News Corp may drop Travel Channel bid-source

[TomCADem]

Source: Reuters

NEW YORK, Nov 2 (Reuters) - News Corp (NWSA.O) may drop its bid for the Travel Channel because parent company Cox Enterprises wants $1.1 billion for the cable channel, a price that the media conglomerate thinks is too expensive, a source with knowledge of the bids said on Monday.

News Corp and Scripps Networks Interactive (SNI.N) as of last week were considered to be the lead bidders for the Travel Channel, other sources previously told Reuters.

Last week, Cox was contemplating selling a 65 percent stake in the channel, keeping 35 percent, and running it as a joint venture, those sources said.


Read more: http://www.reuters.com/article/mergersNews/idUSWEN587420091102

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News Corp, which owns Fox News, Direct TV and Wall Street Journal, is in negotiations to acquire Travel Channel. For all the talk about a liberal media, the truth is that Fox owner Rupert Murdoch is buying media properties left and right.

[Tommy_Carcetti]

1. Why do they want the Travel Channel? They already showcase Fantasy Land on a daily basis.

I.e. Fox News.


Ba-dump-dump!

[SoCalNative]

2. Why is Discovery selling off all of its channels?

eom

[supernova]

3. I can so imagine Anthony Bourdain working for Rupert Murdoch

NOT!

[Ganja Ninja]

4. I didn't know they were trying to buy the Travel Channel.

I guess that explains why Anthony Bourdain went to visit Ted Nugent. The only episode of No Reservations I refused to watch.

[fascisthunter]

5. this is dangerous

giving one network this much of an monopoly is bad for everyone. This guy is a a fascist megomaniacal dickhead.