Scripps Networks Interactive to Acquire Controlling Interest in Travel Channel

Skadden is representing Scripps Networks Interactive Inc. in connection with its joint venture with Cox Communications Inc. by which it will acquire a controlling interest in the Travel Channel. The two companies signed a definitive agreement on November 5, 2009 that will result in Scripps Networks Interactive owning 65 percent of the Travel Channel and Cox Communications retaining a 35 percent minority stake in the network.