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Scripps Network tunes in Travel Channel

Posted on November 5, 2009 5:39 PM
Scripps Networks Interactive Inc.'s $975 million takeover of the Travel Channel had been carefully laid out years before E.W. Scripps Co. severed the buyer in 2008.

As far back as 15 years ago, Scripps, then SNI's parent, was following a blueprint to become a "major presence in three distinct fields -- food, travel and home and garden," recalled Reese Schonfeld, who helped establish CNN and then later co-founded the Food Network.

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