On August 1, 2012, Scripps Networks Interactive, Inc. (the "Company") amended its employment agreement with Kenneth W. Lowe, Chairman, President and Chief Executive Officer. The amendment extended the term of Mr. Lowe's employment to December 31, 2015, with an automatic renewal of two successive one year terms unless the Company provides prior notice of its intention not to renew. The amendment also extended Mr. Lowe's right to continued life insurance coverage to 24 months from the date of termination of employment and eliminated Mr. Lowe's right to receive severance, including cash severance and incentives, upon non-renewal of the employment agreement.

The foregoing summary of the employment agreement amendment is qualified in its entirety by reference to the full text of the employment agreement amendment, a copy of which is attached as Exhibit 10.3 to this Form 8-K and is incorporated herein by reference.

On August 1, 2012, Mr. Lowe was granted 100,000 Restricted Share Units that generally vest 25% on August 1, 2013, 25% on August 1, 2014 and 50% on August 1, 2015 provided he remains in the continuous employment of the Company, with accelerated vesting upon his involuntarily termination (termination without cause or for good reason) or upon a change in control. Mr. Lowe will forfeit the unvested portion of the award upon voluntary termination (without good reason).

(d) Exhibits

10.1    Employment Agreement between the Company and Kenneth W. Lowe (1)

10.2    Amendment to Employment Agreement between the Company and Kenneth W. Lowe (2)

10.3    Amendment No. 2 to Employment Agreement between the Company and Kenneth W. Lowe

(1) Incorporated by reference to Scripps Networks Interactive, Inc. Current Report on Form 8-K dated March 29, 2010.

(2) Incorporated by reference to Scripps Networks Interactive, Inc. Current Report on Form 8-K dated October 6, 2010.