Report: Travel Channel auction exceeds expectations
News Corp. and Scripps Networks Interactive have each bid about $800 million for Cox Communications' Travel Channel, exceeding the $600 million to $700 million that the network was expected to fetch, according to unnamed sources cited in this report. Cox now is expected to select one company with which it will negotiate a sale.
Bloomberg | 10/28
This story published in CTAM SmartBrief on 10/29/2009
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