Travel Channel to find new home

The network for wanderers seems to be doing a bit of that itself these days. Cox Communications, which owns the Travel Channel, is shopping it around, with several companies expressing interest. So, will it wind up with Scripps Networks, which has the Food Network and HGTV? Or, could it wind up part of Rupert Murdoch‘s empire over at News Corp?

So far, Scripps seems to be in the lead, with Rupert’s folks not crazy about the climbing price of the channel. The latest bids, word is, are north of $1 billion. Back in June, when Cox first put it on the block, industry watchers figured it would fetch between $600 million and $700 million. Last week, the $900 million mark was pierced and has since been left in the rearview mirror.

The Travel Channel hasn’t landed yet, and it could take a while for the dust to settle. We’ll keep watching … the action, that is.

Roll with the rich in five easy steps: travel like you’re on the Forbes 400

From peaking through the curtain to first class to eyeing the VIP check-in line at the hotel, travelers are envious creatures. Someone else always has something we want – be it an experience, device or amenity. We fantasize about the perfect travel experiences, wondering what it must be like to [fill in the blank with what you dig most].

Nobody knows how to travel quite like the billionaires on the Forbes 400. Sure, this crowd isn’t hitting hostels, mingling with the locals and doing all the stuff we say we prefer. They’re busy with butlers and maids and yachts and poetry readings (sorry, not joking on this one). You’re not going to get the “genuine” travel experience if you roll like the rich, but who the hell cares? The last thing I’d want is genuine if I had that kind of cash.

Interested in traveling like the insanely wealthy? After the jump, there are five simple steps to running with the big dogs when you tour the world. It’s not nearly as hard as you might think … as long as you have the cash to back it up.

1. Vacation homes are a must
Yes, there’s something to be said for the luxury of a hotel’s best penthouse with butler service, private dining and a special entrance. You don’t want to mix with the proletarians, after all. But, this type of travel means you’re not in control. Eventually, you’ll find boundaries. So, to travel like the insanely rich, buy vacation homes in the places you like best.

2. Yacht or not
Vacation homes are nice, especially when they’re on the water, but you’ll never get away from land. To dart out from your troubles – or a collapsing Ponzi scheme – you need a yacht. Right now, yacht sales are in the tank, so you can get a better price than you may expect. Keep in mind that this is a billionaire‘s game: don’t try to do it on the cheap. If you can’t afford a yacht (or simply don’t want one), you can always explain away your yachtlessness with something about seasickness or a penchant for other vices (like mistresses).

If you do go the yacht route, pimp it out properly. Rupert Murdoch took friends and families on a cruise to Alaska. Just in case that wasn’t enough, his sailboat is decked out with a “technogym,” deep-sea diving equipment and king-sized sleeping cabins.

Do it big.

3. Join a club
Rich people and clubs … crazy. It starts in college, with the likes of Skull and Bones, and by the time these kids become adults, they’re paying ridiculous sums of money just to be allowed to spend money on dinner and drinks. Michael Bloomberg, New York‘s mayor, belongs to the Game Creek Club in Vail, Colorado. The privilege involves a $50,000 initiation fee, but I imagine the grub is fantastic.

4. Have the right friends
Again, Mayor Mike does it right, golfing with Ross Perot and Silvio Berlusconi. They’re both unbelievably wealthy and turned to politics after amassing fortunes in the technology/media space. When you’re that rich, you need to travel with people like you. So, be prepared to trade in your old friends – it’s nothing personal.

5. Do weird stuff
We all know that billionaires are crazy. So, when you travel, you can’t resign yourself to sightseeing, beach-sitting and cocktail-sipping. You have to do something bizarre … because you can. Stephen Spielberg attended a cliff-side poetry reading on Ireland’s Aran Islands before touring the moors on a motorized bike. Oracle chief Larry Ellison prefers speed, flying around in a MiG 29.