Travel Channel

Mondo Times editors    Boulder Colorado USA

Posted at 6:48pm on Thursday, November 5th, 2009

Scripps Networks Interactive Outbids News Corp. for Travel Channel

Bloomberg.com reported on November 5, 2009:

"Scripps Networks will pay $181 million to get 65 percent of the channel through a joint venture with Cox Communications, Inc., parent owner of the Travel Channel. Cox will keep the remaining stake, the companies said today in a statement. Cox will contribute the channel and their partnership will carry $696 million in net debt.

The channel’s valuation topped the $600 million to $700 million that Hale Holden, a Barclays Capital Inc. credit analyst in New York, estimated Travel Channel Media was worth. Travel Channel Media includes the cable channel and the Web site travelchannel.com.

The valuation is “in the range for what we thought Travel was worth,” Cox Chief Financial Officer Mark Bowser said in an interview. “The two areas where we would see the largest opportunity would be international and would be digital.”

The full story: http://www.bloomberg.com/apps/news?pid=20601103&sid=a6fMtF4XqLtA

Mondo Times editors    Boulder, Colorado USA

Posted at 11:17pm on Tuesday, November 3rd, 2009

The Travel Channel is for sale, the New York Times reported on October 30, 2009:

"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 Corporation and Scripps Networks, three people with knowledge of the auction said. The people requested anonymity because they were not authorized by their employers to discuss the confidential process. At least one of the offers exceeds $900 million, they said."

The full story:
http://www.nytimes.com/2009/10/30/business/media/30travel.html

Mondo Times editors    Boulder Colorado USA

Posted at 12:43pm on Friday, June 19th, 2009

Travel Channel's "Ghost Adventures" continues the hunt for spirits at haunted locations.

Armed with "sophisticated technology," the team unveils "paranormal activity" at "haunted locations."

"Paranormal investigators" Zak Bagans, Nick Groff, and Aaron Goodwin continue their quest to document supernatural activity at haunted locations when Ghost Adventures returns with new episodes on June 5 at 9PM on Travel Channel.

"Making themselves vulnerable to unearthly possession, attempting to exorcise demons, and using extreme taunting techniques to dare the suspected ghosts are all in store every Friday through July 24th."