Media Stocks to Watch

Discovery Communications, Scripps in talks to merge, WSJ reports

Discovery Communications (DISCA) is in discussions to merge with Scripps Networks (SNI), the Wall Street Journal reports, citing people familiar with the situation.

Terms of the negotiations could not be learned, the Journal says.

According to S&P Global Market Intelligence, Discovery has a market valuation of roughly $15B, while Scripps is valued at $8.8B, the report says.

STOCKWINNERS

To read timely stories similar to this, along with money making trade ideas, sign up for a membership to Stockwinners.

The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.

Leave a Reply

Your email address will not be published.