Discovery to acquire Scripps Networks in $11.9 billion deal

LOS ANGELES — Discovery Communications and Scripps Networks Interactive have reached an $11.9 billion deal to combine, a move aimed at creating a bulwark to withstand the challenges facing the television industry. Discovery plans to acquire Scripps — the owner of HGTV, Food Network and the Travel Channel — in a cash-and-stock transaction that was announced… Please follow and like us:

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