Scripps, Tribune Extend Food Network Partnership

By Jon Lafayette
( Broadcasting & Cable )
published

Scripps Networks Interactive and Tribune Media Co. Friday said they signed a multi-year extension of their partnership in Food Network.

Scripps Networks owns an 80% stake in Food Network and has expressed an interest in acquiring the remaining stake from Tribune at the right price.

Financial details of the extended partnership were not disclosed. The old deal ran through December. The new deal concluded in 2020.

“Food Network is the strongest food media brand across the globe and continues to grow its footprint around the world,” said Ken Lowe, CEO of Scripps Networks Interactive. “We are very happy to be able to continue our long relationship with Tribune Media to grow this business for the long-term.”

“We’re extremely pleased to be extending our partnership with Scripps Networks Interactive for Food Network, which has become the gold standard for cable networks of all kinds,” said Peter Liguori, Tribune Media’s president and CEO. “We look forward to continued success in the years ahead.”

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.