Keyword: Scripps Networks Interactive
Discovery Communications is shelling out $70 million to raise its stake in Oprah Winfrey’s OWN cable channel from 45% to 70%.
Discovery Communications joined a handful of other cable programmers in Philo’s new skinny, nonsports streaming bundle this week, and the company said that more similar services may follow.
After almost a year of promises, a streaming bundle of entertainment-only cable networks is now a reality. Philo launched today, priced at $16/month.
Philo is launching a new entertainment-only streaming service featuring networks from A+E, AMC, Discovery and other strategic investors.
Discovery CEO David Zaslav used his company’s third-quarter earnings call to explain how retransmission fees are pressuring the pay TV industry.
Discovery Communications today reported third-quarter earnings which highlighted revenues totaling $1.65 billion, up 6% year over year.
Scripps Networks Interactive saw its third-quarter net income fall 15.2% to $124.1 million and its consolidated income fall 9.4%.
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Discovery’s potential $14.6 billion deal for Scripps Networks faces some serious headwinds and risks, says MoffettNathanson analyst Michael Nathanson.
Scripps Networks CEO Kenneth Lowe is due for a tidy compensation package if Discovery Communications completes its acquisition of his company.