Monday, January 13, 2014

Discovery Networks and Scripps break off talks over the tantalising possibility of Discovery taking over Scripps' TV channels.

Discovery Communications and Scripps Networks Interactive are no longer talking about the possibility of Discovery buying and taking over Scripps and all its TV channels, the Wall Street Journal reports.

Last month the trade publication Variety reported that Discovery Communications was thinking about the option of maybe acquiring Scripps - a tantalising possibility which would have seen TV channels such as Food Network and the Travel Channel become part of Discovery's television collection.

The Wall Street Journal has unnamed sources which say talks between Discovery Communications and Scripps Networks International has ended, which means that Discovery will not be buying Scripps.