Scripps Cautious When It Comes to Buying Tribune's Stake in Food

Scatter pricing, upfront pricing both up

Scripps Networks Interactive CFO Joe NeCastro said today that the company was in no hurry to buy the remaining stake in Food Network still owned by Tribune on the company's second-quarter earnings call. "We're not gonna do anything overly aggressive to overpay for that network," he told investors. "We are keenly aware of the benefits of increased leverage; we just want to make sure we're using it most appropriately."

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in