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Scripps Networks Interactive's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Let me remind you, if you prefer to listen in via the Internet, go to our website, click on Investor Relations and find the microphone icon on the landing page. Additionally on the page, under the microphone icon, you'll find our first quarter earnings presentation materials that we'll be referring to during the prepared remarks portion of our call. An audio archive will be available on the site later today and we'll leave it there for 2 weeks so you can access it at your convenience.

Our discussion this morning will contain certain forward-looking statements. Actual results may differ from those predicted, and some of the factors that may cause results to differ are set forth in our publicly filed documents, including our Form 10-K.

And with that, I'll turn it over to Ken.

Kenneth W. Lowe

All right, Mark, thank you, and good morning, all. As always, we really appreciate your interest in Scripps Networks Interactive. We just completed a terrific quarter. double-digit growth in advertising revenue, double-digit growth in affiliate fee revenue, double-digit growth in advertising sales on our interactive platforms and double-digit growth in earnings from our key partnerships and the list goes on. All driven by the remarkable power of our lifestyle brands to engage consumers in the deeply meaningful content categories of home, food and travel. Fans incorporate our brands literally into their daily lives, we influence the foods they eat, the homes they live in and the places they travel to, and we're reaching those media consumers around the world by the millions across multiple platforms, television, via the Internet, mobile apps and our successful magazines. That high level of engagement is rare for television networks and that's why our brands are must buys for advertisers and must carries for distribution partners.

Our brands are really ubiquitous, authoritative and consumers rely on us for valuable information and inspiration. In a world about lifestyle, it's what we do, and based on our consistently strong operating results, let's say we do it pretty well.

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