CINCINNATI--(BUSINESS WIRE)--
Scripps Networks Interactive Inc. (NYSE: SNI), which has identified
international expansion as one of its key growth strategies, will launch
Food Network in Asia on Jan. 1, 2010.
The new Food Network channel, which will be programmed and versioned for
specific countries, will be distributed through MEASAT Satellite Systems
and Ascent Media. The ad-supported service will be available in high
definition (HD).
"Given the remarkable success of the Food Network brand in the United
States, it's natural to bring this popular genre to Asia where food is
such an important part of culture and tradition," said Greg Moyer,
president of the company's international development division, Scripps
Networks International. "Food Network is an obvious and logical choice
for international distribution given its universal appeal and tremendous
brand power. Our objective is to aggregate an engaged and growing
audience of passionate 'foodies' across the globe."
Plans for the Asian version of the Food Network include original
programming from the regions it will reach, as well as relevant shows
that were produced for U.S. audiences.
Scripps Networks Interactive is the majority and controlling owner of
the Food Network in the United States. Available in more than 99 million
U.S. television households, Food Network has been widely credited for
redefining the television food genre and for launching the careers of
many of the country's best-known celebrity chefs. Previously, the
company concentrated on syndicating its branded programming
internationally. Scripps Networks programming has been successfully
syndicated to 170 countries.
This distribution agreement represents a new direction for the company's
international development efforts, which are now focused on identifying
distribution and programming partners around the globe and investing in
existing or new lifestyle channels. Last month, Scripps announced its
first channel carriage outside North America: a joint venture with
Chello Zone to launch Food Network in Europe, Africa and the Middle
East. To kick off the deal, Food Network premiers in the United Kingdom
Nov. 9.
Looking to further capitalize on a growing appetite for food TV, the
company recently announced plans to launch the Cooking Channel
domestically in third quarter next year. The 24-hour network will cater
to avid food lovers by offering food information and instructional
cooking programming.
About Scripps Networks Interactive
Scripps Networks Interactive is one of the leading developers of
lifestyle-oriented content for television and the Internet, where on-air
programming is complemented with online video, social media areas and
e-commerce components on companion Web sites and broadband vertical
channels. The company's media portfolio includes: Lifestyle Media, with
popular lifestyle television and Internet brands HGTV, Food Network, DIY
Network, Fine Living Network (FLN) and country music network Great
American Country; and Interactive Services, with leading online search
and comparison shopping services BizRate and Shopzilla.
If you are a member of the media, please log on to the Scripps
Networks Online Media Center (http://newsroom.scrippsnetworks.com)
for the latest brand news, useful photos and graphics, detailed
programming information, contacts and current research. Investor
Relations information including press releases, SEC filings and
financial reports, can be found at the company's corporate Web site, http://www.scrippsnetworksinteractive.com.
Scripps Networks Interactive
Mark Kroeger, 513-824-3227
mark.kroeger@scrippsnetworks.com
or
Scripps
Networks
Cindy McConkey, 865-560-3976
cmcconkey@scrippsnetworks.com
Source: Scripps Networks Interactive Inc.
<<Business Wire -- 11/05/2009>>