Discovery Stated To Be In Final Stages Of Talks To Acquire Scripps

Discovery Communications is in advanced discussions to buy Scripps now that Viacom is out of the competition, people briefed on the matter said Thursday.
The competition over Scripps has taken place amid a sweeping wave of consolidation in the telecom and media industries.
PhotoThe race for the owner of Food Network and HGTV, Scripps Networks Interactive, has come down to one finalist.
An announcement could come as soon as next week, some of these people said, cautioning that talks could still fall apart.
News of Viacom’s exit from negotiations with Scripps was reported earlier by Reuters.

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