7 February 2013 4:37 AM, PST | Deadline TV | See recent Deadline TV news »

The cable networks company’s year-end results missed analysts’ targets, although revenues increased at all of its major networks. Operating income fell, but with income tax adjustments folded in Scripps Networks generated a net profit of $344.5M, +93.3% vs the last three months of 2011, on revenues of $604.7M, +9.2%. Analysts expected revenues to come in higher at $613.9M. Excluding one-time items, earnings came in at 84 cents a share, below forecasts for 92 cents. The company’s ad sales increased 4.3% to $409.4M while payments from pay TV distributions were up 14.8% to $166.9M. Scripps notes, though, that its Q4 expenses were up 14% to $339M largely due to “higher employee costs and investments in planned domestic and international growth initiatives” as well as programming and marketing expenses “to drive viewership at all of the company’s lifestyle television networks.” Looking an the key individual services, revenues were up 5.2% to $214.6M at Food Network, 5.1% to $200.2M at Hgtv, »

- DAVID LIEBERMAN, Executive Editor

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