Exhibit 99

Scripps Networks Interactive reports second quarter 2015 financial results

For immediate release

Aug 4, 2015

KNOXVILLE, Tenn. — Scripps Networks Interactive, Inc. (NYSE: SNI) today reported second-quarter 2015 operating results.

Consolidated revenues for the quarter increased $24.0 million, or 3.4 percent, to $732.1 million from the prior-year period. Results for the three-month period ended June 30 include advertising revenue of $502.9 million, up $5.9 million, or 1.2 percent, over last year and affiliate fee revenue of $215.2 million, up $17.2 million, or 8.7 percent, year over year.

Cost of services and selling, general and administrative expenses for the quarter decreased $15.3 million, or 3.9 percent, to $373.6 million from the prior-year period, driven by a reduction in on-going employee costs as a result of the restructuring program executed in the fourth quarter of 2014. Included in the second quarter of 2015 were:

Included in the second quarter of 2014 were:

Excluding the impact of these items in their respective periods, cost of services and selling, general and administrative expenses would have decreased $15.1 million, or 4.0 percent, to $364.0 million.

Total segment profit increased $39.2 million, or 12.3 percent, to $358.5 million, reflecting the lower selling, general and administrative expenses from the previously announced restructuring program.

Second-quarter net income attributable to Scripps Networks Interactive was $193.7 million, or $1.49 per diluted share, compared with $153.8 million, or $1.07 per diluted share, in the prior year. Earnings in the second quarter of 2015 were:

Earnings in the second quarter of 2014 were:

Excluding the impact of these items in their respective periods, net income attributable to Scripps Networks Interactive would have been $191.3 million, or $1.47 per share, in the second quarter of 2015 compared with $163.5 million, or $1.14 per share, in the second quarter of 2014.

“These results validate the continued strength of our brands, fortified by the close relationships we’ve forged with millions of engaged, upscale consumers, and the advertisers and distributors that want to reach them,” said Kenneth W. Lowe, chairman, president and chief executive officer. “We’re confident we can extend that influence as we continue to grow internationally, reach new audiences who seek out our valued content on a variety of delivery platforms, and build long-term shareholder value.”

HGTV marked 13 consecutive months of ratings growth and scored the second-best quarter in the network’s 20 year history. Both HGTV and Food Network finished in the top 10 among all ad-supported cable networks in the key adult and women 25-54 demos. DIY Network,

Cooking Channel and Great American Country all reached near-record high ratings. Subsequent to the end of the second quarter of 2015, Scripps Networks Interactive closed on its acquisition of a 52.7 percent ownership of TVN, Poland’s premier multi-platform media company, and made a public tender offer to purchase the remaining outstanding shares of TVN. Scripps also continued its international growth with new network launches in Europe, Asia-Pacific and Latin America.

Segment results

Lifestyle media revenues for the second quarter of 2015 increased $22.3 million, or 3.2 percent, to $710.0 million, primarily driven by affiliate fee revenue growth. Total advertising revenue for the lifestyle media segment increased $6.8 million, or 1.4 percent, to $496.9 million, reflecting softness in the advertising market and audience delivery issues at some networks. Affiliate fee revenue grew $15.9 million, or 8.5 percent, to $203.4 million due to annual contractual rate increases and non-linear revenues recorded in the second quarter of 2015.

Lifestyle media segment profit increased $33.6 million, or 9.4 percent, to $392.2 million. This reflects the revenue growth, coupled with decreases in selling, general and administrative expenses.

Corporate and other includes the results of the lifestyle-oriented channels operated internationally. Corporate and other revenues increased $1.6 million, or 7.8 percent, to

$22.1 million, driven by expanding international operations.

Corporate and other segment loss decreased $5.7 million, or 14.4 percent, to $33.7 million compared with the second quarter of 2014, primarily driven by costs related to the termination of certain third-party service provider contracts in the second quarter of 2014.

2015 Updated Full-year Guidance

While the underlying expectations for the business have not changed, we have updated full year 2015 guidance as a result of the TVN acquisition on July 2, 2015. The company now expects:

The company reiterated its previously issued effective tax rate guidance of 30 percent to 32 percent. Additionally, once all purchase accounting adjustments are complete, the company expects to update its previously issued depreciation and amortization guidance of $115 million to $125 million on its third quarter earnings call.

Conference call

The senior management team of Scripps Networks Interactive will discuss the company’s second quarter results during a telephone conference call at 10 a.m. ET today. Scripps Networks Interactive will offer a live webcast of the conference call. To access the webcast, visit www.scrippsnetworksinteractive.com and follow the Investors link at the top of the page. The webcast link can be found next to the microphone icon on the investor relations landing page.

