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Scripps Buys Travel Channel in $975 Million Deal (AllThingsDigital)
Scripps Networks Interactive has won the Travel Channel auction. In a deal that values the channel at $975 million, Scripps will will acquire a majority interest in the property while current owner Cox retains a 35 percent stake.

Oprah Winfrey Network Names Lisa Erspamer as Creative Chief (LAT)
The highly anticipated but delayed OWN: the Oprah Winfrey Network will soon have a chief creative executive. Lisa Erspamer, who will join the Los Angeles operation in January, has something that executives who preceded her lacked: experience working directly for the demanding Winfrey as co-executive producer of Oprah's daytime talk show.

50 Papers Rescind Associated Press Cancellation Notices (E&P)
Some 50 newspapers that had given notice of cancellation to the Associated Press in the past two years have rescinded those notices in recent months, according to Paul Colford, the AP's director of media relations.

BusinessWeek Wants to Be The Economist (Portfolio)
Matt Haber: It looks like BusinessWeek, when it rebrands itself Bloomberg BusinessWeek under the direction of Bloomberg's chief content officer Norman Pearlstine, will be the latest struggling American publication to attempt to position itself as an imitation of The Economist.

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