Travel Channel (originally The Travel Channel from 1987 to 1999) is an American basic cable and satellite television channel that is owned by Scripps Networks Interactive. The channel is headquartered in Chevy Chase, Maryland, United States.
It features documentaries, reality, and how-to shows related to travel and leisure around the United States and throughout the world. Programming has included shows on African animal safaris, tours of grand hotels and resorts, visits to significant cities and towns across the world, programming about various foods across the world, and programming about ghosts and the paranormal in notable buildings.
As of February 2015, Travel Channel is available to approximately 91.5 million households (78.6% of households with television) in the United States.
Maps, Directions, and Place Reviews
History
The Travel Channel was launched on February 1, 1987; it was founded by Trans World Airlines, presumably to boost airline patronage. The channel's name was derived from the travel-related filler programming that aired between programs on the Home Theater Network. TWA purchased the name rights from Group W Satellite Communications in 1986, and took over HTN's transponder spot following the shutdown of the premium cable channel in January 1987. In 1997 the network was later sold to Landmark Communications, then-owner of The Weather Channel, and eventually to Paxson Communications.
Discovery Communications acquired a 70% ownership stake in the channel in 1997, and subsequently acquired the remaining 30% interest from Paxson in 1999. In May 2007, Discovery Communications sold Travel Channel to Cox Enterprises subsidiary Cox Communications as part of a larger multibillion-dollar transaction.
On November 5, 2009, Scripps Networks Interactive acquired a 65% ownership interest in the network for $1.1 billion; the deal closed in January 2010. Scripps currently distributes the Travel Channel and rebroadcasts some of the programming from their sister channel Food Network.
In late 2015, Scripps announced that it will relocate the Travel Channel headquarters to Knoxville, Tennessee, in order to consolidate its networks in one place. Current employees are given the option to move to Knoxville, though some may relocate to New York.
On February 25, 2016, Scripps acquired the remaining 35% stake in Travel Channel from Cox Communications, giving it full control over the network.
On July 31, 2017, Scripps Networks and Discovery Communications announced that the latter will acquire Scripps Networks in a $14.6 billion cash and stock deal. This will mark the second time that Discovery has owned the Travel Channel.
Programming
Outside the United States
On March 22, 2012, Scripps Networks Interactive announced that it had agreed to pay £65 million (equivalent to US$102.7 million) to acquire Travel Channel International Limited, the UK-based broadcaster which operates across the Europe, Middle East, Africa and Asia Pacific markets, but had no direct relation to the American television channel until then. The deal was completed on May 1, 2012, following regulatory approval.
Source of the article : Wikipedia
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