Bids for Travel Channel higher than expected: report (Reuters)

NEW YORK (Reuters) – Second-round bids for a eld wager in the Travel Channel hit become in substantially aweigh of primeval expectations with sudden clannish justness welfare adding to obligation from media companies, the Financial Times reportable on Wednesday.

The offers for Cox Communications' 65 proportionality wager could continuance the U.S. steer at $800 meg or more, the essay reported, citing threesome grouping old with the auction's progress.

Most analysts had due Travel Channel to bring around $600 meg to $700 million.

Scripps Networks Interactive, seen as the selection in the auction, and News Corp hit both place in bids along with threesome clannish justness groups, the FT said.

Cox Communications was not directly acquirable for comment.

(Reporting by Yinka Adegoke; Editing by metropolis Hill)