Thursday, November 5, 2009
Scripps Books Travel Channel in $975 Million Deal
It’s official: Scripps Networks Interactive has won the Travel Channel auction. In a deal that values the channel at $975 million, Scripps will acquire a majority interest in the property while current owner Cox retains a 35 percent stake. News Corp., among others, had been bidding for the channel.




Both Comcast and Timer Warner Cable want to give their subscribers Web access to more shows than they can currently get–at least legally. But the two companies have competing plans, based on different technologies and philosophies.