Scripps Networks Interactive Inc. agreed to buy a controlling stake in the Travel Channel from Cox Communications Inc., trumping a bid by News Corp. in a deal that values the cable-television network at $975 million.
The network became the center of a bidding competition after Atlanta-based Cox said in June that it had received unsolicited inquiries for the asset. Scripps Networks, the owner of Food Network, HGTV and the DIY Network, gets a channel distributed in about 95 million U.S. homes, with shows including “Anthony Bourdain: No Reservations,” “Man v. Food,” “Madventures” and “Most Haunted.”
Guess this is only marginally food related, feel free to move elsewhere if you like.
EDIT: LINK