Discovery to acquire Scripps Networks for $14.6 billion

SILVER SPRING, MD and KNOXVILLE, TN — Discovery Communications Inc. confirmed Monday it is acquiring Scripps Networks Interactive Inc. in a $14.6-billion cash-and-stock transaction that will bring together many of the leading lifestyle channel brands under one roof.In addition to its flagship Discovery Channel, Discovery’s portfolio includes TLC, Investigation Discovery, Animal Planet, Science and Turbo/Velocity, and OWN (Oprah Winfrey Network) in the U.S., as well as Discovery Kids in Latin America, and Eurosport, the leading provider of locally relevant, premium sports and Home of the Olympic Games across Europe.Scripps Networks’ channel brands include HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel...