In 2013 we announced the sale of our entire investment in AFC, which operated the Asian Food Channel, a 24-hour TV channel broadcasting food and lifestyle programming tailored to audiences in the Asia Pacific region. We made our first investment in AFC in 2008. The sale was part of a 100% acquisition by former US media conglomerate Scripps Networks Interactive Inc. ("Scripps"), to strengthen its competitive position in Asia. Scripps was acquired in 2018 by Discovery Communications, who have since rebranded the Asian Food Channel as the Asian Food Network.