The internationally popular infotainment, lifestyle and kids broadcaster Discovery has finally completed its $14.6 billion acquisition of Scripps Networks Interactive. Moving forward, the combined company will be officially known as simply Discovery, Inc.
Discovery president, CEO David Zaslav said: “Today marks another critical milestone for Discovery, as we become a differentiated kind of media company with the most trusted portfolio of family-friendly brands around the globe. As a new global leader in real life entertainment, Discovery will serve loyal and passionate audiences around the world with content that inspires, informs and entertains across every screen; deliver new ways for advertisers and distributors to reach highly targeted audiences at scale; and leverage our leadership position to create new value and growth opportunities for all of our stakeholders.”
As per media sources, former Chairman, President & CEO of Scripps Networks Interactive Kenneth W. Lowe, will join Discovery’s board of directors.
As per media sources, former Chairman, President & CEO of Scripps Networks Interactive Kenneth W. Lowe, will join Discovery’s board of directors.
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