Discovery to buy Scripps for US$14.6b
Print Edition
DISCOVERY Communications said yesterday it was buying television rival Scripps Networks Interactive for US$14.6 billion, a deal that will give it Food Network, Travel Channel and other channels in global markets.
The deal will unite the Discovery Channel, TLC, Animal Planet, Eurosport and others operated by Maryland-based Discovery Communications with the operations of Scripps, which include HGTV, DIY Network and Great American Country.
Scripps also operates Poland-based TVN; UKTV, a joint venture with BBC Worldwide; and Asian Food Channel.
Discovery’s president and chief executive David Zaslav said the deal will create a “more dynamic media company with a global content engine that can be fully optimized and monetized across our combined networks, products and services in every country around the world.”
In the US, the combined firm will serve nearly 20 percent of ad-supported pay-TV audiences, according to a joint statement.
Scripps chairman and CEO Kenneth Lowe said the deal is “an unmatched opportunity for Scripps to grow its leading lifestyle brands across the world and on new and emerging channels including short-form, direct-to-consumer and streaming platforms.”
The firms said they expect the deal to result in cost savings of US$350 million and help in global growth.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
