Discovery Buys HGTV Parent In $14.6B Deal

From the Hollywood Reporter:

Discovery Communications and Scripps Networks Interactive have made it official, unveiling a $14.6 billion deal that will combine the two cable networks companies known mostly for non-scripted and lifestyle content.

Discovery will acquire Scripps in the cash-and-stock deal, which the companies said would bring together two sets of strong brands, including networks popular with women, allow for $350 million in cost savings, provide more international opportunities for Scripps’ business given that Discovery has been a global player longer than Scripps and give the merged firm more upside in digital and direct-to-consumer services.

Scripps operates HGTV, Travel Channel and Food Network, among others, while Discovery’s networks include the likes of Discovery Channel, Animal Planet, TLC and OWN. The companies said they would create “a global leader in real life entertainment” and “accelerate growth across linear, digital and short-form platforms around the world.”

  • bkmn

    More braindead TV programming coming soon to you.

  • bkmn
  • TheManicMechanic

    More programming and advertising for the Idiocracy.

  • roadtripboy

    Discovery has already owned The Travel Channel once before. They were unsuccessful at running it and sold it. And will mean a lose in jobs, since Discovery will most likely move Master Control operations from Knoxville to wherever they run their other channels.

    • Kruhn

      Silver Spring, MD literally a couple of miles from the DC city line.

  • another_steve

    I hate it when corporations eat other corporations.

    My bank has changed names four times since I’ve been a customer with them.

    • Anastasia Beaverhousen

      I once worked for a pharma company for 7 years. On my resume it looks like I worked for 4 different companies because of the mergers and acquisitions.

    • Skokieguy [Larry]

      A friend bought a home and at closing, they told him the mortgage had already been sold. Can’t even figure out the mechanics behind that, because sometimes real estate closings don’t happen or are delayed.

      • another_steve

        Have heard similar stories, Larry.

        The mortgage industry is a small step up from Day Trading.

    • Kruhn

      I may be joining the banking business soon out of desperation and I feel a little dirty.

      • another_steve

        Kruhn, were you around when “Union Trust” was a bank here in the Baltimore area? They were here when I moved to Maryland in 1979.

        I’ve lost track of how many times since then they’ve been consumed and taken over by other banks.

        Today — almost 40 years later – they’re “Wells Fargo.”

        • Kruhn

          That’s where (with some luck) I’m going to be working if everything pans out, and I feel a little dirty about it. I need a job though, stat!

          • another_steve

            My husband and I have had good experiences with Wells Fargo. Staff there are well-trained and customer friendly.

            Here in the Baltimore/D.C. area, Wells Fargo always has an employee contingent in the yearly Pride parades.

            Best of luck to you, Kruhn.

  • ByronK

    OT: Had to post this. Hilarious/creepy Monday morning tweet.
    https://twitter.com/TheRickyDavila/status/891346968424984576

  • Oh great. So now we’re gonna have “Househunters: Bigfoot.”

  • liondon#iamnotatraitor

    Honey Boo Boo moves in with Guy Fieri and hilarity ensues.

    • Gustav2

      They deserve each other.

    • Kruhn

      Honey Boo Boo and her mother have lost a lot of weight.

  • TrueWords

    Save your money and subscribe to Hulu and/or Netflix…get Roku or Apple TV and there is enough shows on either one of these services to satisfy your taste…

    http://www.ikonixmediatv.com/images/cut_the_cord_revolution.jpg

    • Duh-David

      Cablevision Time-Warner Spectrum just told be that beginning next month we will have to pay $5 extra, each month, for every TV using cable. I’m cutting the cord. Cable TV won’t exist as such in 5 years. It will all be web-based.

    • Assuming, of course, you have internet broadband access fast enough and with generous enough data allowances to permit regular viewing.

      • TrueWords

        I have the lowest data allotment and never had any issues…but I am NOT also watching over 2 hours a TV a day…but that is something you will have to discern for yourself

    • Kruhn

      Done a while ago. There are some great documentaries on YouTube of all places. BBC stuff and even a great WWI week by week narrative.

      • TrueWords

        I LOVE Youtube…always great stuff…

      • TrueWords

        People really should cut the cord…I am shocked at the fact that people complain about working long hours and pay for cable that they are not watching…those things do not add up in my mind…oh well…

        I also LOVE PBS shows on YouTube….

  • Spongebob CrankyPants

    Great. Now will get even more less than mediocre shows.

  • BeaverTales

    I don’t know about society’s priorities anymore.

    Low pay for civil service, healthcare workers and teachers/researchers, a drug epidemic, wars, famine, global warming. Yet people will pay a cool $14.6 billion for a aggressively condescending marketing channel about remodeling and how to best decorate your house with expensive looking crap from Pottery Barn.

    Now that I’m single and middle aged, my new decorating ethos is going to be minimalist in both size and decor, disability friendly and easy to keep clean…aka simple.

    • Ginger Snap

      My mother taught me to by classic and quality when decorating your home. I still have my first Thomasville Sofa I bought 25+ years ago and it still looks brand new and in style. Every piece iof furniture I saved to buy so it would last. Yes now that I’m older I have gone toward minimalistic decorating also.

    • Kruhn

      Don’t forget the food porn. Don’t forget the food porn.

  • The_Wretched

    Cannibalism at its finest.

  • nocadrummer

    NEW THIS SEASON!
    “Mobile Home Fixer-Upper”
    “Flip, or Flop on the Couch and Watch Tee-Vee”
    “Property Bros”
    “Meth Addict”
    “Selling Blackwater AZ”
    “Stockyard Crashers”
    “Love It or Hell, It’s Good Enough”

  • Friday

    More media consolidation into fewer hands, somehow cable TV still isn’t ‘better’ after all these decades…

    • Macbill

      I remember back in the 60’s when cable TV was trying to get established in my area: it claimed it would be ad-free. Right.

  • Paula

    Oh boy, I hope this brings us lots more reality TV shows. The world needs more of those.

    https://uploads.disquscdn.com/images/e745d34dd1e82b7bdace4058128f47b9265f5afc0ef4e13a856171e61073b514.jpg

  • Xiao Ai: The Social Gadfly

    Bye Property Brothers. Loved ya for a minute.

  • nipper

    “Known for non-scripted content” – eyeroll

  • Discovery broadcast group finally completes its complete domination of the doctor’s office and car service center waiting rooms captive viewing demographic…