Scripps Networka Could Be In Play
Bloomberg, Wednesday, October 24, 2012 4:48 PM
Scripps Networks Interactive, owner of the Travel Channel, HGTV and most of the Food Network, could be open to sales offers now that the controlling Scripps family trust is being dissolved. So analysts are speculating on who will make the first move: Disney, Time Warner? The company "probably belongs in a larger entity," says one, and its "female-centric or lifestyle-centic" content is a big part of the appeal. And it "has the second-fastest projected sales growth through 2015 among 13 U.S. media companies valued at $1 billion or more, according to data compiled by Bloomberg," writes Brooke Sutherland. No comment from Scripps itself on whether it will or won't sell, or has been approached by suitors.
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