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.

@jasonlynch Jason Lynch is TV Editor at Adweek, overseeing trends, technology, personalities and programming across broadcast, cable and streaming video.