discovery buys scripps networks for 146 bn
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Discovery buys Scripps Networks for $14.6 bn

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Discovery buys Scripps Networks for $14.6 bn

A deal announced Monday will unite the Discovery Channel, TLC, Animal Planet, Eurosport and others operated
Washington - Al Maghrib Today

Discovery Communications announced Monday it was buying television rival Scripps Networks Interactive for $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 companies said they expect the deal to result in cost savings of some $350 million and open the door to global expansion.

The agreement to buy Scripps at $90 per share is a 34 percent premium above the July 18 closing price of the Tennessee-based company. It is expected to close in early 2018.

The cash-stock transaction will give Discovery shareholders 80 percent of the new company with the remaining 20 percent owned by holders of Scripps.

Source: AFP

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

discovery buys scripps networks for 146 bn discovery buys scripps networks for 146 bn

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

discovery buys scripps networks for 146 bn discovery buys scripps networks for 146 bn

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 03:58 2016 Saturday ,30 July

9 killed as building collapses in western India

GMT 09:35 2017 Thursday ,27 April

UAE delegation meet Pope Francis

GMT 12:34 2017 Sunday ,05 February

Footballer hoped to participate in Super match

GMT 10:48 2017 Thursday ,22 June

Combustible cladding found in UK tower blocks

GMT 03:48 2012 Sunday ,15 April

100 years of Santos magic

GMT 00:26 2012 Friday ,13 January

The Road to Tahrir Square

GMT 09:12 2017 Tuesday ,12 December

Ronaldo v Neymar as Real draw PSG

GMT 12:11 2012 Friday ,01 June

We test diet deliveries in Dubai

GMT 14:38 2017 Saturday ,18 November

Year-end top ranking not realistic

GMT 10:10 2015 Thursday ,24 December

Celebrity chefs create gourmet delights

GMT 10:17 2017 Sunday ,13 August

BAB introduces BIBF to its members

GMT 12:01 2013 Saturday ,16 February

Flu outbreaks updated daily

GMT 10:50 2012 Thursday ,14 June

Tamer Hosni to marry a Moroccan girl

GMT 13:17 2012 Wednesday ,04 January

Israel has hindered judicial performance

GMT 00:25 2012 Saturday ,28 January

In the Orchard, the Swallows

GMT 14:02 2013 Friday ,18 January

Sniper kills French journalist in Syria\'s Aleppo

GMT 12:50 2015 Sunday ,27 September

Springbok skipper De Villiers out of World Cup

GMT 23:00 2017 Friday ,24 February

Blast injures woman in Bahrain

GMT 06:02 2016 Saturday ,03 December

Finance minister: India cash crunch to ease by year-end
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday