Analyst: SNI nets make attractive acquisition targets

06/22/2009 | Multichannel News

While Scripps Networks Interactive has done nothing to indicate it is up for sale, Collins Stewart media analyst Tom Eagan said that the company's popular programming on networks such as HGTV and Food could make it an attractive acquisition target for companies such as Time Warner, NBC Universal and DirecTV. Eagan, who put a "buy" recommendation on SNI's stock, said that both networks stood to see significant carriage-fee increases when current contracts expired at year's end.

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