NeCastro to retire from Scripps Networks Interactive
09 February 2016 - 2:04AM
Business Wire
Joseph G. NeCastro is retiring from Scripps Networks
Interactive, after thirteen years with the Scripps group of media
companies during which he has served as Chief Financial &
Administrative Officer and Chief Development Officer.
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Joseph G. NeCastro is retiring from
Scripps Networks Interactive where he has served as Chief Financial
& Administrative Officer and Chief Development Officer. (Photo:
Business Wire)
NeCastro most recently led the successful acquisition of TVN,
the leading multi-platform Polish media company, which was bought
by Scripps Networks Interactive last year. He was instrumental in
establishing the company’s commercial joint venture in the United
Kingdom with BBC Worldwide through the acquisition of the company’s
50 percent stake in UKTV in 2011, and also led Scripps Networks’
investment in businesses such as Tastemade, Food52 and
Refinery29.
The company’s international division, headed by President of
Scripps Networks International Jim Samples, will now report
directly to Kenneth W. Lowe, Chairman, President and CEO of Scripps
Networks Interactive. Samples also will be appointed to succeed
NeCastro as Chairman of the board of TVN.
Mark Hale, Executive Vice President, Global Operations and Chief
Technology Officer, will also report to Lowe, while Scripps
Networks’ corporate development and early stage investment strategy
will continue to be headed by Julie Yoo, Senior Vice President of
Corporate Development. Yoo will report to Chief Financial Officer
Lori Hickok.
NeCastro will advise Scripps Networks Interactive as a
consultant to its international division, as the business pursues
its growth strategy through acquisitions and the rollout of
existing networks on a global basis.
“Joe NeCastro is a world-class corporate finance and development
executive who has been one of the key forces behind the company’s
rapid growth into new global markets,” said Lowe. “Our business has
undergone transformational international growth over recent years,
and has taken its place as the world’s leading lifestyle media
company. Joe has helped create tremendous value for the company and
its shareholders during his time here, and we are well positioned
to build on the achievements of the team over the coming
years.”
NeCastro joined the Scripps media companies in 2002 as Chief
Financial Officer for The E. W. Scripps Company, the former parent
for Scripps Networks Interactive. He was named Chief Financial and
Administrative Officer for Scripps Networks when it was spun out
from The E. W. Scripps Company in 2008 as an independent, publicly
traded company. NeCastro was instrumental in designing and
overseeing the transaction that resulted in the spin off. He was
named Chief Development Officer in February 2015.
Prior to joining Scripps, NeCastro served as Chief Financial
Officer for Penton Media, Inc., where he played a leading role in
the execution of Penton's spin-off and initial stock offering, as
well as more than 20 acquisitions. He previously held senior
financial positions at Reader's Digest, and U.S. News & World
Report.
NeCastro also serves on the board of trustees of Mercyhurst
University.
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 scrippsnetworksinteractive.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160208005807/en/
Scripps Networks InteractiveInvestors:Mike Gallentine,
865-560-4473mgallentine@scrippsnetworks.comorMedia:Dylan Jones,
865-560-5068DJones@scrippsnetworks.com
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