Scripps Networks Interactive’s cable networks registered higher revenues and a small increase in profit in the fourth quarter, as the company reported a net loss of $154 million, TelevisionWeek reports. The loss was caused by writedowns related to asset impairment charges. Without the charges, net income was up 10%, the company says. Bucking the recession, operating revenue was up 4.2% at HGTV and increased 5.1% at Food Network, while the company’s smaller networks posted double-digit gains. The company’s earnings announcement can be read here.
—Jon Lafayette