Scripps Networks, NBCU bid for Travel Channel: sources
By : Jui Chakravorty Das
Date posted :2009-08-20 05:42:00
NEW YORK (Reuters) - Scripps Networks Interactive and General Electric Co's NBC Universal are among media companies that have bid for Cox Enterprises' Travel Channel, in an auction expected to fetch $600 million to $700 million, two sources familiar with the matter told Reuters.
The first round of bids were due Tuesday, and a deadline for a second round has not been set yet, the sources said, requesting anonymity because the auction process has not been made public.
Cox, Scripps Networks and NBC Universal were not immediately available for comment.
Time Warner Inc, Comcast Corp, News Corp and IAC/InterActiveCorp were also expected to bid for the asset, according to the sources, but it was unclear if they had put in official bids yet. Goldman Sachs is handling the auction.
The Travel Channel is known for shows such as "Anthony Bourdain: No Reservations," in which Bourdain travels around the world to showcase local cuisines; and "Bizarre Foods with Andrew Zimmern," in which Zimmern tries out unusual delicacies such as lamb eyeballs, squirrel brains and tiger pie from places such as Tanzania and Nicaragua.
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