filed in Market News on Jan.13, 2014
REUTERS – Discovery Communications Inc and Scripps Networks Interactive Inc abandoned talks for a merger last week, the Wall Street Journal reported, quoting people familiar with the matter. The discussions did not go beyond the early, exploratory stage and Discovery had not made a formal offer for Scripps, the newspaper reported. (http://link.reuters.com/zez85v) A report in Variety had said in December that Discovery was considering a bid for Scripps, home to the Food Network and HGTV. The Scripps family did not appear ready to sell the cable company, Wall Street Journal said.