Report: ProvEquity in Travel Channel bid

Providence Equity Partners Inc. is one of three private equity firms that have placed bids for the Travel Channel, Reuters reported Thursday.

Providence Equity, Kohlberg Kravis Roberts & Co., and Thomas H. Lee Partners L.P. each submitted separate bids in an auction that is expected to see Travel Channel Media, owned by Atlanta-based Cox Communications Inc., sell for between $600 million and $700 million, according to Reuters, which did not identify its sources. The funds declined to comment.

Full Story: Report: ProvEquity in Travel Channel bid Source: Providence Business News, September 17th, 2009 Author: Ted Nesi

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