Rupert Murdoch’s News Corp. may be in the process of considering the sell off Fuel TV to help finance an approximately $800 million purchase of Travel Channel from Discovery, according to a Media Memo column by All Things D’s Peter Kafka.
If News Corp. does part with the channel, it won’t be a whopper of a deal: Fuel TV, which features skate and surf-themed programming like “The Adventures of Danny and the Dingo” (I know. Me neither) boasts just 25 million subscribers — about half of what cable networks need to get taken seriously by operators and advertisers.
Kafka said he spoke to several Wall Street analysts and no one could come up with an approximate price for the channel, which isn’t all the surprising. No one knows what it’s actually worth, if anything.
[Link: All Things D]
It’s worth at least the jobs of all the folks that work there.
I don’t want to be funemployed yet.
It could have been worth even more if Old Man Rupe and Comcast Cable could agree on terms to run Fuel on their network. Comcast owns 30% of the US market. An agreement was made in 07 but Fuel has yet to air.
I agree totally, FUEL TV sucks. Don’t get me wrong, the channel itself is great but the way its run, there have to be some semi intelligent monkeys making the decisions.
Damn! the only domestic action sports channel with no competition may not be worth anything??? TV is dead
Looks like this deal is real. And it’s $100-$500-million higher than Boardistan’s guess. (re: “No one knows what it’s actually worth, if anything.”)
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