TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Posts Tagged ‘Cox Communications’

Morning Media Newsfeed: Oprah Eyes Clippers | Viacom to Buy Channel 5 | Time Warner Profits Soar

Click here to receive Mediabistro’s Morning Media Newsfeed via email.

Oprah Considering Los Angeles Clippers Bid (ESPN)
Oprah Winfrey, David Geffen and Larry Ellison will join together in a bid to buy the Los Angeles Clippers if the NBA’s board of governors votes to force Donald Sterling to sell the team, Geffen said Wednesday. FishbowlNY Others interested in buying the Clippers include Diddy (he even created his own hashtag #DiddyBuyTheClippers) and Floyd Mayweather. THR The OWN Network founder would pair with music mogul Geffen and Oracle co-founder Ellison in an investor role. On Tuesday, NBA commissioner Adam Silver pledged to force the sale of the Clippers after audio recordings of racist remarks made by owner Donald Sterling surfaced on TMZ days earlier. Sterling, who has owned the Clippers franchise since 1981, faces a ban from attending all NBA games as well as making any business decisions for the team. LA Times / Sports Now Winfrey, in reference to Sterling’s comments, told TMZ on Tuesday that “the plantation days are over.” She also denied having interest in purchasing the team on her own. However, Winfrey’s spokesperson, Nicole Nichols, issued a statement Wednesday confirming that she’s in talks about becoming an investor. Reuters The advisory finance committee of the NBA’s governing board scheduled a meeting for Thursday to review the next steps for forcing a sale of the Clippers, as urged on Tuesday by NBA commissioner Adam Silver, a league spokeswoman said. Sterling, who bought the Clippers in 1981 for $13 million when the team was based in San Diego, has not indicated whether he would relinquish ownership without a fight. Experts have estimated that the franchise, which moved to Los Angeles in 1984, could now be worth as much as $800 million.

Read more

Mediabistro Course

Personal Essay Writing

Personal Essay WritingStarting October 28, work with a published journalist to draft, edit, and sell your first-person essays! Jessica Olien will help you to workshop your writing so that it's ready to pitch to editors. You'll learn how to tell your personal story, self-edit you work to assess voice, style, and tone, and sell your essays for publication. Register now!

Scripps Acquires Travel Channel

travel.jpgThere haven’t been too many media deals recently, so today’s announcement is exciting. Scripps Networks Interactive Inc., which currently owns the lifestyle cable channels Food Network and HGTV, announced today that it has entered into a joint venture with Cox Communications that will result in Scripps owning a controlling interest in the Travel Channel — valued at $975 million.

The transaction, which is expected to close in January, will leave Cox with a 35 percent stake in the Travel Channel, while Scipps will own 65 percent. Scripps is paying $181 million in cash and the partnership between Scripps and Cox will take on $878 million in third-party debt, the companies said.

“Adding the Travel Channel, and its related enterprises, provides us with a unique opportunity to meaningfully expand our portfolio into a lifestyle category that’s highly desirable to media consumers, advertisers and programming distributors,” said Scripps CEO Kenneth Lowe, in a statement on the deal. “Our vision for Travel follows the same script that’s made Food Network and HGTV two of the most powerful brands in all of television. By lending our unparalleled expertise in developing successful lifestyle media businesses, we have every confidence that we can build on Travel’s strong brand identity and leverage the successes achieved to date by the top-notch team at Travel Channel and our new partners at Cox Communications.”

Full release after the jump

Read more

Viacom Earnings|Travel Channel|Ascend Media Liquidates|Bloomberg’s BusinessWeek Plans|WebMediaBrands CEO Meckler

Wall Street Journal: Viacom, parent company of MTV Networks, reported its third quarter earnings today. Profit grew 15 percent due to cost-cutting, perhaps related to this summer’s layoffs at MTV?

New York Times: Scripps is reportedly close to closing its deal to buy the Travel Channel from Cox Communications.

Folio: B-to-b publisher Ascend Media has filed for Chapter 7 liquidation.

MediaWeek: Bloomberg unveils its plans for BusinessWeek: make it look more like The Economist and offer content for free “while creating deep, vertical content areas that paying users could access for roughly $100 a year.”

Business Insider: Alan Meckler, the CEO of mediabistro.com’s parent company WebMediaBrands, talks about plans to buy new blogs, and his plans for Mediabistro and Semantic Web.