Discovery in Talks to Combine With Scripps Networks: Report

Another bidder for Scripps could emerge
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Discovery Communications is in talks to combine with Scripps Networks Interactive, according to a report in theWall Street Journal.

Terms of the potential deal couldn’t be learned by the paper, which added that another bidder for Scripps could emerge.

The report come amid difficult times in the cable TV business as more consumers drop their pay TV subscriptions and watch digital video instead.

Discovery and Scripps both own mainly non-fiction cable channels and do not have ties to the broadcast networks or sports franchises that would make them must-haves as programming bundles get skinnier.

Go to broadcastingcable.com for the full story.

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