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Article: Scripps Pays $1B for Travel.(Scripps Networks Interactive )(The Travel Channel L.L.C.)
- Article from:
- Multichannel News
- Article date:
- November 9, 2009
- Author:
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by Mike Farrell
Good Price for Specialty Network? Depends How You Figure It
The deal market suddenly came alive last week when Scripps Networks Interactive agreed to pay about $1 billion for the Travel Channel, nearly twice the estimated value of the network when its auction began almost five months ago.
And though the price appears to be a healthy one - early valuations on the channel were in the $600 million range - not everyone is convinced that the deal represents a return to the robust valuations of earlier in the decade.
According to SNI, Travel Channel was valued at about $975 million, which - depending on how the channel's cash ...