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.
Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.
