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# Discovery Communications and Scripps Networks Discuss Merger
- URL: https://capitolcommunicator.com/discovery-communications-and-scripps-networks-discuss-merger/
- Published: 2017-07-19T12:01:52.000Z
- Updated: 2017-07-19T12:06:37.000Z
- Author: Capitol Communicator
- Tags: B to B, #wp-top-center-sponsored, #Import 2026-10-08 18:48

**Shares in cable television programmers Discovery Communications,** based in Silver Spring, Md, and Scripps Networks Interactive jumped late Tuesday in after-market trading following reports that the two companies were once again trying to merge, [reports the Los Angeles Times](http://www.latimes.com/business/hollywood/la-fi-ct-scripps-discovery-merger-talks-20170718-story.html?ref=capitolcommunicator.com), which added that the Wall Street Journal “first reported talks between Discovery, which owns the Discovery channel, Animal Planet and TLC; and Scripps Networks, which owns such lifestyle channels as HGTV, Cooking Channel, Travel Channel and the majority stake in the Food Network.

“Scripps shares soared 14% to more than $76 a share in after-hours trading. Discovery’s A shares also experienced a bounce of more than 9% to $28.50.

“The talks reflect an increasingly challenged landscape for cable programmers, particularly medium-sized companies like Discovery and Scripps that are dependent on pay-TV programming fees for much of their income. That source of revenue is under pressure as more consumers opt for so-called skinny bundles or cut the pay-TV cord altogether.

“Representatives of Discovery, based in Silver Spring, Md., and Scripps, based in Knoxville, Tenn., declined to comment.”