Huffpost Media

Scripps Buys Travel Channel In $975 Million Deal

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It's official: Scripps Networks Interactive (SNI) has won the Travel Channel auction. In a deal that values the channel at $975 million, Scripps will will acquire a majority interest in the property while current owner Cox retains a 35 percent stake. News Corp. (NWS), among others, had been bidding for the channel.

Read the whole story at AllThingsD