Discovery Communications to buy Scripps Networks

Posted online July 31, 2017 | 11:32 am

Discovery Communications Inc. signed a deal to buy Scripps Networks Interactive for $14.6 billion.

Scripps operates HGTV, Travel Channel and Food Network, among others, while Discovery's networks include the Discovery Channel, Animal Planet and TLC.

Reuters reports the combined entity would capture 20 percent of total cable viewership.

Read more from Reuters.

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