Scripps Networks (SNI) agrees to acquire Virgin Media's (VMED) 50% stake of UKTV, a British...

|About: Scripps Networks Interactiv... (SNI)|By:, SA News Editor

Scripps Networks (SNI) agrees to acquire Virgin Media's (VMED) 50% stake of UKTV, a British cable channel operator, for ~$552M. The deal will allow Scripps, home of HGTV and the Food Network, to continue growing abroad, especially in Britain and Europe.