• by Wayne Friedman , February 9, 2012

Cable network group Scripps Networks Interactive said advertising grew by double-digit percentages in the fourth quarter of 2011 -- and much of the same is expected in 2012.

Advertising revenues gained 11% to $394 million at its cable networks -- including HGTV, Food Network, DIY Network and Cooking Channel, Travel Channel and Great American Country.

Fees from cable operators for carrying Scripps networks grew less quickly, 5.7% to $147 million. Overall revenue was up 10% to $553 million, with net income climbing 3.4% to $135 million.

Scripps Networks Interactive said it forecast revenue gains of 8% to 10% in 2012 with programming expenses expected to climb 13% to 15%.

Food Network was the company's best performer during the period, up 15% to $204 million; HGTV grew revenue 8.1% to $191 million; Travel Channel slipped 1.4% to $67.2 million; DIY Network climbed 18% to $26.9 million; Cooking Channel grew 14% to $17.8 million; and Great American Country (GAC) was off 15% to $6.6 million.

Scripps' digital businesses witnessed advertising revenue up 4.1% to $30.4 million.

Ken Lowe, chairman, president and CEO, stated: "Our consistent track record of double-digit revenue and segment profit growth continued during the three-month period, and contributed to a very good 2011."