logo
Share SHARE
FONT-SIZE Plus   Neg

Scripps Networks To Acquire Travel Channel International For GBP 65 Mln

Scripps Networks Interactive Inc. (SNI) Thursday said it reached an agreement to acquire UK-based Travel Channel International Limited, or TCI, for 65 million pounds.

The company produces and commissions original travel programming for distribution in 91 countries. It distributes the Travel Channel brand in 20 languages across Europe, Africa, Middle East and Asia Pacific regions.

The deal is expected to be completed in the second quarter. Scripps Networks plans to integrate Travel Channel International into its portfolio of popular lifestyle networks.

Formed in 2004, TCI has affiliate agreements with about 850 distributors. The company's 46 full-time employees in London will join Scripps Networks Interactive when the deal is completed.

Richard Wolfe, chief executive of TCI, said, "Combining TCI's reach and resources in our territories with those of SNI's U.S. Travel Channel creates a new worldwide brand with powerful synergies in programming and advertising."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
While Democrats have largely been critical of the Republican tax reform plan, President Donald Trump has claimed the proposal has some bipartisan support. Trump suggested to reporters ahead of a meeting with members of the Senate Finance Committee on Wednesday that "people on both sides" support the tax reform plan. Healthcare is very expensive in the U.S., in fact among the most expensive in the world by most measures. Health care facilities are largely owned and operated by businesses in the private sector. Most Americans have access to health care, though costs and services vary from state to state. However,... Electronic Arts Inc. said it is shutting down its Visceral Games Studio and making major changes to its upcoming Star Wars project currently being developed by the studio. Visceral Games is best known for creating the "Dead Space" series.
comments powered by Disqus
Follow RTT