV, Food Network, DIY Network, FineLiving Network and country music network Great American Country (GAC); andInteractive Services, with leading online search and comparison shoppingservices BizRate, Shopzilla and uSwitch.

    SCRIPPS NETWORKS INTERACTIVE, INC.    CONSOLIDATED AND COMBINED BALANCE SHEETS    (unaudited)    (in thousands, except per share data)                                                        As of December 31,                                                        2008          2007    ASSETS    Current assets:      Cash and cash equivalents                        $9,970        $12,532      Short-term investments                            2,703      Accounts and notes receivable       (less allowances - 2008, $5,480;       2007, $3,945)                                  372,736        364,824      Programs and program licenses                   238,319        212,868      Other current assets                             14,296         12,533    Total current assets                              638,024        602,757    Investments                                        40,279         38,444    Property, plant and equipment, net                201,512        173,255    Goodwill and other intangible assets:      Goodwill                                        424,213        665,154      Other intangible assets, net                    110,810        129,385    Total goodwill and other intangible assets, net   535,023        794,539    Other assets:      Programs and program licenses       (less current portion)                         235,967        261,607      Unamortized network distribution incentives     107,796        135,367      Other non-current assets                         14,607         11,858    Total other assets                                358,370        408,832    Total Assets                                   $1,773,208     $2,017,827    LIABILITIES AND SHAREHOLDERS' EQUITY    Current liabilities:      Accounts payable                                $14,960         $8,010      Program rights payable                           15,240         16,555      Customer deposits and unearned revenue           11,045         15,018      Accrued liabilities:        Employee compensation and benefits             35,451         28,780        Accrued marketing and advertising costs        18,671         17,587        Other accrued liabilities                      70,927         58,630    Total current liabilities                         166,294        144,580    Deferred income taxes                             140,735        115,474    Long-term debt (less current portion)              80,000        503,361    Other liabilities (less current portion)          104,239        102,626    Total liabilities                                 491,268        866,041    Minority interests                                146,733        138,498    Shareholders' equity:      Preferred stock, $.01 par - authorized:       25,000,000 shares; none outstanding      Common stock, $.01 par:        Class A - authorized: 240,000,000 shares;         issued and outstanding: 127,184,107 shares         for 2008;                                      1,272        Voting - authorized: 60,000,000 shares;         issued and outstanding: 36,568,226         shares for 2008                                  366    Total                                               1,638    Additional paid-in capital                      1,222,856    Retained earnings (deficit)                      (120,774)    Parent company's net investment                                  971,889    Accumulated other comprehensive income             31,487         41,399    Total shareholders' equity                      1,135,207      1,013,288    Total Liabilities and Shareholders' Equity     $1,773,208     $2,017,827    SCRIPPS NETWORKS INTERACTIVE, INC.    CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS    (unaudited)    (in thousands, except per share data)                                                 Three months ended                                                    December 31,                                                 2008         2007      Change    Operating revenues                         $411,520     $397,717     3.5 %    Costs and expenses                         (230,638)    (210,785)    9.4 %    Depreciation and amortization of     intangible assets                          (19,335)     (21,950)  (11.9)%    Write-down of goodwill and intangible     assets                                    (243,700)    (411,006)    Gains (losses) on disposal of PP&E               47          (55)    Operating income (loss)                     (82,106)    (246,079)  (66.6)%    Interest expense                               (898)      (7,662)  (88.3)%    Equity in earnings of affiliates              1,321        5,468   (75.8)%    Gains (losses) on repurchases of debt    Miscellaneous, net                            1,636         520    Income (loss) from continuing operations     before income taxes and minority interest  (80,047)    (247,753)  (67.7)%    Provision for income taxes                  (47,130)     (25,059)   88.1 %    Income (loss) from continuing operations     before minority interest                  (127,177)    (272,812)  (53.4)%    Minority interest                           (26,370)     (25,725)    2.5 %    Income (loss) from continuing operations   (153,547)    (298,537)  (48.6)%    Income (loss) from discontinued operations     net of tax                                                 (262)    Net income (loss)                         $(153,547)   $(298,799)  (48.6)%    Net income (loss) per diluted share of     common stock (1):       Income (loss) from continuing operations  $(0.94)      $(1.83)       Income (loss) from discontinued        operations                                 0.00        (0.00)    Net income (loss) per diluted share of     common stock                                $(0.94)      $(1.83)    Weighted average basic shares     outstanding (1)                            163,338      163,466    Weighted average diluted shares     outstanding (1)                            163,338      163,466                                                Twelve months ended                                                    December 31,                                                 2008         2007     Change    Operating revenues                       $1,590,637   $1,441,265    10.4 %    Costs and expenses                        (940,070)     (849,109)   10.7 %    Depreciation and amortization of     intangible assets                         (73,937)      (86,694)  (14.7)%    Write-down of goodwill and intangible     assets                                   (243,700)     (411,006)    Gains (losses) on disposal of PP&E            (788)         (687)   14.7 %    Operating income (loss)                    332,142        93,769    Interest expense                           (14,207)      (36,770)  (61.4)%    Equity in earnings of affiliates            15,498        17,603   (12.0)%    Gains (losses) on repurchases of debt      (26,380)        1,245    Miscellaneous, net                           2,266         2,706   (16.3)%    Income (loss) from continuing operations     before income taxes and minority interest 309,319        78,553    Provision for income taxes                (193,371)     (126,387)   53.0 %    Income (loss) from continuing operations     before minority interest                  115,948       (47,834)    Minority interest                          (92,391)      (82,534)   11.9 %    Income (loss) from continuing operations    23,557      (130,368)    Income (loss) from discontinued     operations, net of tax                                    3,961    Net income (loss)                          $23,557     $(126,407)    Net income (loss) per diluted share of     common stock (1):       Income (loss) from continuing        operations                               $0.14        $(0.80)       Income (loss) from discontinued        operations                                0.00          0.02    Net income (loss) per diluted share of     common stock                                $0.14        $(0.77)    Weighted average basic shares     outstanding (1)                           163,245       163,466    Weighted average diluted shares     outstanding (1)                           164,131       163,466    For comparison purposes, first half 2008 and year-to-date and fourth     quarter 2007 results include estimates of Scripps Networks Interactive's     portion of The E. W. Scripps Company's corporate expenses for those     periods.  Such estimates are not representative of our costs as a     stand-alone company.    (1) For the quarter and year-to-date periods of 2007, diluted EPS was        computed using the number of common shares outstanding on the        spin-off-date.    Net income per share amounts may not foot since each is calculated    independently.    See notes to results of operations.                        Notes to Results of Operations    1. OTHER CHARGES AND CREDITS    Net income was affected by the following:

