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Latest Satellite News Discussion, New Cox Communications at General Satellite News forum; Travel could fetch $1bn Cox Communications is expected to command close to a billion dollars for the Travel Channel. The ...

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Thumbs up New Cox Communications - 30-October-2009, 23:00

Travel could fetch $1bn

Cox Communications is expected to command close to a billion dollars for the Travel Channel. The company is entertaining bids from a number of media companies, including the News Corp and Scripps Networks and, reportedly, at least one of the offers exceeds $900 million.

When Cox was first approached about a potential sale in June, analysts said the channel could command $600 million to $700 million. The cable company retained Goldman Sachs to weigh its strategic options for the channel.

News Corp already owns the National Geographic Channel and plans to convert its low-rated Fox Reality Channel into a spin-off wildlife destination called National Geographic Wild.



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