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Scripps blames second quarter drop on consolidations


Bulked-up pay-TV providers are starting to weigh on programmers. Scripps Networks Interactive, owner of HGTV and Food Network, on Tuesday reported a surprising drop in distribution revenue in the second quarter. Scripps called it a “one-time rate equalization” and blamed it on consolidation among pay-TV distributors — without naming names. But analysts attributed the dip...
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Source: New York Post


22:29, August 9, 2016 Claire Atkinson

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