Tag Archives: Discovery Communications

Discovery, Scripps shareholders approve merger

Shareholders have approved the USD 14.6 billion deal that will see Discovery Communications acquire Scripps Networks Interactive, according to a SEC filing. The merger is expected to close by early 2018. The agreement to acquire Scripps was announced at the end of July. According to Discovery, the combined company will produce approximately 8,000 hours of [...]

Discovery to create shows for Facebook’s new video platform

Discovery Communications will develop premium mid-form shows for Watch,  the new platform for shows on Facebook. The media company announced that it will produce shows both inspired by leading Discovery Communications properties and created exclusively for Facebook. The first show of this agreement, Animal Planets Celebrity Animal Encounters is available from this week. In addition, [...]

Discovery to acquire Scripps Networks for USD 14.6 billion

Discovery Communications announced a deal to acquire Scripps Networks Interactive, owner of Food Network, for USD 14.6 billion. The transaction is expected to close by early 2018. In a press release, Discovery said that the combined company will produce approximately 8,000 hours of original programming annually, be home to approximately 300,000 hours of library content, [...]

Discovery and Scripps reportedly in merger talks

Discovery Communications and Scripps Networks Interactive, parent company of Food Network, are in merger talks, people familiar with the matter told Reuters on Tuesday. The companies did not confirm the information. This would be the second time they analyze the possibility of a merger since the two media companies broke off previous merger talks in [...]