|Day's Range||24.82 - 25.63|
|52 Week Range||23.24 - 29.18|
|PE Ratio (TTM)||13.11|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Analysts at Evercore raise questions about the strategic rationale behind the potential combination of Discovery Communications and Scripps Networks.
Media investors spent the week as they often do these days: speculating about potential deal combinations in the industry. This time around, they focused their attention on Scripps Networks Interactive, ...
Discovery Communications Inc.’s renewed interest in acquiring the parent company of HGTV and the Food Network is being driven, at least in part, by a plan from the Silver Spring-based media company to package its unscripted programing with that of Scripps Networks Interactive Inc. for a $3 or $4 monthly streaming service. The strategy, reported by Bloomberg , comes as cable TV networks face more competition from online entertainment platforms like Netflix and Hulu. Discovery as well as New York-based Viacom Inc. have both in recent talks with Knoxville-based Scripps about a possible acquisition.