Scripps Shells Out $103M For Travel Channel Distributor

Law360, New York (March 22, 2012, 4:02 PM EDT) -- Scripps Networks Interactive Inc. signed off Thursday on a £65 million ($102.8 million) agreement to acquire the foreign distributor of the Travel Channel, one of the lifestyle media brands Scripps controls.

Under the deal, Knoxville, Tenn.-based Scripps will get Travel Channel International Ltd., an independent company headquartered in the United Kingdom that distributes the Travel Channel brand in 20 languages across Europe, Africa, the Middle East and the Asia-Pacific region, according to a statement Scripps issued Thursday.

The cash deal is expected to close in the...
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