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New Bidder Seen Winning Control of Travel Channel

Oct 23, 2009  •  Post A Comment

There’s a new bidder who has emerged as the likely buyer of control of the Travel Channel, the Financial Times reports.

News Corp. appears to be leading the bidding, as the price surpasses $800 million, far more aggressive than the $600 million to $700 million that analysts thought Cox Communications would get for the 65% controlling stake. Other bidders could still try to top News Corp.

–Elizabeth Jensen

One Comment

  1. I guess people just don’t get it..

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