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
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Spring Special
Save 30% Off an ADWEEK Subscription Today!
Already a member? Sign in