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The deal market suddenly came alive last week when Scripps Networks Interactive agreed to pay about $1 billion for the Travel Channel, nearly twice the estimated value of the network when its auction began almost five months ago. Full Article at Multichannel News
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That Travel Channel would become such a hot property in an otherwise brutal year for media is a sign of the renewed optimism in mergers and acquisitions that's also driving the likely Comcast-NBC Universal deal currently in the works. Full Article at Advertising Age
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Scripps Networks (NYSE: SNI) announced Thursday that the company is taking a controlling stake in the Travel Channel, giving the cable network a value of nearly $1 billion, according to Associated Press. Full Article at TransWorldNews
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NEW YORK -- Scripps Networks Interactive has agreed to buy a 65% stake in Travel Channel Media from Cox Communications in a deal that values the Travel Channel at nearly $1 billion. Full Article at Hollywood Reporter
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Article:Scripps to get majority stake in Travel Channel:/n/a/2009/11/05/financial/f055421S46.DTL Article:Scripps to get majority stake in Travel Channel:/n/a/2009/11/05/financial/f055421S46.DTL Quick links to the best of SFGate | Still can't find it? Full Article at San Francisco Chronicle
