Would a Scripps deal mean more cash for Discovery?
By Brian Stelter, CNN
Discovery Communications' interest in acquiring Scripps Networks Interactive is the latest indication that in the cable business, the bigger the better.
Discovery's interest in a bid was first reported on Tuesday by Variety, the Hollywood trade magazine. Both Discovery and Scripps declined to comment.
For Discovery, the end game would be more cable channels that it can use to extract additional cash from distributors like Comcast and DirecTV. "Discovery simply has the boots on the ground and negotiating muscle to ramp growth," Matthew Harrigan, a Wunderlich Securities analyst, wrote in a note to investors on Wednesday.
Read more of the article here.
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Brian Stelter is the host of "Reliable Sources" and the senior media correspondent for CNN Worldwide. Before he joined CNN in November 2013, Stelter was a media reporter for The New York Times. He is the author of the New York Times best-seller "Top of the Morning."
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