Discovery Weighs Bid for Food Network Owner

December 10, 2013 at 7:00 pm PT

Discovery Communications Inc. is considering a bid for Scripps Network Interactive, the owner of cable channels like the Food Network and HGTV, according to a person familiar with the matter.

Such a deal would combine two cable-channel owners specializing in nonfiction television, which between them have a market capitalization of around $34 billion. Discovery owns the Discovery Channel, Animal Planet and TLC.

Discovery has yet to make a formal offer and may still decide not to proceed, the person said.

Read the rest of this post on the original site »

Tagged with: Animal Planet, cable, Discovery Communications, Food Network, HGTV, Keach Hagey, Scripps Network Interactive, The Wall Street Journal, TLC, WSJDN

Must-Reads from other Websites

Why Apple Should Buy China’s Xiaomi

Panos Mourdoukoutas, Contributor, Forbes

What I Didn’t Say

Paul Graham, Founder, ViaWeb

We Need to Talk About TED

Benjamin Bratton, Journalist, The Guardian

I, Glasshole: My Year With Google Glass

Mat Honan, Senior Writer, Wired

All Together Now

Chris Ware, Writer, The New Yorker

The Sculpture on the Moon

Corey S. Powell and Laurie Gwen Shapiro, Contributors, Slate

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.