HGTV, DIY, Food Network, Cooking Channel, Travel Channel and GAC Are All In Play. Report Says Disney and Time Warner Especially Should Be Interested Bloomberg
The cable networks that make up Scripps Netoworks Interactive -- HGTV, DIY, Food Network, Cooking Channel, Travel Channel and GAC -- are in play, reports Bloomberg.
According to the article, "Scripps Networks Interactive Inc., the television home of Paula Deen’s mashed potatoes, is poised to lure bids even with the stock at a record high now that the controlling family trust has disbanded."
The story continues, "The $9.5 billion corporation’s revenue outlook justifies a premium of 30 percent or more, according to Carne Capital LLC. Edward Jones & Co. said buyers will likely emerge given the end last week of the Edward W. Scripps Trust, which had 93.5 percent of the voting rights. Walt Disney Co., owner of sports network ESPN, should be drawn to Scripps Networks as a way to add more female-friendly content, said Citigroup Inc. and Macquarie Group Ltd., which also sees Time Warner Inc. as a potential acquirer.
"Walt Disney Co. might make an offer for Scripps Networks as a way to strengthen its female-focused content, the story notes, citing analysts."
Comcast might also be intested, the story adds.
The article and analysis in it are quite long and detailed and we urge you to read the entire article at the link provided above.