The market for television content is surging. Advertising revenue is picking up, and cable affiliate fees continue to creep higher. In the video below, Fool contributor Demitrios Kalogeropoulos argues that Scripps Networks Interactive (NASDAQ: SNI ) is in a prime position to gain from these trends, which are powered by a growing appetite for quality broadcast content.
Demitrios gives viewers three reasons to take a closer look at Scripps. The network's HGTV and Food Network channels are booking great viewership numbers, for one. Second, Scripps' valuation looks compelling when compared to other media companies. And third, Scripps' profitability has been soaring, and could surpass expectations on strong seasons to close out this year.
Americans reportedly spend nearly 34 hours a week watching television! With television viewing taking up almost as much time as the average work week, the potential for profits in the space is enormous. The Motley Fool's top experts have created a new free report titled "Will Netflix Own the Future of Television?" The report not only outlines where the future of television is heading, but offers top ideas for how to profit. To get your free report, just click here!