DRTV News Briefs: Jewelry Television to Pay E. W. Scripps $17M for Shop At Home Assets
Sarah Littman
June 25 2006
The E. W. Scripps Company and Jewelry Television have reached an agreement that will result in Jewelry Television acquiring certain assets of the Shop At Home television network. Jewelry Television will pay Scripps $17 million for fixed assets, including Shop At Home's building and real estate, satellite uplink facilities, information technology systems, the network's call center, Web site and production studios. Jewelry Television also intends to assume a number of agreements that Shop At Home has with broadcast television stations and operators of cable and satellite television systems to carry the network's programming. The transaction is expected to close by month's end. Jewelry Television announced that it intends to continue scale down operations of Shop At Home.
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