Scripps Might Buy Food Network Stake

Mar 6, 2009  •  Post A Comment

Scripps Networks Interactive might buy the 31% of Food Network it doesn’t own from Tribune Co., Bloomberg reports. Scripps CFO Joe NeCastro told an investor conference the company is putting together a formal offer, but won’t pay a higher multiple than the one at which its own stock is trading, the news service says.
—Jon Lafayette

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