Cox Communications Announces Definitive Agreement for Joint Ownership of Travel Channel Media With Scripps Networks Interactive

Cox Communications Announces Definitive Agreement for Joint Ownership of
Travel Channel Media With Scripps Networks Interactive
Cox Will Retain 35 Percent of Joint Venture with Scripps

ATLANTA, Nov. 5 /PRNewswire/ -- Cox Communications, Inc. today announced its
intent to form a joint venture with Scripps Networks Interactive, Inc. (NYSE:
SNI), for ownership and management of Travel Channel Media. Scripps Networks
Interactive will control the joint venture and the network will be run as part
of the company's growing portfolio of popular lifestyle media brands. This
concludes an exploratory process that Cox began with their exclusive advisors
Goldman, Sachs & Co. in June.

Under the terms of the agreement which is effective today and anticipated to
close over the next few months, Cox will maintain a 35 percent stake in Travel
Channel Media while Scripps will have a 65 percent interest. Cox will
contribute the Travel Channel and Scripps Networks Interactive will contribute
$181 million in cash to a newly created partnership. The partnership, in turn,
will take on $878 million in third-party debt that will be guaranteed by
Scripps and indemnified by Cox, with the proceeds to be distributed to Cox.

"This solid partnership we're establishing today allows us to maintain an
interest in Travel Channel while at the same time giving the network an
opportunity to leverage the resources and expertise of a successful programmer
like Scripps Networks Interactive," said Cox Communications' President Patrick
Esser. "Scripps has an outstanding reputation as a company, an employer and a
programmer. Over the past 15 years, Scripps Networks Interactive has built a
portfolio of leading lifestyle programming brands and we think this
complementary expertise will be a boon to Travel Channel's future growth."

Launched in 1987, Travel Channel has grown to become one of America's best
known cable television networks, today reaching about 95 million U.S.
television households. The television network, the cornerstone of Travel
Channel Media, supports a growing range of cross-platform initiatives
including Internet, mobile and social media applications. Cox became sole
owner of Travel Channel in 2007. Since then, distribution grew from 87
million to 95 million homes; international and domestic syndication grew 1300
percent; Travel Channel HD launched, successful new shows such as "Man v.
Food" and "Ghost Adventures Live" delivered coveted 1.0 ratings; and the
network won multiple Emmy Awards for the quality of their programming.

"Adding the Travel Channel and its related enterprises provides us with a
unique opportunity to meaningfully expand our portfolio into a lifestyle
category that is highly desirable to media consumers, advertisers and
programming distributors, said Kenneth W. Lowe, chairman, president and chief
executive officer of Scripps Networks Interactive. "Among cable companies,
Cox has an outstanding reputation for its vision and investment for the
long-term success of its businesses. We look forward to partnering with them
in this venture."

About Cox Communications:

Cox Communications is a broadband communications and entertainment company,
providing advanced digital video, Internet, telephone and wireless services
over its own nationwide IP network. The third-largest U.S. cable TV company,
Cox serves 6.2 million residences and businesses. Cox Business is a
facilities-based provider of voice, video and data solutions for commercial
customers and Cox Media is a full-service provider of national and local cable
spot and new media advertising. Cox Communications wholly owns and operates
Travel Channel. Cox is known for pioneering efforts in cable telephone and
commercial services, industry-leading customer care and its outstanding
workplaces. For six years, Cox has been recognized as the top operator for
women by Women in Cable Telecommunication; for four years, Cox has ranked
among DiversityInc's Top 50 Companies for Diversity; and the company holds a
perfect score in the Human Rights Campaign's Corporate Equality Index. More
information about Cox Communications, a wholly owned subsidiary of Cox
Enterprises, is available at www.cox.com and www.coxmedia.com.

SOURCE Cox Communications

David Grabert, Director, Media Relations, +1-404-269-7054,
David.Grabert@Cox.com