Scripps Networks To Acquire 65 Percent Of Travel Channel; Channel Valued At $975 Million (paidContent.org via Yahoo! Finance)
It’s official: Scripps Networks Interactive will acquire a 65 percent stake in the Travel Channel from Cox Communications. The deal works like this: the two companies form a joint venture; Cox puts in the Travel Channel, valued at $975 million; Scripps contributes $181 million in cash; the JV borrows $878 million which will be guaranteed by Scripps and indemnified by Cox; Scripps controls the …
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Scripps Networks To Acquire 65 Percent Of Travel Channel; Channel Valued At $975 Million (paidContent.org via Yahoo! Finance)
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