Discovery ends talks to buy Scripps

|About: Discovery Communications,... (DISCA)|By:, SA News Editor

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.