HGTV and The Food Network have a new owner!
Discovery Communications announced Monday morning their plans to buy the Scripps Networks Interactive for $11.9 billion, which means Discovery would own 20% of advertising-supported pay-television.
David M. Zaslav, chief executive of Discovery Communications, released a statement saying…
“We believe that by coming together with Scripps, we will create a stronger, more flexible and more dynamic media company.”
We approve, as long as you don’t mess with Fixer Upper!