We’ve been tracking Scripps for a while and this closes a chapter for them: The five Shop At Home TV stations are to be sold to Multicultural Television Broadcasting for $170 million. The deal will be tied up in around nine months and follows the $17 million sale of the Shop at Home TV Network in June, bought by Jewelry Television. Last week it announced that 13 per cent of its revenues are web generated and CEO Ken Lowe said: â
This article originally appeared in MediaGuardian.
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