To access the conference call by telephone, dial (800) 288-8968 (U.S.) or (612) 332-0802 (international) approximately ten minutes before the start of the call. Callers will need the name of the call, "SNI Second Quarter Earnings Report," to be granted access. Callers also will be asked to provide their name and company affiliation. The media and general public are granted access to the conference call on a listen-only basis.

A replay line will be open from 12:15 p.m. on Aug 4 until 11:59 p.m. EDT on Aug 18. The domestic number to access the replay is (800) 475-6701, and the international number is   (320) 365-3844. The access code for both numbers is 365051.

A replay of the conference call will also be available online. To access the audio replay, visit www.scrippsnetworksinteractive.com approximately four hours after the call, choose the Investors page, then follow the Audio Archives link at the top of the Investor Relations page.

Forward-looking statements

This press release contains certain forward-looking statements related to the company’s businesses that are based on management’s current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties, including changes in advertising demand and other economic conditions that could cause actual results to differ materially from the expectations expressed in forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. The company’s written policy on forward-looking statements can be found on page F-4 of its 2014 Form 10-K filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly update any forward-looking statements to reflect events or circumstances after the date the statement is made.

About Scripps Networks Interactive
Scripps Networks Interactive (NYSE: SNI) is one of the leading developers of engaging lifestyle content in the home, food and travel categories for television, the Internet and emerging platforms. The company's lifestyle media portfolio comprises popular television and Internet brands HGTV, DIY Network, Food Network, Cooking Channel, Travel Channel and Great American Country, which collectively engage more than 190 million U.S. consumers each month. International operations include TVN, Poland’s premier multi-platform media company; UKTV, an independent commercial joint venture with BBC Worldwide; Asian Food Channel, the first pan-regional TV food network in Asia; and lifestyle channel Fine Living. The company’s global networks and websites reach millions of consumers across North and South America, Asia, Europe, the Middle East and Africa. Scripps Networks Interactive is headquartered in Knoxville, Tenn. For more information, please visit http://www.scrippsnetworksinteractive.com.

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Contact: Scripps Networks Interactive, Inc.

Investors: Mike Gallentine, 865-560-4473, mgallentine@scrippsnetworks.com

Media: Dylan Jones, 865-560-5068, DJones@scrippsnetworks.com, or

Lee Hall, 865-560-3853, LHall@scrippsnetworks.com

NON-GAAP FINANCIAL MEASURES

Our chief operating decision maker evaluates the operating performance of our businesses and makes decisions about the allocation of resources to the businesses using a measure we call segment profit. Segment profit excludes interest, income taxes, depreciation and amortization, divested operating units, investment results and certain other items that are included in net income determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”).  

Items excluded from segment profit generally result from decisions made in prior periods or from decisions made by corporate executives rather than the managers of the businesses. Depreciation and amortization charges are the result of decisions made in prior periods regarding the allocation of resources and are, therefore, excluded from the measure. Financing, tax structure and divestiture decisions are generally made by corporate executives. Excluding these items from the performance measure of our businesses enables us to evaluate operating performance based upon current economic conditions and decisions made by the managers of those businesses in the current period.

In the fourth quarter of 2014, we made changes to our management reporting structure related to operating results from our uLive business. In conjunction with this change in our reporting structure, we now report the results of uLive within the lifestyle media segment rather than the corporate and other caption. For comparability purposes, prior year segment results have also been reclassified to reflect the impact of this management reporting change. This reclassification only affects our segment reporting and does not change our consolidated operating revenues, operating income or net income.

A reconciliation of segment profit to operating income determined in accordance with GAAP for each business segment is as follows:

We define free cash flow as cash provided by operating activities less dividends paid to non-controlling interests and acquisitions of property and equipment. We measure free cash flow as we believe it is an important indicator for management and investors as to our liquidity, including our ability to reduce debt, make strategic investments and return capital to shareholders. A reconciliation of free cash flow is as follows:

Since segment profit and free cash flow are non-GAAP measures, they should be considered in addition to, but not as a substitute for, operating income, net income, cash flow provided by operating activities and other measures of financial performance reported in accordance with GAAP.

The table below reconciles certain non-GAAP measures related to TVN transaction and integration expenses, TVN derivative contracts, foreign currency effects on TVN funds, restructuring costs and contract termination costs with the most directly comparable GAAP financial measures: cost of services, excluding depreciation and amortization of intangible assets, selling general and administrative, net income attributable to SNI and diluted earnings per share.