Discovery Communications and Scripps Networks Interactive closed an agreement for Discovery to buy Scripps through a cash-and-stock transaction valued at $14.6 billion. The deal is expected to close in early 2018. After completion, the combined company will have almost 20 percent of ad-supported pay-TV viewership and will make up over a 20 percent share of women who watch primetime pay-TV in the U.S. Additionally, the combined company will produce about 8,000 hours of original programming annually. The combined portfolio for both brands includes: Discovery Channel, TLC, Animal Planet, HGTV, Food Network, DIY Network, and the Cooking Channel, among others.

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