Discovery Communications Is Acquiring Scripps Networks for $14 Billion, Bolstering Its Digital Offerings
It will now control 20% of ad-supported cable viewership
Two major networks are coming together today.
Photo Illustration: Dianna McDougall; Sources: Scripps, Discovery
Two weeks after Discovery Communications and Scripps Networks Interactive’s merger talks went public—and three and a half years after their initial negotiations collapsed—the companies are headed down the aisle, as Discovery announced today that it will officially acquire Scripps for $14.6 billion.
