Q2 Profits Up at Scripps Networks Interactive

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Scripps Networks Interactive increased profits to $79.5 million up from $53.3 million in the second quarter.

The company houses HGTV and Food Network, and has been more insulated from the recession because of its TV stable's focus on close to home activities.

The company's lifetime segment which includes services such as DIY and Fine Living saw a slight fall in profit with the segment off at $172 million compared to $175 million in the previous period.

Despite advertiser cutbacks the networks have fared relatively well, suffering only a 4% decline in ad revenue. First quarter ad revenue was off 4.6%.

Read more at B&C here.