The companies said Monday that they expect about $350 million in cost savings
In this Tuesday, Oct. 14, 2014, file photo, Jonathan Scott (L) and Drew Scott, of HGTV's "Property Brothers" cable television show, mimic traders as they visit the post that handles Scripps Networks Interactive, on the floor of the New York Stock Exchange, after ringing the opening bell. Discovery Communications is buying media company Scripps Networks Interactive Inc. in a cash-and-stock deal worth $14.6 billion that will help it reach more female viewers, announced Monday, July 31, 2017. (AP Photo/Richard Drew, File), photo: AP/Richard Drew, File
31 of July 2017 12:28:29
SILVER SPRING – Discovery Communications will buy Scripps Networks for close to $12 billion, tying together two powerful stables of TV shows ranging from Animal Planet to the Food Network.The deal, announced Monday, puts the combined company in a strong position to draw more women viewers.Other channels include Discovery's TLC and the Discovery Channel. Scripps owns HGTV and the Travel Channel, among others. The combined company will house five of the top pay TV networks for women and account for more than 20 percent share of women watching prime-time pay TV in the U.S.