New Rumor: Yahoo is NOT Trying to Buy Food Network

Yahoo logo GAccording to a rumor about a rumor, Marissa Mayer and Yahoo have not approached Scripps Networks Interactive (SNI) about purchasing Food Network, one of the seven cable channels SNI owns. Variety reports that while Mayer and Yahoo execs might have considered purchasing the channel (and perhaps, SNI outright), they never discussed it with anyone at SNI.

This is the direct opposite of the hot rumor that has been circulating lately; that Mayer initially expressed interest in buying Food Network, and then talks progressed to buying SNI.

Variety claims “two individuals with direct knowledge of the situation” refuted that rumor. “The Internet media company has not — either formally or informally — ever approached SNI about a potential deal, according to the sources,” reported Variety.

Bottom line: One anonymous source says Mayer talked with SNI and two other anonymous sources say she did not. Pick a side and go with it.

Publish date: January 5, 2015 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT