Pure-play cable company Scripps Networks Interactive is shopping for a partner, according to well-placed sources.
Ken Lowe, CEO of Scripps, which owns HGTV, Food Network and Cooking Channel, has been holding conversations about such a deal at the Sun Valley mogulfest, these sources said.
Scripps, with a market cap of $11.5 billion, has previously been the target of Discovery Communications and, before that, Disney, according to several reports.
It’s unclear who will bite this time, but Scripps is checking out the territory.
“Ken is asking around again,” one source said. “He is shopping himself to everybody. He is first off the dance floor. It makes sense they’re going to be taken out.”
A Scripps spokesman had no comment