Breaking News 830 Posted July 26, 2017 Share Posted July 26, 2017 Viacom willing to buy Scripps Network in a cash deal. http://www.reuters.com/article/us-scripps-net-int-viacom-m-a-idUSKBN1AA2XW?utm_source=tvnewsinsider.com&utm_campaign=TVNewsInsiderLink&utm_medium=referral&ref=TVNewsInsider Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/ Share on other sites More sharing options...
CircleSeven 1955 Posted July 26, 2017 Share Posted July 26, 2017 Viacom willing to buy Scripps Network in a cash deal. http://www.reuters.com/article/us-scripps-net-int-viacom-m-a-idUSKBN1AA2XW?utm_source=tvnewsinsider.com&utm_campaign=TVNewsInsiderLink&utm_medium=referral&ref=TVNewsInsider It seems to be a battle between Viacom and Discovery over SNI. I'm hoping Discovery gets it. It fits more of their footprint than Viacom. Viacom needs to take time to deal with its own slew of networks they already have before they even think about acquiring new networks. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179585 Share on other sites More sharing options...
MXSans2 64 Posted July 26, 2017 Share Posted July 26, 2017 It seems to be a battle between Viacom and Discovery over SNI. I'm hoping Discovery gets it. It fits more of their footprint than Viacom. Viacom needs to take time to deal with its own slew of networks they already have before they even think about acquiring new networks. If Discovery gets it (I hope it does) this will reunite Travel Channel under the Discovery brand. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179595 Share on other sites More sharing options...
LoadStar 364 Posted July 27, 2017 Share Posted July 27, 2017 It seems to be a battle between Viacom and Discovery over SNI. And to be clear, Scripps Networks Interactive is a different company from E.W. Scripps. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179606 Share on other sites More sharing options...
CircleSeven 1955 Posted July 27, 2017 Share Posted July 27, 2017 And to be clear, Scripps Networks Interactive is a different company from E.W. Scripps. I know that. The cable nets were spun-off from EWS a decade ago. But both separate entities are still fully owned by the Scripps family. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179607 Share on other sites More sharing options...
CircleSeven 1955 Posted July 27, 2017 Share Posted July 27, 2017 It seems to be a battle between Viacom and Discovery over SNI. I'm hoping Discovery gets it. It fits more of their footprint than Viacom. Viacom needs to take time to deal with its own slew of networks they already have before they even think about acquiring new networks. Wow. That was fast. Follow-up from Variety. Viacom appears to have ended talks to acquire SNI (Finally, a Wise Move). However, talks continue between SNI & Discovery. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179617 Share on other sites More sharing options...
Action Newsroom 1283 Posted July 27, 2017 Share Posted July 27, 2017 Wow. That was fast. Follow-up from Variety. Viacom appears to have ended talks to acquire SNI (Finally, a Wise Move). However, talks continue between SNI & Discovery. Well, that's good. I also feel Discovery is the perfect owner for SNI. Their networks really look and feel like they are owned by Discovery (including Travel Channel, which was under Discovery previously). Anyone else is like a mixed bag. Viacom was a weird possibility more than just because of their restructuring plan. I believe this will be a perfect merger. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179621 Share on other sites More sharing options...
Breaking News 830 Posted July 27, 2017 Author Share Posted July 27, 2017 Looks like Discovery will gain the Scripps deal over Viacom. http://variety.com/2017/tv/news/viacom-drops-scripps-discovery-merger-1202508009/?ref=TVNewsInsider Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179627 Share on other sites More sharing options...
MXSans2 64 Posted July 27, 2017 Share Posted July 27, 2017 Looks like Discovery will gain the Scripps deal over Viacom. http://variety.com/2017/tv/news/viacom-drops-scripps-discovery-merger-1202508009/?ref=TVNewsInsider That was fast Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179632 Share on other sites More sharing options...
CircleSeven 1955 Posted July 27, 2017 Share Posted July 27, 2017 Looks like Discovery will gain the Scripps deal over Viacom. http://variety.com/2017/tv/news/viacom-drops-scripps-discovery-merger-1202508009/?ref=TVNewsInsider MediaPost posted that their sources say that they're close a deal at around $90 a share, valued at nearly $12B. A deal could be made by next week. Today, KJRH announced its' new morning team, comprised of 2 KOTV vets. Former anchor Scott Thompson and recent hire Lisa Jones, returning to TV after 16 years. http://www.tulsaworld.com/scene/scenelatest/longtime-kotv-anchor-scott-thompson-returns-to-tv-on-kjrh/article_e642b8da-43e3-5f4d-9e03-f1bf6ff6d473.html This better move the rating needle up, or it would be a major disaster for the station if it doesn't. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179641 Share on other sites More sharing options...
