< >

 

Discovery Communications Is Buying Scripps Networks In $14.6 Billion Deal

Discovery Communications is acquiring Scripps Networks Interactive for $14.6 billion in a deal that is expected to boost the combined company’s negotiating leverage with pay TV operators at a time when more people watch video online, the companies said on Monday.

The acquisition, which was completed last night, brings together Scripps’ largely female audience of lifestyle channels such as HGTV, Travel Channel and Food Network with Discovery’s Animal Planet and Discovery Channel, which primarily has male viewers.

Tags: , ,

Welcome to LNC Live News Stream Cloud