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Posts Tagged ‘Travel channel’

Travel Channel is a passport to a broader, more fulfilling life through the experience of travel. Travel Channel has hit a new, record low in travel journalism. She lacks travel vocabulary.

Bids for Travel Channel, in the middle of a bidding process started by its parent Cox, have come in “substantially ahead of initial expectations,” according to FT , citing sources. The bids indicate that the channel could be valued at $800 million or more, higher than the $600 milion – $700 million as expected by analysts. Bidding has dragged on, in part, because Cox has structured the sale on complicated terms, asking that the buyer put up a stake in its own cable network, plus cash. Cox would retain a 35% ownership stake, giving the buyer 65%. Read the rest of this entry »