Discovery to buy Scripps in a $14.6 billion deal to lock down lucrative female demographic

[TexasTowelie]

Discovery Communications Monday announced it has agreed to buy Scripps Networks Interactive in a $14.6 billion deal that creates a lifestyle programming engine with a global reach as cable companies navigate a disrupted media environment.

Scripps shares were up close to 1 percent in early trading while Silver Spring,Md.-based Discovery were down about 6 percent.

The deal called for Scripps shareholders to receive $90 a share, or about $11.9 billion, a 34 percent premium above where Scripps stock was valued when the talks were first reported nearly two weeks ago.

The $90 per share price includes $63 in cash and $27 a share in Class C Common shares of Discovery stock. Scripps’ debt is included in the deal, which brings its value to $14.6 billion.

Read more: http://magicvalley.com/business/discovery-to-buy-scripps-in-a-billion-deal-to-lock/article_991df33e-cb53-5d1d-9b02-a73e6f246cfd.html

[Rhiannon12866]

1. They used to be my "parent company"

I worked for a subsidiary of United Media. They were very generous with presents - I have all kinds of Snoopy and Garfield memorabilia.

[TexasTowelie]

2. Some of that memorabilia might be worth some money well.

As far as companies being generous, the insurance company I worked for was pretty nice with the swag. However, the IT company was extremely cheap. There was one holiday season where the only gift I received was a small rubber duck that they probably cost less than a $1.

I don't have a TV, but the last time that I did I would say that I watched the female oriented shows about an equal amount as the male oriented shows. It should be an interesting combination as the programming overlaps between the various networks.

[Rhiannon12866]

3. That's what I was told,

So I never let my mother open the package of Snoopy glassware, LOL. And my last job was working with the networks, mainly CBS and FOX - The Simpsons, not FOX News. Since FOX tried harder, they used to send gifts, too. I have a jacket and a sweatshirt, not to mention all kinds of mainly Simpsons stuff. My wardrobe used to mainly consist of Bart Simpson tee shirts - I also wore America's Most Wanted, LOL. And one Halloween, I convinced my colleagues to dress up with me - FOX had sent me Simpsons masks. So we dressed as The Simpsons - I was Bart! I froze in short pants...

But that was what I got for Christmas at work.

[Rhiannon12866]

4. I have MSNBC on now - and this is their breaking morning news.

[TexasTowelie]

5. We can count on DU for breaking news!

[Rhiannon12866]

6. When I recommend DU to people, that's my biggest selling point

I say that DU usually has breaking news before it's on TV. And it happens all the time - sometimes a couple of days before! DUers are incredibly plugged in...