issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . january 2013 learn how and when to remove this template message this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . january 2013 learn how and when to remove this template message learn how and when to remove this template message scripps networks interactive type public traded as nyse sni s & p 500 component industry cable television interactive media founded july 1 2008 headquarters knoxville tennessee united states key people kenneth w. lowe chairman president & ceo burton jablin president scripps networks products hgtv food network diy network cooking channel uktv joint venture great american country travel channel tvn revenue us 2.5 billion 2013 1 operating income us 958.5 million 2013 1 net income us 683 million 2013 1 total assets us 4.4 billion 2013 1 total equity us 2.1 billion 2013 1 number of employees 2 200 2013 1 website www.scrippsnetworksinteractive.com scripps networks interactive is an american media company formed on july 1 2008 when the e. w. scripps company spun off its cable television division as a publicly traded company . 2 since launching hgtv in 1994 scripps networks diversified into lifestyle media developing relevant content for television internet satellite radio books magazines and on emerging media platforms.in addition to hgtv its lifestyle media brands include food network diy network cooking channel travel channel great american country and ulive . scripps is headquartered in knoxville tennessee . the company has additional office locations in new york city ; los angeles ; chicago ; san francisco ; chevy chase maryland ; atlanta ; detroit ; nashville ; cincinnati ; and offices in s o paulo brazil london uk and singapore . scripps networks chairman president and ceo is kenneth w. lowe who founded hgtv in 1994 . contents 1 company history 2 scripps networks interactive 3 references 4 external links company history edit scripps networks interactive s roots began in 1993 when the e. w. scripps company announced it would launch a 24 hour cable network in the fall of 1994 . on december 30 1994 hgtv went on the air to 6.5 million homes in 50 markets . in 1995 the official opening for hgtv s new headquarters in knoxville took place . the network reached into 10 million homes on november 1 of that year launched in canada and online with hgtv.com in 1996 and hit the 25 million subscriber mark in 1997 . also in 1997 scripps networks added its second network with the acquisition of food network . the year also saw hgtv execute its first hgtv dream home giveaway which received more than 1.2 million entries from across the country . by 2011 the number of entries had grown to nearly 80 million . 3 in 1999 scripps launched diy network described as the go to destination for rip up knock out home improvement television . with three brands now under the scripps networks umbrella a 12 million addition was made to the company s headquarters in knoxville to provide the infrastructure and technology to support the networks growth . both hgtv in november 2002 and food network in september 2003 reached full distribution clarification needed with 80 million subscribers apiece while food network followed hgtv s footprint into canada by launching food network canada at the end of 2002 . the first half of the decade also saw scripps networks add its fourth and fifth networks to its mix fine living network 2002 and great american country 2004 . a few months after the acquisition of great american country scripps networks announced the move of the network s headquarters from denver colorado to nashville tennessee . in 2008 scripps networks interactive split from the e.w. scripps company and received its own listing on the nyse as ticker symbol sni . the year also saw great american country reach 50 million subscribers with diy network reaching the 50 million subscriber mark in 2009 . scripps networks acquired a majority interest in the travel channel from cox communications for a reported 975 million 4 in late 2009 and the following year rebranded fine living network as cooking channel . on february 8 2011 the company s headquarters facility in knoxville was awarded the leadership in energy and environmental design leed gold certification established by the u.s. green building council usgbc and verified by the green building certification institute gbci . in april 2011 scripps announced the sale of shopzilla to symphony technology group for 165 million . scripps from within its travel channel unit also invested in oyster.com a hotel research and booking site . 5 on august 15 2011 virgin media agreed to sell its 50 % stake in uktv to scripps networks in a deal worth 339m . scripps paid 239m in cash and about 100m to acquire the outstanding preferred stock and debt owed by uktv to virgin media . 6 completion of the transaction was contingent on regulatory approvals in ireland and jersey which was received on october 3 2011 . 7 related to the transaction scripps networks and bbc worldwide are negotiating an agreement whereby after completion bbc worldwide would have the option via a combination of cash and a package of digital rights for uktv to increase its shareholding from 50 percent to a maximum of 60 percent . scripps networks existing voting rights and board representation would be unaffected by this proposed arrangement which would be subject to bbc executive and bbc trust approvals . on march 22 2012 scripps networks announced that it had agreed to pay 65m us 102.7 m to acquire travel channel international limited the uk based distributor of the travel channel brand across the europe middle east africa and asia pacific markets . 8 the deal was completed on may 1 2012 following regulatory approval . 9 the international channel will be integrated with scripps networks own travel channel . on december 11 2012 one kings lane a home decor website announced that scripps networks had invested in its series d financing . scripps networks invested 15m in exchange for a 3 % equity stake in the company . 10 on june 5 2013 scripps networks launched ulive a digital only lifestyle video brand that combines video content from scripps networks media brands with premium third party videos and original series . consisting of ulive.com this premium video portal and distribution network expands on scripps networks food home and travel verticals adding coverage for topics including parenting and wellness . 11 scripps networks interactive edit scripps networks has launched food network in the united kingdom and other european markets as well as in the middle east and africa . the company recently acquired a 50 percent interest in uktv one of the u.k. leading multi channel television programming companies . scripps networks is also preparing to launch food network in indonesia bringing the channel to five countries in asia in one year s time . scripps networks channels are also available through outlets on u.s. military bases and u.s. embassies around the world via the american forces network . in may 2013 the company announced that it will open a brazilian headquarters in s o paulo 12 and has appointed the former vice president of strategy of fox as managing director . 13 scripps networks will broadcast its channels to the entire latin america region . 12 on 2 july 2015 sni finalized acquisition of 100 % stake in n vision company which has 52.7 % stake in polish television group tvn . 14 tvn group broadcasts 12 channels in poland including tvn tvn 24 and tvn 24 bis . references edit a b c d e f scripps networks interactive . forbes . paidcontent.org article . hgtv.com blog entry . businessinsider.com article . travel channel invests in oyster.com . the new york times . april 25 2011 . scripps networks interactive and virgin media agree on uktv transaction . virgin media . 15 august 2011 . scripps networks interactive and virgin media complete uktv transaction . marketwatch . 3 october 2011 . scripps buys travel channel int l . c21media . 22 march 2012 . scripps networks interactive completes travel channel international acquisition . new york times . 1 may 2012 . home decor ecommerce company one kings lane raises 50m from scripps networks ivp kleiner greylock . 11 december 2012 . scripps networks interactive debuts ulive video site . 13 october 2013 . a b kimenez keila . chega ao brasil nova programadora de tv paga . folha de s. paulo . folha.com . retrieved 27 march 2013 . scripps networks contrata m rcio fonseca como managing director . tela viva . retrieved 27 march 2013 . scripps networks interactive sfinalizowa przej cie tvn . retrieved 2015 07 03 . external links edit official website official website of ulive official website of food.com official website of frontdoor.com v t e scripps networks interactive cable television hgtv diy network food network 70 % canada 19.84 % cooking channel travel channel great american country uktv 50 % travel channel international retrieved from https en.wikipedia.org w index.php title scripps networks interactive & oldid 738803136 categories companies listed on the new york stock exchangecompanies established in 2008companies based in knoxville tennesseescripps cable networksamerican cable network groupsmedia companies of the united stateshidden categories articles needing additional references from january 2013all articles needing additional referencesarticles with a promotional tone from january 2013all articles with a promotional tonepages using infobox company with unsupported 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