Nov 05, 2009

NEW YORK -- Scripps Networks Interactive has won the auction for Travel Channel Media. The company has agreed to take a 65% stake in Travel Channel and its related activities in a deal with Cox Communications that values the network at $975 million. That is well ahead of the original expectations of a $600 million-$700 million price tag. Industry executives have expressed continued interest in buying cable networks, highlighting that their dual revenue streams have allowed them to...More