Discovery buys Scripps for US$14.6b

Discovery Communications announced yesterday it was buying television rival Scripps Networks Interactive for US$14.6 billion (RM62.5 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.