Write-down of goodwill and other intangible assets

In accordance with Financial Accounting Standards ("FAS") 142 and FAS 144,we perform annual impairment tests on Goodwill and also perform impairmenttests on other long-lived assets whenever events or circumstances indicate thecarrying amounts of the assets may not be recoverable. An impairment chargeis recorded when the fair value of an asset is below its carrying value.

Our fourth quarter 2008 operating results include a write-down ofShopzilla goodwill that reduced net income $244 million, $1.49 per share. Thecharge is a result of the changing environment for online comparison shoppingservices and the subsequent strategic repositioning of Shopzilla for long-termprofit growth.

During 2007, falling energy prices in the United Kingdom resulted in lessswitching activity and lower revenues at our uSwitch business. The declinesin energy switching activity and the negative impact this decline was expectedto have on uSwitch's future results resulted in the recording of a non-cashimpairment charge totaling $411 million. Net income was reduced by $382million, $2.33 per share.

Separation costs

As a result of the distribution of Scripps Networks Interactive, Inc.("SNI") to the shareholders of The E. W. Scripps Company ("E. W. Scripps"),SNI employees holding share-based equity awards, including share options andrestricted shares, have received modified awards in our Company's stock. UnderFAS 123(R), the adjustment to the outstanding share-based equity awards isconsidered a modification and incremental stock-based compensation expense isrecognized to the extent that the fair value of the awards immediately priorto the modification is less than the fair value of the awards immediatelyafter the modification. In the third quarter of 2008, we recorded a non-cashcharge of $4.9 million related to the modification of these stock-basedawards. Net income was reduced by $3.2 million, $.02 per share.

In the second quarter of 2008, E. W. Scripps redeemed their outstandingnotes which were previously allocated to us in our combined financialstatements. The associated loss on extinguishment from such redemption, whichis not expected to be deductible for income tax purposes, has been allocatedto us in our statement of operations resulting in a reduction to year-to-datenet income of $26.4 million, $.16 per share.

