Oct 24

End of Family Trust May Put Travel Channel, HGTV and Food Network in Play

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Scripps Networks Interactive, the TV home of Paula Deen’s mashed potatoes, is poised to lure bids from potential buyers now that the controlling family trust has disbanded.

The owner of the Travel Channel, HGTV and most of the Food Network has the second-fastest projected revenue growth through 2015 among 13 U.S. media companies valued at $1 billion or more, according to data compiled by Bloomberg.

Walt Disney Co., owner of sports network ESPN, should be drawn to Scripps Networks as a way to add more female-friendly content, said Citigroup Inc. and Macquarie Group Ltd., which also sees Time Warner as a potential acquirer.

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