The names of possible buyers are flying as Cox Communications has decided to sell its majority stake in the Travel Channel. The Financial Times lists media groups from Scripps Networks Interactive and Time Warner to Comcast and News Corp as possible buyers for the network. The list of possible buyers from Reuters also includes CBS Corp and NBC Universal.
Cox acquired The Travel Channel in 2007 as part of a buyout from Discovery Communications. In June Bloomberg reported Cox Communications received unsolicited inquiries about the Travel Channel and hired Goldman, Sachs & Co. to evaluate options.
At the time of the Discovery buyout, the channel’s value was estimates at $1.25 billion. Bloomberg also reports that a Barclays Capital credit analyst believes current market conditions may hold the value of the Travel Channel in the range of $600 million to $700 million.
Any fan of Travel Channel shows like “Anthony Bourdain: No Reservations,” “Bizarre Foods,” “Man v. Food” and “Great Weekends” will have to wait to see what this sale could mean for their favorite shows.
More Info:
Read the Reuters article here
Read the Financial Time article here
Read the Bloomberg article here
07. 16. 09
Posted by pixeljones |
Entertainment Biz, Television | Anthony Bourdain: No Reservations, Barclays Capital, Bizarre Foods, CBS Corp, Comcast, Cox Communications, Discovery Communications, Goldman, Great Weekends, Man v. Food, Media, NBC Universal, News Corp, Sachs & Co., Scripps Networks Interactive, Time Warner, Travel Channel |
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Six months ago I told you about The Printed Blog, a free glossy paper that would carry content from popular blogs and fine-tuned to what each neighborhood wanted to read. Unfortunately, publisher Joshua Karp announced on the paper’s web site yesterday that “due to a lack of outside investment capital, The Printed Blog is ceasing publication.”
The paper made it through 16 issues, distributing 80,000 print copies and readers downloaded another 100,000.
The Printed Blog may be gone, but Karp still sounds optimistic for the future. In his statement he says; “I’m disappointed, to be sure, but also looking forward to the future. I believe the next few years will be among the most exciting times in the history of journalism. The industry’s landscape is on the verge of major change, and when redefined, it will look a lot different than it does today. It will also function considerably better.”
Although this project is ending, Karp still has the kind of ideas that tradition media needs to embrace.
More Info:
Read the announcement from Joshua Karp here
Read the exit interview with Crain’s Chicago Business here
07. 8. 09
Posted by pixeljones |
Newspapers, The Web | Blog, Chicago, internet, Joshua Karp, Printed Blog, The Printed Blog |
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