Discovery, Scripps Networks end merger talks – WSJ

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. ( 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.

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