Discovery buys Scripps Networks for United States dollars 14.6 billion

Darrell Miklos Jerry Roberts and executive producers Ari Mark and Darryl Frank of the docuseries 'Cooper's Treasure' speak onstage during the Discovery Channel portion of the 2017 Winter Television Critics Association Press Tour

(NASDAQ:DISCK) reached a new 52-week low on Monday. The stock had previously closed at $25.50. TheStreet upgraded Discovery Communications from a "c+" rating to a "b-" rating in a report on Monday, April 10th. Pivotal Research reiterated a "hold" rating and issued a $28.00 target price (up previously from $27.00) on shares of Discovery Communications in a research report on Sunday, April 23rd.

By combining the content of each company, Discovery has more power to create "skinny bundle" options for viewers, which offer fewer channels and are cheaper for people unwilling to shell out for a big, monthly cable bill.

ILLEGAL ACTIVITY NOTICE: "Discovery Communications, Inc". It opened the session with a $26.34 price tag, later ranging from $26.12 to $26.87, the range at which the stock has traded at throughout the day.

The stock has a market capitalization of $10.90 billion, a P/E ratio of 12.87 and a beta of 1.60.

Discovery Communications (NASDAQ:DISCK) last announced its quarterly earnings results on Tuesday, May 9th. Discovery Communications had a return on equity of 23.67% and a net margin of 17.50%.

Having a price of $86.91, Scripps Networks Interactive (NASDAQ:SNI) traded 0.58% higher on the day. (NASDAQ:DISCK) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.

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David Zaslav, President and CEO, Discovery Communications said: "This is an exciting new chapter for Discovery".

For the Current Quarter, the growth estimate for Discovery Communications, Inc.is 9.1%, while for the Next Quarter the stock growth estimate is 50%.

Discovery will also acquire Scripps' long-term debt of $2.7 billion, bringing the total price of the merger to $14.6 billion.

As is often the case with deals, shares of the buyer, in this case Discovery, were trending about 1.7 percent lower, while the stock of the takeover target rose about 1 percent. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Denali Advisors LLC increased its position in Discovery Communications by 1.8% in the first quarter.

U.S. based company, Discovery Communications, Inc. The firm owned 472,618 shares of the company's stock after buying an additional 5,324 shares during the period. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of USA and global trademark and copyright law.

"We may have more IP than any other media company". The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements.

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