M&A Deal Summary

Cox Communications Acquires The Travel Channel

On May 1, 2007, Cox Communications acquired media company The Travel Channel from Warner Bros. Discovery and Paxson Communications

Acquisition Highlights
  • This is Cox Communications’ 3rd transaction in the Media sector.
  • This is Cox Communications’ 3rd transaction in the United States.
  • This is Cox Communications’ 1st transaction in Maryland.
Investment Fate
  • The Travel Channel was sold to a consortium of strategic buyers in 2009.
  • The Travel Channel was sold to a strategic buyer in 2016.

M&A Deal Summary

Date 2007-05-01
Target The Travel Channel
Sector Media
Buyer(s) Cox Communications
Sellers(s) Warner Bros. Discovery
Paxson Communications
Deal Type Divestiture

Target

The Travel Channel

Chevy Chase, Maryland, United States
The Travel Channel LLC is a travel media brand, and the network is available in nearly 96 million US cable homes. Its Travel Channel HD™ simulcast is distributed to almost 37 million viewers and is carried on every major provider. Travel Channel is headquartered in Chevy Chase, MD, and maintains offices in New York and Atlanta.

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Buyer(S) 1

Buyer

Cox Communications

Atlanta, Georgia, United States

Category Company
Founded 1964
Sector Media
Employees22,530
DESCRIPTION

Cox Communications is a broadband communications and entertainment company, providing advanced digital video, Internet and telephone services over its own nationwide IP network. The third-largest U.S. cable TV company, Cox serves approximately 6 million residences and businesses. Cox Business is a facilities-based provider of voice, video and data solutions for commercial customers, and Cox Media is a full-service provider of national and local cable spot and new media advertising.


DEAL STATS #
Overall 3 of 11
Sector: Media M&A 3 of 4
Type: Divestiture M&A Deals 3 of 4
State: Maryland M&A 1 of 2
Country: United States M&A 3 of 11
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Multimedia - Cablevision

United States

Multimedia - Cablevision is a provider of media services in Kansas, Oklahoma and North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-05 The Travel Channel

Chevy Chase, Maryland, United States

The Travel Channel LLC is a travel media brand, and the network is available in nearly 96 million US cable homes. Its Travel Channel HD™ simulcast is distributed to almost 37 million viewers and is carried on every major provider. Travel Channel is headquartered in Chevy Chase, MD, and maintains offices in New York and Atlanta.

Sell -

Seller(S) 2

SELLER

Warner Bros. Discovery

New York, New York, United States

Category Company
Founded 2008
Sector Media
Employees35,000
Revenue 39.3B USD (2024)
DESCRIPTION
Discovery Communications' corporate headquarters in Silver Spring, Maryland.
Discovery Communications' corporate headquarters in Silver Spring, Maryland.

Warner Bros. Discovery is a media company that provides content across multiple distribution platforms, including pay-TV, free-to-air and broadcast television, websites, digital distribution arrangements and content licensing agreements. The Company's portfolio of networks includes television brands such as Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science and Velocity (known as Turbo outside of the U.S.). Discovery also operates a diversified portfolio of production studios, websites and curriculum-based education products and services. Warner Bros. Discovery was formed in 2008 and is based in New York, New York.


DEAL STATS #
Overall 1 of 9
Sector: Media M&A 1 of 5
Type: Divestiture M&A Deals 1 of 8
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Academy123

Westlake Village, California, United States

Academy123, Inc. provides online education services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 TreeHugger.com

United States

TreeHugger.com is a collection of environmentally focused blogs. It was formed in 2004.

Buy $10M
SELLER

Paxson Communications

West Palm Beach, Florida, United States

Category Company
Founded 1991
Sector Communications
DESCRIPTION

Paxson Communications Corporation is a network television broadcasting company which owns and operates the largest broadcast television station group in the U.S., as measured by the number of television households in the markets our stations serve.


DEAL STATS #
Overall 2 of 2
Sector: Media M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Maryland M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-10 The Travel Channel

Chevy Chase, Maryland, United States

The Travel Channel LLC is a travel media brand, and the network is available in nearly 96 million US cable homes. Its Travel Channel HD™ simulcast is distributed to almost 37 million viewers and is carried on every major provider. Travel Channel is headquartered in Chevy Chase, MD, and maintains offices in New York and Atlanta.

Sell $20M