Deals
Discovery Interest in Scripps Driven by Visions of $3 TV Bundle
- Programmer could sell HGTV and TLC in low-cost online package
- Discovery vies with Viacom in advanced talks to buy Scripps
Discovery, Viacom Eye Scripps as Talks Heat Up
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Discovery Communications Inc. wants to offer web-TV service for the price of a Starbucks latte and sees HGTV’s owner as a key part of it.
Discovery is one of two companies, along with Viacom Inc., vying to buy Scripps Networks Interactive Inc., according to people with knowledge of the matter. The negotiations are at advanced stages and a deal could be announced by the end of the month, said the people, who asked not to be named because the discussions are private. Both see the parent of HGTV and the Food Network as a solid addition to their own channel lineups.