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Thursday, November 5

It's Official: Scripps Buying Majority Interest In Travel Channel

It's official! Somebody bring a bottle of champagne to Anthony Bourdain's boudoir!

Scripps Networks Interactive, parent company of Food Network, HGTV, and more, will take a 65% stake in the Cox Communications' Travel Channel by January as part of a venture between the two companies, reports the Wall Street Journal and Reuters.

Scripps will now control the joint venture and run it along with its other cable properties.

I'm thinking a little Rachael Ray executive producer action might be coming to Bourdain's No Reservations? Yes???

"Under the deal announced on Thursday, Scripps will own 65 percent of the Travel Channel and Cox Communications will hold on to the other 35 percent. The deal is expected to be completed by January. In creating a joint venture, Cox will contributing the Travel Channel, which the two sides valued at $975 million, and Scripps will put in $181 million in cash. The partnership will take on $878 million in third-party debt."


Hmm... first Scripps announces it's changing Fine Living to "The Cooking Network" and now it's taking on the Travel Channel. They will soon have two other networks devoted to cooking and travel... so what's left for Food Network?! More Paula Deen comedy half-hours? A love advice show with the Neelys? Only time will tell.

What do you think about Scripps' acquisition of Travel Channel?

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At 11/05/2009 1:56 PM , Blogger Lester Hunt said...

I think Tony Bourdain is not going to like being this close to Rachel Ray.

At 11/05/2009 1:56 PM , Blogger Alec Smart said...

What do I think ? I think they will probably mess it up and soon the Travel Channel will be a stinko network filled with lame Challenge shows. If Herr Tuschman is allowed anywhere near the new acquisition, it is a certain stinko show.

At 11/06/2009 2:13 AM , Blogger Lalala said...

We might get a chance to see Anthony Bourdain singing Karaoke. Yipee!!! Or dancing with Aunt Sandy....

At 11/07/2009 6:12 PM , Blogger Ed_H said...

I'm just hoping that they finally start airing 'Three Sheets' in high Definition on whatever of Scripps' channels it ends up on. It's quite irritating to watch shows in low def when you know they were shot in glorious HD.

At 11/08/2009 2:12 PM , Blogger butsukoy3000 said...

DDD and Man v Food back to back? I'm totally stoked, brah!

At 11/08/2009 8:17 PM , Blogger T said...

I think this sucks big time. They are so going to mess up the Travel Challenge but maybe it'll finally be available in HD. I just hope they don't mess it up TOO BAD.

At 11/25/2009 11:39 AM , Blogger Jay said...

What is "travel challenge"? Is it a show on the travel channel?

BTW, Travel Channel is available in HD.


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