UPDATE 3-Discovery to buy Scripps Networks in bid for content clout

NEW YORK, July 31 (Reuters) – Discovery Communications Incis acquiring Scripps Networks Interactive Inc for $11.9 billionin a deal expected to boost the company’s negotiating leverageas pay TV operators lose subscribers and it seeks new audiences.
The post UPDATE 3-Discovery to buy Scripps Networks in bid for content clout appeared first on RocketNews | Top News Stories From Around the Globe.