Discovery Communications, Inc. has successfully completed its acquisition of Scripps Networks Interactive, Inc. with the combined company that will be officially known as simply: Discovery, Inc.
In Africa, Discovery's acquisition sees The Food
Network (DStv 175) and the Travel Channel (DStv 179) already carried on MultiChoice's DStv satellite pay-TV platform, join Discovery’s existing stable of TV channels currently available in the market like Discovery Channel (DStv 121), TLC (DStv 135), Discovery Family (DStv 136),
Investigation Discovery (ID) (DStv 171), Animal Planet, DTX and Discovery Science (StarSat 320).
"Today marks another critical milestone
for Discovery, as we become a differentiated kind of media company with the
most trusted portfolio of family-friendly brands around the globe," says David
Zaslav, president and CEO of Discovery.
"As a new global
leader in real life entertainment, Discovery will serve loyal and passionate
audiences around the world with content that inspires, informs and entertains
across every screen; deliver new ways for advertisers and distributors to reach
highly targeted audiences at scale; and leverage our leadership position to
create new value and growth opportunities for all of our stakeholders."
Discovery says the name change to Discovery, Inc.
demonstrates "a new focus on growth in the areas at which Discovery excels,
telling stories across deeply loved genres and empowering superfans to explore
their world wherever and whenever they choose".
Kenneth W. Lowe, the former chairperson, president and CEO of Scripps Networks Interactive will join Discovery’s
board of directors, effective immediately.
