Lowe: Food Can Be a $1 Billion Network

Scripps chief says Travel poised for growth

Scripps Networks Interactive chairman and CEO Ken Lowe told
an audience at an industry conference Tuesday that he expects the programmer's
flagship Food Network could grow to $1 billion in revenue over the next few

At the UBS Global Media and Communications Conference in New
York, Lowe said he would be "disappointed" if Food didn't top the $1 billion
mark in two to three years.

According to Scripps 2011 annual report, Food tallied about
$745 million in total revenue in 2011, up about 12.1% from the year before. In
the first nine months of 2012, the network reported revenue of about $616
million, up 13.8% from the prior year.

Click here to read the full story at Multichannel News.