Nov
06
Scripps Buys 65% Stake in Travel Channel
Posted in: Uncategorized
LOS ANGELES (AdAge.com) — Scripps Networks is the new majority owner of the Travel Channel after acquiring a 65% stake in the Cox Communications cable network, valued at $975 million. The media company was the ultimate victor in a bidding process that included News Corp. and Time Warner, driving up the property's value from a reported $700 million back in August.
Post a Comment