Scripps Networks Interactive
Scripps Networks Interactive, Inc. (SNI) was an American mass media company, which was formed on July 1, 2008, and acquired by and merged into Discovery Communications on March 6, 2018. It was formed in 2008, through the spin-off of the E. W. Scripps Company's cable television networks and online assets. Discovery Communications completed its acquisition of SNI after receiving approval from the United States Department of Justice and European Commission on March 6, 2018. It was the owner of several major factual television cable channels, including Food Network, HGTV and Travel Channel, and operated or held stakes in localized international versions of these brands. SNI also owned Polish broadcaster TVN and half of the British channel group UKTV.
| Company type | Public |
|---|---|
| Nasdaq: SNI | |
| ISIN | US8110651010 |
| Industry |
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| Predecessor | E. W. Scripps Company |
| Founded | July 1, 2008 |
| Defunct | March 6, 2018 |
| Fate | Acquired by and merged into Discovery Communications |
| Successor | Discovery, Inc. (2018–2022) Warner Bros. Discovery (2022–present) |
| Headquarters | Knoxville, Tennessee, United States |
Key people |
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| Revenue | US$ 2.5 billion (2013) |
| US$ 958.5 million (2013) | |
| US$ 683 million (2013) cs | |
| Total assets | US$ 4.4 billion (2013) |
| Total equity | US$ 2.1 billion (2013) |
Number of employees | 3,600 (2017) |
SNI was headquartered in Knoxville, Tennessee. The company had additional office locations in New York City; Los Angeles; Chicago; San Francisco; Chevy Chase, Maryland; Atlanta; Detroit; Nashville; Cincinnati; and offices in São Paulo (Brazil), London (UK) and Singapore.
On July 31, 2017, Discovery Communications announced its intent to acquire SNI. After receiving approval from the United States Department of Justice and European Commission, the sale was completed on March 6, 2018, after which the company changed its name to Discovery, Inc.