Offers for Travel Channel Expected to Approach $1 Billion – New York Times
Cox Communications is expected to command close to a billion dollars for the Travel Channel, people close to the bidding war for the channel said on Thursday. The company is entertaining bids from a number of media companies, including the News …
UPDATE 2-Travel Channel sale talks now focus on JV-sources – Forbes
NEW YORK, Oct 30 (Reuters) – News Corp and Scripps Networks Interactive are lead bidders for Cox Enterprise’s Travel Channel, and talks are now focused on the winner forming a joint venture with Cox, sources familiar with the matter told Reuters. The …
Travel Channel Auction Heats Up – Multichannel Online
The auction for The Travel Channel is reportedly heating up, with News Corp. vaulting into the lead with an estimated bid for the network in the $800 million to $900 million range. And it far outpaces original expectations for the channel. When Cox …