Discovery Agrees to Buy Scripps in $14.6 Billion Deal

The transcript discusses the acquisition of Scripps Networks by Communications for $14.6 billion, with a cash and stock offer. The deal was likely finalized at the Sun Valley Media Conference, excluding Viacom due to high costs. Scripps owns HG TV and the Food Network, making this a significant move in the unscripted programming market.

What was the total value of the acquisition deal for Scripps Networks?

• $20.3 billion

• $10.5 billion

• $18.9 billion

• $14.6 billion

Where did the executives likely finalize the acquisition deal?

• Chicago Business Forum

• New York Media Conference

• Sun Valley Media Conference

• Los Angeles Media Summit

Why was Viacom pushed out of the acquisition deal?

• They had internal management issues.

• They were not interested in the deal.

• They found the deal too expensive.

• They wanted to acquire a different company.

Which two major networks are owned by Scripps?

• HG TV and Food Network

• ESPN and Fox Sports

• CNN and BBC

• Discovery and National Geographic

What type of programming are HG TV and Food Network leaders in?

• Sports broadcasting

• Unscripted programming

• Reality TV

• Scripted dramas