Scripps inks deal for control of Travel Channel
Scripps Networks -- which already controls cable networks such as Food Network, DIY Network and HGTV -- has announced a deal to become the majority owner of the Travel Channel. As part of its deal with Cox Communications, Scripps will offer up a cash payment of $181 million to acquire 65% of the Travel Channel, which is valued at $975 million.
Reuters | 11/05
This story published in CTAM SmartBrief on 11/05/2009
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