, Columnist
John Malone's Deal Sense Is Usually Right
The TV network operator's merger with Scripps should help it adapt to the messy, new world of online television.
Signage is displayed on the exterior of Discovery Communications Inc. headquarters in Silver Spring, Maryland, U.S., on Thursday, July 20, 2017. Discovery, whose networks include the Discovery Channel, and Viacom Inc. are in talks to combine with Scripps Networks Interactive Inc., owner of HGTV and the Food Network, according to people with knowledge of the matter.
Photographer: Andrew HarrerThis article is for subscribers only.
Tough audience, huh, Discovery?
Discovery Communications Inc. this week reported what were actually decent third-quarter results. That didn't stop the unloved TV network operator's shares from getting crushed. They're down about 13 percent for the week and a miserable 40 percent for the year.