5 Reasons a Merger Makes Sense for Discovery and Scripps—and 2 Reasons It Doesn’t

The companies are reportedly in talks to combine, which could benefit them both

The television industry could be on the verge of a big upheaval, as Discovery Communications is reportedly in talks to merge with Scripps Networks International.

The potential deal, first reported by The Wall Street Journal, would combine Discovery’s portfolio—with networks like Discovery, TLC, Investigation Discovery and OWN—with Scripps’ portfolio, which boasts HGTV, Food Network and Travel Channel. Discovery brought in $6.5 billion in revenue last year, while Scripps posted $3.4 billion in revenue.

Discovery Communications is valued at around $15 billion, while Scripps’ market valuation is $8.8

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