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Scripps Networks Interactive Inc. (NYSE:SNI) is taking a 65% stake in Travel Channel Media, valuing the cable network at about $975 million -- the high end of analyst valuations. Cox Communications Inc. (NYSE:COX) will retain a 35% stake, spinning it off into a so-called leveraged joint venture. Scripps will...
Posted on November 5, 2009 9:22 AM
Update from the battered newspaper industry: Cox Enterprises Inc. continued its newspaper selloff, a day after cost-cutting Gannett Co. (NYSE:GCI), the largest U.S. newspaper publisher, posted a Street-beating profit and said that advertisers are spending a little more money on papers.Our sister blog Dealscape notes that Gannett's publishing advertising revenue...
Posted on July 16, 2009 10:27 AM
Cox Communications Inc. is breaking from some of its cable operator brethren and building its own wireless network. The nation's third-largest cable provider will build a 3G network to deliver wireless to the 23 million customers in its coverage area beginning in 2009. In addition, it will partner with Sprint...
Posted on October 27, 2008 11:39 AM
CBS Corp. says it will sell about 50 radio stations serving midsize markets. Courtney Thompson of investment bank Media Services Group wonders what took it so long. "It's like the Pareto law," says Thompson. "About 80% of the revenue comes from 20% of the market." That's why CBS will concentrate...
Posted on July 31, 2008 4:16 PM
Comcast Corp., Time Warner Cable Inc., Cox Communications Inc. and Advance/Newhouse Communications said they are pulling out of a $200 million mobile joint venture, known as Pivot, with Sprint Nextel Corp. "We both decided that the product that was designed was too operationally complex -- dependent on too many...
Posted on April 23, 2008 5:42 PM
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