scripps networks inter-cl a (SNI) Key Developments
Scripps Networks Interactive Mulls Acquisitions
Jul 6 15
Scripps Networks Interactive, Inc. (NYSE:SNI) will continue with its current strategy, which also foresees acquisitions.
Scripps Networks Interactive, Inc. Enters into a $250 Million Senior Unsecured Term Loan Agreement
Jun 30 15
On and effective June 26, 2015 Scripps Networks Interactive, Inc. entered into a $250 million senior unsecured term loan agreement with various financial institutions and Wells Fargo Bank, National Association as agent. The Term Loan has a maturity date of June 26, 2017 with outstanding borrowings incurring interest at LIBOR plus a range of 62.5 to 137.5 basis points, subject to credit ratings. The Term Loan includes certain customary affirmative and negative covenants, including limitations on additional indebtedness. The proceeds of the Term Loan are anticipated to be used for general corporate purposes, including certain acquisitions as permitted under the agreement.
Verizon and Scripps Networks Interactive Turn Up Mobile Video Offering with Agreement
Jun 25 15
Verizon has announced a multi-year content licensing agreement with Scripps Networks Interactive, one of the world's leading developers of lifestyle video content, for Verizon's mobile first video offering. The agreement includes content from Scripps Networks Interactive brands including Food Network, HGTV, Travel Channel, DIY Network and Cooking Channel and will be available to Verizon Wireless customers later in 2015. More than 45 compelling lifestyle series will be available for streaming on the mobile first video offering including House Hunters, (HGTV), Cutthroat Kitchen (Food Network), Bizarre Foods, (Travel Channel), Rehab Addict (DIY Network) and My Grandmother's Ravioli (Cooking Channel).
Scripps Networks Interactive, Inc. Presents at Bernstein Global Future of Media & Telecom Summit, Jun-24-2015 01:15 PM
Jun 16 15
Scripps Networks Interactive, Inc. Presents at Bernstein Global Future of Media & Telecom Summit, Jun-24-2015 01:15 PM. Venue: Taj Boston, 15 Arlington Street, Boston, MA 02116, United States. Speakers: Tamara Franklin, Executive Vice President of Digital.
Scripps Networks To Delist TVN
Jun 9 15
Scripps Networks Interactive, Inc. (NYSE:SNI) will launch a tender offer for the remaining stake in TVN Spolka Akcyjna (WSE:TVN) and delist it. The deal is contingent on Scripps first completing its purchase of a 52.7% stake in TVN from International Trading and Investments Holdings S.A. and the CANAL + SA. Scripps Networks has not yet decided what it will offer for TVN stock.