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Scripps Networks Interactive Lowers Its Outlook as It Agrees to Merge With Discovery

TheMotleyFool

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Scripps Networks Interactive Lowers Its Outlook as It Agrees to Merge With Discovery

Scripps Networks (NASDAQ: SNI) stock shot to a new high this week after it agreed to be purchased by fellow pay-TV-specialist Discovery (NASDAQ: DISCK). Yet Scripps paired that good news with preliminary second-quarter earnings results that showed continued operating challenges stemming from a shrinking pool of cable TV subscribers. Here's how the headline numbers stacked up against the prior-year period:

Metric

Q2 2017

Source: Fool.com