Discovery to buy Scripps in $14.6bn deal

Discovery to buy Scripps in $14.6bn deal
 

Discovery Communications, owner of the Discovery Channel and Animal Planet, is buying Scripps Networks for $14.6bn (£11.1bn) in a deal that combines two major US television companies.
Scripps' channels include the Food Network and Travel Channel. The two companies are estimated to have 20% of ad-supported TV viewership in the US
The two said the deal would enable them to compete better with online options.
Firms such as Amazon and Netflix are increasing competition in the sector.
Discovery and Scripps are also grappling with changing models of distribution, as cable companies respond to... read more

 
31 July 2017 in Business, Views: 55
Source: BBC
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