Home > M&A deals 1997 > Discovery Communications, Inc. and Paxson Communications Corp. acquire a stake in The Travel Channel LLC
Stake Purchase · Media/Entertainment · September 1997

Discovery Communications, Inc. and Paxson Communications Corp. acquire a stake in The Travel Channel LLC

On September 10, 1997, Discovery Communications, Inc. and Paxson Communications Corp. acquired a stake in The Travel Channel LLC, a media/entertainment company in Maryland, United States, from Paxson Communications Corp.

Deal at a glance

AnnouncedSeptember 10, 1997 TypeStake Purchase TargetThe Travel Channel LLC Buyers Discovery Communications, Inc.
Paxson Communications Corp. Seller Paxson Communications Corp. SectorMedia/Entertainment LocationMaryland, United States ValueMembers only

Target company

The Travel Channel LLC
Maryland, United States
Media/Entertainmentsector
-founded
Activestatus
View the company profile →

Buyers (2)

Discovery Communications, Inc. Lead
Company · 18 deals on record
Paxson Communications Corp. Co-investor
Company · 2 deals on record
  • 1st transaction for the lead buyer in media/entertainment
  • 1st transaction in United States
18deals, all time
10in this sector
2017latest

Seller

Paxson Communications Corp.
Company · 2 deals on record
2investments
2in this sector
2exits

Members only

Contact details at the buyers and sellers
The full deal history of every party
Co-investors and the other advisors on this deal
Deal value and revenue or EBITDA multiples

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Questions about this deal

Who acquired The Travel Channel LLC?Discovery Communications, Inc. and Paxson Communications Corp. acquired a stake in The Travel Channel LLC on September 10, 1997.

Who sold The Travel Channel LLC?Paxson Communications Corp. was the seller.

What type of deal was it?It was a stake purchase in the media/entertainment sector in 1997.

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