Discovery, Scripps tie-up a subscale DIY fix

Javier Stokes
July 19, 2017

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Viacom also has held talks to acquire Scripps, the sources said.

Viacom may be interested in Scripps as well, according to Reuters.

Scripps has always been considered a takeover target since the Scripps family trust that controlled the company ended five years ago.

Discovery's US portfolio includes Discovery Channel, TLC, Animal Planet, Investigation Discovery, OWN: Oprah Winfrey Network, Velocity, Science, American Heroes, Discovery Family and Destination America.

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Although it is by no means certain that a deal will be consummated, the mere fact that the pair have reportedly come back to the negotiating table is indicative of a willingness to explore the possibility.

The Wall Street Journal reported the cable television programmers are in talks of merging.

A deal with Discovery would bring these assets together with Discovery's networks - which include Discovery, TLC, Animal Planet, Investigation Discovery, and OWN in the U.S. - and a number of European brands, such as Eurosport.

Early morning Wednesday trading had Scripps stock soaring - 18% higher to $78.71; Discovery stock price was up 5.6% to $27.52.

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