After months of hard work and focused negotiations, the company I work for, Scripps Networks Interactive Inc. has reached agreement with Cox Communications to acquire a controlling interest in the Travel Channel. I’m excited about this announcement especially since I’m a big fan of the Travel Channel.
Upon completion of the transaction, Scripps Networks Interactive will own 65 percent of the Travel Channel and Cox will retain a 35 percent minority stake. The transaction is expected to be completed by or before January of next year.
