Scripps Networks Interactive said it will change its common stock listing from the New York Stock Exchange to the NASDAQ Global Select Market later this month.
According to the company, SNI expects its common stock to cease trading on the NYSE effective at the market close on March 14 and to begin trading on the NASDAQ exchange on March 15. The company will retain its current ticker symbol “SNI.”
“We are excited to join the world’s most innovative companies listed on Nasdaq,” said SNI chairman and CEO Ken Lowe in a statement. “Nasdaq provides the deepest pool of liquidity in the U.S. market and a comprehensive suite of trading, visibility and corporate solutions powered by cutting-edge technology. We look forward to our partnership to further reach investors and customers worldwide.”
“Nasdaq is proud to be the listing venue of choice for Scripps Networks Interactive and a dedicated business partner for the company and its shareholders,” said NASDAQ chief operating officer Adena Friedman in a statement. “As the media industry evolves, Nasdaq remains committed to supporting innovators like Scripps Networks Interactive as they transform our entertainment experiences and continue to deliver captivating lifestyle content to their audiences in the U.S. and abroad.”
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