Wednesday, July 19, 2017

Discovery in talks to acquire the owner of HGTV, Travel Channel

Discovery Communications Inc. is in talks to purchase Scripps Networks Interactive Inc., according to reports. If a deal were to happen, it would bring some of the biggest brands in cable television together under a single company worth about $19 billion, according to Reuters. Silver Spring-based Discovery (NASDAQ: DISCA) owns the Discovery Channel, Animal Planet and TLC, while Knoxville, Tenn.-based Scripps (NASDAQ: SNI) is the company behind HGTV and the Travel Channel and has a majority stake…



from http://www.bizjournals.com/baltimore/news/2017/07/19/discovery-in-talks-to-acquire-the-owner-of-hgtv.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/163182777832

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