Wednesday, December 11, 2013

Discovery Communications considering buying TV channels such as Food Network, Travel Channel.

Discovery Communications is reportedly considering buying satellite pay-TV channels such as Food Network and the Travel Channel as ongoing consolidation is taking place in the pay-TV industry, according to the trade publication Variety.

Food Network and Travel Channel are part of a group of TV channels belonging to Scripps Networks Interactive which is looking for a possible buyer.

According to Variety, the possibility of Discovery Communications putting in a bid to buy Scripps Networks was discussed at a Discovery board meeting on Tuesday.

According to Variety, Scripps Networks Interactive's set of channels which include other channels not seen in South Africa or Africa, would make "a natural fit" for Discovery which already has channels such as TLC, Animal Planet and TLC Entertainment with an OWN block of programming..