Time Warner Cable is no longer on its
own as a major takeover target in the media industry.
Discovery Communications is considering
a bid for Scripps Networks, home to channels such as the Food
Network, WSJ reports.
A deal for Scripps could kick off a
wave of consolidation among TV channel owners who fear that separate
consolidation efforts among pay-TV providers could undermine their
ability to increase programming fees in the future — a big
complaint among distributors already, the story notes.
Discovery has yet to make a formal
offer for Scripps, which has long been seen as a potential takeover
target. Variety was first to report news of Discovery’s interest in
Scripps Tuesday.
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