Other costs incurred in connection with the separation of the Company fromE. W. Scripps totaled $3.8 million in 2008 reducing year-to-date net income$2.5 million, $.02 per share.

Income tax adjustments

In the fourth quarter of 2007, we changed our estimate of the realizablevalue of certain uSwitch tax benefits recorded in prior periods. Net incomewas reduced by $9.5 million, $.06 per share.

2. SEGMENT INFORMATION

We determine our business segments based upon our management and internalreporting structure. Our reportable segments are strategic businesses thatoffer different products and services.

Lifestyle Media includes five national television networks, Internetbusinesses and other electronic content services primarily in the UnitedStates. Lifestyle Media also includes a 7.25% interest in FOX-BRV SouthernSports Holdings, which comprises the Sports South and Fox Sports Net Southregional television networks. Our networks also operate domestically andinternationally through licensing agreements and joint ventures with otherentities. We own approximately 69% of Food Network and approximately 94% ofFine Living.

Interactive Services includes our online comparison shopping services,Shopzilla, BizRate and uSwitch. Shopzilla and BizRate are product comparisonshopping services that help consumers find products offered for sale on theWeb by online retailers. Shopzilla and BizRate also operate a Web-basedconsumer feedback network which collects millions of consumer reviews ofstores and products each year. uSwitch operates an online comparison servicethat helps consumers compare prices and arrange for the purchase of a range ofessential home services including gas, electricity, home phone, broadbandproviders and personal finance products, primarily in the United Kingdom.

Our chief operating decision maker (as defined by FAS 131, "SegmentReporting") evaluates the operating performance of our business segments usinga measure we call segment profit. Segment profit excludes interest, incometaxes, depreciation and amortization, divested operating units, restructuringactivities, investment results and certain other items that are included innet income determined in accordance with accounting principles generallyaccepted in the United States of America.

Items excluded from segment profit generally result from decisions made inprior periods or from decisions made by corporate executives rather than themanagers of the business segments. Depreciation and amortization charges arethe result of decisions made in prior periods regarding the allocation ofresources and are therefore excluded from the measure. Financing, taxstructure and divestiture decisions are generally made by corporateexecutives. Excluding these items from our business segment performancemeasure enables us to evaluate business segment operating performance for thecurrent period based upon current economic conditions and decisions made bythe managers of those business segments in the current period.

    Information regarding the operating performance of our business segmentsdetermined in accordance with FAS 131 and reconciliation to our results ofoperations is as follows:    (in thousands)                                              Three months ended                                                 December 31,                                              2008          2007       Change    Segment operating revenues:      Lifestyle Media                        $340,254      $317,898      7.0 %      Interactive Services                     71,435        79,819    (10.5)%      Corporate      Intersegment eliminations                  (169)    Total operating revenues                 $411,520      $397,717      3.5 %    Segment profit (loss):      Lifestyle Media                        $176,271      $175,000      0.7 %      Interactive Services                     18,871        24,680    (23.5)%      Corporate                               (12,939)       (7,280)    77.7 %    Depreciation and amortization of     intangibles                              (19,335)      (21,950)   (11.9)%    Write-down of goodwill and intangible     assets                                  (243,700)     (411,006)    Gains (losses) on disposal of PP&E             47           (55)    Interest expense                             (898)       (7,662)   (88.3)%    Gains (losses) on repurchases of debt    Miscellaneous, net                          1,636           520    Income (loss) from continuing     operations before income taxes and     minority interests                      $(80,047)    $(247,753)   (67.7)%                                             Twelve months ended                                                 December 31,                                              2008          2007       Change    Segment operating revenues:      Lifestyle Media                      $1,312,313    $1,184,901     10.8 %      Interactive Services                    278,407       256,364      8.6 %      Corporate                                    86      Intersegment eliminations                  (169)    Total operating revenues               $1,590,637    $1,441,265    10.4 %    Segment profit (loss):      Lifestyle Media                        $647,557      $605,014     7.0 %      Interactive Services                     67,686        39,751    70.3 %      Corporate                               (49,178)      (35,006)   40.5 %    Depreciation and amortization of     intangibles                              (73,937)      (86,694)  (14.7)%    Write-down of goodwill and intangible     assets                                  (243,700)     (411,006)    Gains (losses) on disposal of PP&E           (788)         (687)   14.7 %    Interest expense                          (14,207)      (36,770)  (61.4)%    Gains (losses) on repurchases of debt     (26,380)        1,245    Miscellaneous, net                          2,266         2,706   (16.3)%    Income (loss) from continuing     operations before      income taxes and minority interests    $309,319       $78,553

