Discovery Communications buys Scripps Networks
3:15
YahooYahoo Finance Video
Discovery Communications buys Scripps Networks
It's official--Discovery Communications is buying Scripps Networks for $14.6 billion in cash and stock, or $90 a share. Yahoo Finance's Alexis Christoforous and Myles Udland discus what this deal means for the cable TV industry which is still dealing with declines in subscriber growth.
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