Scripps Networks to Buy Controlling Interest in Travel Channel Bloomberg

Scripps Networks Interactive has bested the bid by News Corp. to buy controlling interest in the Travel Channel from Cox Communications, reports Bloomberg.

Scripps agreed to pay $181 million for 65 percent of the channel, with Cox holding the other 35 percent. The Travel Channel will become part of Scripps Networks, which include HGTV, Food Network and DIY.

-- Allison J. Waldman