Government OKs Discovery-Scripps Merger

Feb 28, 2018  •  Post A Comment

Discovery Communications’ acquisition of Scripps Networks Interactive has been given a green light by the U.S. Department of Justice and is expected to close March 6, MediaPost reports.

Discovery released a statement saying the DOJ had concluded its investigation into the proposed merger.

“Discovery announced its intention to buy Scripps in a cash-and-stock deal worth $11.9 billion in July 2017. The combined entity would control a suite of non-fiction channels, including Discovery Channel, Food Network, Travel Channel and TLC,” MediaPost reports, adding: “The combined company is expected to have more leverage in negotiations with distributors, both legacy players like cable companies, and new over-the-top entrants, and offer larger advertising packages running across multiple channels with similar non-fiction content.”

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