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Scripps wins Travel Channel, Cox avoids tax (from Corporate Dealmaker)

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

Cox sells papers; Gannett profit offers scant hope (from Corporate Dealmaker)

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