Cox, Comcast negotiating big content deals

Fri, 10/30/2009 - 8:25am
Brian Santo

Two big MSOs are in the midst of two big deals involving networks. Cox Communications is set to sell the Travel Channel, and may get over $900 million for it, while Comcast is negotiating to buy a controlling interest in NBC-Universal.

The two most frequently mentioned bidders for the Travel Channel are News Corp. and Scripps Networks. The latest reports suggest that Cox Communications might end up forming a joint venture with the winning bidder, and retain a minority stake in the Travel Channel, in order to avoid a large tax Cox might incur if it were to divest itself of the channel entirely.

Comcast, meanwhile, continues to negotiate with General Electric to buy a 51 percent interest in NBC Universal, at a price that various reports peg at between $4 billion and $6 billion, plus a couple of Comcast’s current network channels.

The deal is complex, and includes another company, Vivendi, which currently holds a 20 percent stake in NBC Universal. Vivendi reportedly has veto power over the deal.

Comcast attempted to buy Disney in 2004.

More Broadband Direct 10/30/09:
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•  Cox, Comcast negotiating big content deals
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