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Scripps Networks Interactive (NYSE: SNI) is an American media company formed on July 1, 2008 as a spin out of the E.W. Scripps Company. The company is headquartered inside the Scripps Center in Cincinnati, Ohio, USA. Among its portfolio of assets are Travel Channel, HGTV, Food Network, DIY, Fine Living, Great American Country, Shopzilla, uSwitch; associated websites; associated HD simulcast channels; and new media content using the SNI asset portfolio. It also operates independent websites frontdoor.com, recipezaar.com, and ecologue.com. On November 5, 2009 it was announced that Scripps Networks Interactive paid $1.1 billion for a 65% interest in the Travel Channel. [1] On 20 November 2009, it was announced that Scripps Networks Interactive had bought a 69 per cent stake in NDTV Group's lifestyle content's subsidiary - NDTV Lifestyle.[2] The transaction, to be completed by the end of the first quarter of 2010, is worth at $55 million. SNI's Chairman and CEO is Kenneth W. Lowe. [edit] References
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