- Discovery Communications (DISCA) has reportedly ended negotiations to acquire Scripps Networks Interactive (SNI), with the family that controls the latter apparently not ready to sell.
- The discussions hadn't got beyond the early stage and Discovery hadn't made a formal offer. The company will now return its focus to expanding overseas, including increasing its 20% stake in Eurosport.
- A deal would have combined Discovery's stable of "lifestyle-driven" channels with Scripps' Food Network, HGTV and the Travel Channel, and could have given Discovery more leverage and bundling opportunities in talks with pay-TV providers.
Discovery ends talks to buy Scripps
Jan 13 2014, 02:48 ET