Business News

Michael R. Costa Elected to Scripps Networks Interactive Board of Directors

Tuesday 24. February 2009 - Michael R. Costa, an investment banker with expertise in the media and telecom industries, has been elected as a member of the Board of Directors for Scripps Networks Interactive Inc. Costa, 50, is a former managing director of Merrill Lynch & Company.

“Scripps Networks Interactive is very fortunate to bring aboard someone of Michael Costa’s caliber with his knowledge and invaluable experience in media as we continue to expand our footprint in lifestyle and interactive media,” said Kenneth W. Lowe, chairman, president and CEO of Scripps Networks Interactive.

At Merrill Lynch, Costa focused on mergers, acquisitions and corporate restructurings in the media and telecom industries. In his most recent position, he was Managing Director, Global Markets and Investment Banking/Mergers and Acquisitions.

Before joining Merrill Lynch in 1989, Costa was a mergers and acquisitions attorney at the law firm of Skadden, Arps, Slate, Meagher & Flom in New York.

Costa earned a Juris Doctor degree at Harvard Law School and a bachelor’s degree from Colgate University.