MXSans2 64 Posted July 27, 2017 Share Posted July 27, 2017 So will HGTV become Discovery Home? (most likely not) Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179647 Share on other sites More sharing options...
NewsMaster 226 Posted July 27, 2017 Share Posted July 27, 2017 Looks like Discovery will gain the Scripps deal over Viacom. http://variety.com/2017/tv/news/viacom-drops-scripps-discovery-merger-1202508009/?ref=TVNewsInsider If this goes through I hope Discovery will acquire the 30% in Food Network from Sinclair once (if?) the Tribune deal wraps up. Not that Sincrap would have much of a say the network, but still. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179653 Share on other sites More sharing options...
mre29 1537 Posted July 28, 2017 Share Posted July 28, 2017 So will HGTV become Discovery Home? (most likely not) I could be wrong, but I think the HGTV brand is strong enough that such a move would possibly backfire on them. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179665 Share on other sites More sharing options...
NEOMatrix 1299 Posted July 28, 2017 Share Posted July 28, 2017 So will HGTV become Discovery Home? (most likely not) The only Scripps network that might rebrand would be Great American Country into possibly Discovery Country. Other than that, the Scripps cable nets have enough brand equity to avoid a rebrand. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179666 Share on other sites More sharing options...
ColtFromGulfcoast 709 Posted July 31, 2017 Share Posted July 31, 2017 They just announced that this morning. http://www.hollywoodreporter.com/news/discovery-acquire-scripps-networks-146-billion-1022433 Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179865 Share on other sites More sharing options...
CircleSeven 1955 Posted July 31, 2017 Share Posted July 31, 2017 You can put the rumors to bed y'all. It is happenning. The SNI shareholders will be paid $90 a share ($63 in cash, $27 in stock) totaling $14.6B. The deal is expected to close by early-2018. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-179866 Share on other sites More sharing options...
SS8609 59 Posted August 10, 2017 Share Posted August 10, 2017 It's going to be interesting to see how Discovery's acquisition of Scripps will play out over the long term. Clearly, Scripps has been a quality leader in regards to its cable offerings, whereas Discovery has spent much of the last 10 to 15 years pandering to the lowest common denominator. I can recall when TLC was known for its science and medical documentaries, but those days are long gone. They are now a launching pad for any scandalous newsmaker to revive their dubious pop culture career beyond their 15 minutes of undeserved fame. If Discovery were to rebrand the HGTV and Food Network brands, you can expect enough outrage to make the front page of USA Today or the New York Times or the top story on Fox News or CNN. Those are established brands with dedicated audiences and familiar faces, have considerable brand equity, and have a unique character all their own. If Discovery were to shake up what ain't broken without any regards to genuine viewer opinion, this marriage is going to be a very rocky one. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-180670 Share on other sites More sharing options...
NEOMatrix 1299 Posted August 10, 2017 Share Posted August 10, 2017 I wonder if the Trading Spaces revival will make a bee-line for HGTV once the deal closes. Since it does fit HGTV better than TLC (which, let's be honest, has been crap since the current logo was introduced in 2004), I don't see why not. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-180698 Share on other sites More sharing options...
Action Newsroom 1283 Posted November 18, 2017 Share Posted November 18, 2017 Bumping, because... The MERGER'S ALMOST A GO. The shareholders give the OK. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-189216 Share on other sites More sharing options...
Conrad 113 Posted November 26, 2017 Share Posted November 26, 2017 I wonder if the Trading Spaces revival will make a bee-line for HGTV once the deal closes. Since it does fit HGTV better than TLC (which, let's be honest, has been crap since the current logo was introduced in 2006), I don't see why not. Fixed. With E.W. Scripps' Newsy now on Cox and Comcast in addition to Cincinnati Bell and online, alongside E.W. Scripps' original programming effort (The List, Right This Minute, etc., but that seems to be terrible), and their now wholly-owned diginets; maybe both Scripps companies should have re-merged. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-189764 Share on other sites More sharing options...
CircleSeven 1955 Posted March 1, 2018 Share Posted March 1, 2018 The DOJ has cleared the deal. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-197969 Share on other sites More sharing options...
CircleSeven 1955 Posted March 7, 2018 Share Posted March 7, 2018 And the deal.....is DONE. Discovery Communications is now known as Discovery, Inc. SNI. Link to comment https://localnewstalk.net/topic/15825-scripps-networks-merging-with-discovery/#findComment-198303 Share on other sites More sharing options...
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