The Scripps formula is really pretty simple. Our lifestyle content appeals to the kind of upscale female audience advertisers want to reach. Our networks don't depend on one or two 'hit' shows to drive ratings. The audience is fairly consistent night after night.
HGTV reached ratings records, a trend we've observed for many months, and one that continued into second quarter. Travel Channel continued its growth trend, and is attracting more female viewers, thanks to a slew of new programs and consistent scheduling. Food Network is doing a better job attracting younger viewers -- the so-called 'Millennials.'
While 'cord-cutting' remains an industry concern, our networks appear less susceptible because of the upscale nature of the audience. Moreover, our channels are included in nearly all of the 'skinny bundle' packages offered by several distributors.
Our international business is picking up steam, led by solid performance at TVN in Poland and UKTV in the United Kingdom.
All this came together to drive a record quarter for the company and to validate the hard work of some 3,000 employees worldwide. As CEO Ken Lowe noted: "The consistent financial performance that our networks produce demonstrates our ability to deliver on our proven strategy of developing lifestyle content and creating deeper connections with consumers around the world."