The Travel Channel was launched on February 1, 1987. The channel's name was derived from the travel-related filler programming that aired between programs on the Home Theater Network. Discovery Communications acquired a 70% ownership stake in the channel in 1997. In May 2007, Discovery Communications sold Travel Channel to Cox Enterprises subsidiary Cox Communications as part of a larger multibillion-dollar transaction. Scripps Networks Interactive acquired a 65% ownership interest in the network for $1.1 billion in 2009. In March 2012, Scrippes Networks Interactive agreed to pay £65 million to acquire Travel Channel International Limited, the UK-based broadcaster which operates across the Europe, Middle East, Africa and Asia Pacific markets.
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