Certain items required to reconcile segment profitability to consolidatedresults of operations determined in accordance with accounting principlesgenerally accepted in the United States of America are attributed toparticular business segments. Significant reconciling items attributable toeach business segment are as follows:

                                  Three months ended    Twelve months ended                                     December 31,           December 31,                                    2008       2007       2008        2007    (in thousands)    Depreciation:      Lifestyle Media               $6,399     $5,399   $24,330     $19,923      Interactive Services           6,972      6,104    26,738      20,323      Corporate                         90        320       259       1,002    Total depreciation             $13,461    $11,823   $51,327     $41,248    Amortization of intangibles:      Lifestyle Media               $1,270       $824    $3,979      $3,269      Interactive Services           4,604      9,303    18,631      42,177    Total amortization of     intangibles                    $5,874    $10,127   $22,610     $45,446    Losses (gains) on disposal of     PP&E:      Lifestyle Media                 $(43)      $103      $721        $172      Interactive Services              (3)       (36)       (3)        516      Corporate                         (1)       (12)       70          (1)    Losses (gains) on disposal of     PP&E                             $(47)       $55      $788        $687    Write-down of goodwill and     intangible assets            $243,700   $411,006  $243,700    $411,006    3. SUPPLEMENTAL FINANCIAL INFORMATION

Our Lifestyle Media division earns revenue primarily from the sale ofadvertising time in our national television networks' programming, affiliatefees paid by cable and satellite television operators that carry our networkprogramming, the licensing of its content to third parties, the licensing ofits brands for consumer products such as books and kitchenware, and from thesale of advertising on our Lifestyle Media affiliated Web sites (SN Digital).

    Supplemental information for Lifestyle Media is as follows:    (in thousands)                                             Three months ended                                                December 31,                                             2008         2007      Change    Operating revenues by brand:    HGTV                                    $148,846     $142,866      4.2 %    Food Network                             127,555      121,382      5.1 %    DIY                                       16,667       12,991     28.3 %    Fine Living                               12,827       11,085     15.7 %    GAC                                        7,087        6,133     15.6 %    SN Digital                                25,048       22,312     12.3 %    Other/intersegment eliminations            2,224        1,129     97.0 %    Operating revenues by type:    Advertising                             $263,060     $254,543      3.3 %    Affiliate fees, net                       70,379       58,297     20.7 %    Other                                      6,815        5,058     34.7 %    Subscribers (1):    HGTV    Food Network    DIY    Fine Living    GAC                                              Twelve months ended                                                December 31,                                              2008         2007      Change    Operating revenues by brand:    HGTV                                     $596,584     $549,641     8.5 %    Food Network                              485,914      436,354    11.4 %    DIY                                        64,005       48,879    30.9 %    Fine Living                                52,464       43,061    21.8 %    GAC                                        25,175       24,496     2.8 %    SN Digital                                 81,894       75,410     8.6 %    Other/intersegment eliminations             6,277        7,060   (11.1)%    Operating revenues by type:    Advertising                            $1,005,330     $928,221     8.3 %    Affiliate fees, net                       277,370      235,248    17.9 %    Other                                      29,613       21,432    38.2 %    Subscribers (1):    HGTV                                       97,700       95,800     2.0 %    Food Network                               97,900       95,800     2.2 %    DIY                                        49,400       46,900     5.3 %    Fine Living                                53,900       49,900     8.0 %    GAC                                        55,100       53,100     3.8 %    (1) Subscriber counts are according to the Nielsen Homevideo Index of        homes that receive cable networks, with the exception of Fine Living        which is not yet rated by Nielsen and represent comparable amounts        estimated by us.

SOURCE Scripps Networks Interactive Inc.

CONTACT: Mark Kroeger, Scripps Networks Interactive Inc.,+1-513-824-3227, mark.kroeger@scrippsnetworks.com

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