15 Apr '13, 8am

Scripps Networks acquires Singapore's Asian Food Channel

Scripps Networks acquires Singapore's Asian Food Channel

Scripps Networks acquires Singapore’s Asian Food Channel April 15, 2013 by Terence LEE Scripps Networks Interactive, an international media company, has announced today the acquisition of the Asian Food Channel (AFC) , a Singapore-based food-focused pay television network with about 8 million subscribers in 11 markets. Terms of the acquisition were undisclosed. Including AFC, Scripps now has three lifestyle television brands that are distributed in the region — Food Network and Travel Channel are the other two. “Asia and the rapid growth in pay television households throughout the region hold great promise for Scripps Networks Interactive and its international ambitions,” said Kenneth W. Lowe, the company’s chairman, president and CEO. “Acquiring the Asian Food Channel significantly expands our presence in key growth markets and provides us with a solid foundation on which...

Full article: http://sgentrepreneurs.com/2013/04/15/scripps-networks-ac...

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