Cox Enterprises, Inc. Comments

Media Owners editors   Boulder, Colorado USA

Posted at 11:14pm on Sunday, November 8th, 2009

On November 5, 2009, Cox Communications, Inc. announced its intent to form a joint venture with Scripps Networks Interactive, Inc. for ownership and management of Travel Channel Media. Scripps Networks Interactive will control the joint venture and the network will be run as part of the company's growing portfolio of lifestyle media brands. This concludes an exploratory process that Cox began with their exclusive advisors Goldman, Sachs & Co. in June.

Under the terms of the agreement which is effective today and anticipated to close over the next few months, Cox will maintain a 35 percent stake in Travel Channel Media while Scripps will have a 65 percent interest. Cox will contribute the Travel Channel and Scripps Networks Interactive will contribute $181 million in cash to a newly created partnership. The partnership, in turn, will take on $878 million in third-party debt that will be guaranteed by Scripps and indemnified by Cox, with the proceeds to be distributed to Cox.

"This solid partnership we're establishing today allows us to maintain an interest in Travel Channel while at the same time giving the network an opportunity to leverage the resources and expertise of a successful programmer like Scripps Networks Interactive," said Cox Communications' President Patrick Esser. "Scripps has an outstanding reputation as a company, an employer and a programmer. Over the past 15 years, Scripps Networks Interactive has built a portfolio of leading lifestyle programming brands and we think this complementary expertise will be a boon to Travel Channel's future growth."

Launched in 1987, Travel Channel has grown to become one of America's best known cable television networks, today reaching about 95 million U.S. television households. The television network, the cornerstone of Travel Channel Media, supports a growing range of cross-platform initiatives including Internet, mobile and social media applications. Cox became sole owner of Travel Channel in 2007. Since then, distribution grew from 87 million to 95 million homes.

MML   Atlanta

Posted at 2:03pm on Saturday, November 8th, 2008

I am disgusted at this representation of Americans' writing and grammar skills.

James: It's "our" new channel...
Rick: It's "you're" in Texas...
Jack; It's "There" is a reason...
Josh: You're just stupid
You all sound like retards. Wait, retarded people can probably write better than you.

JC's is correct, and by the way, his opinion is also correct.

james michael gill   bonaire ga 31005

Posted at 7:45pm on Wednesday, August 6th, 2008

dear sir when are we getting hour new channel like watl and peach tv and wsb and wgcl and wbmn .bigmikegill57@yahoo.com

james michael gill   421 hwy 247 south bonair

Posted at 5:17pm on Saturday, August 2nd, 2008

dear sir I WOULD LIKE TO WHEN ARE WE GETTING HOUR NEW CHANNEL ON THE EXPANED BASIC AND HD WBMN AND WATL .BIGMIKEGILL57@YAHOO.COM

Rick R.   baltimore,MD

Posted at 8:40am on Sunday, June 8th, 2008

hey josh lubbock, tx, If you love america so much & your in texas, why don't you go to crawford texas & take care of the most UNAMERICAN d ick head in this country

Jack   USA

Posted at 9:44pm on Wednesday, January 9th, 2008

Yeah they totally own us. Their is a reason "Cops" is the most repeated syndicated show on television. To remind us their in control.

Ford   warner robins ,Ga

Posted at 1:23pm on Saturday, December 15th, 2007

my cable bill is $140 a month, 30 is net fee.
My TV is out since last night.5 calls, 3 talking to a stupid computer generated questionaire machine, 2 rude, totally uncaring real people and nothing..They say "maybe" Mon or Tues. I will look for a sat alternate plan

josh   lubbock, tx

Posted at 10:11pm on Monday, December 10th, 2007

If you hate America so much why don't you just move to a different country. I hate listening to babies like you whine about this type of thing

J.C. Woods   Dallas, TX

Posted at 4:16am on Wednesday, October 3rd, 2007

Multi-national corporations run America, and most of the world too. They do not have any allegiance to any country, and their only interest is to make as much money as they can possibly make. Now, do you really think that they have your interest or the country's interest as something they value?