People/Biz

Discovery-Scripps deal gets OK from European Commission

Discovery Communications’ acquisition of Scripps Networks Interactive has cleared one regulatory hurdle. The Silver Spring-based global network group announced this morning (February 6) that the European Commission (EC) has cleared the ...
February 6, 2018

Discovery Communications’ acquisition of Scripps Networks Interactive has cleared one regulatory hurdle.

The Silver Spring-based global network group announced this morning (February 6) that the European Commission (EC) has cleared the proposed deal, subject to conditions.

The EC’s approval hinges on Discovery’s commitment to offer third party distributors the right, on a non-exclusive and unbundled basis, to distribute TVN24 and/or TVN24 BiS in Poland.

Scripps completed its acquisition of Polish media company TVN in 2015. The two channels are part of TVN’s portfolio of free-to-air and pay-TV offerings.

“We are pleased with the positive decision of the European Commission,” said David Zaslav (pictured), president and chief executive officer, Discovery Communications, in a statement. “We believe that joining the Discovery and Scripps Networks’ family of brands and assets will allow us to better serve our passionate fans with more content on more platforms worldwide, while at the same time optimizing our business for greater efficiency.”

While the closing of the transaction, first announced in July of last year, is contingent upon obtaining additional antitrust clearances and satisfying other customary closing conditions, Discovery says the deal is expected to close later in the first quarter of this year.

About The Author
Barry Walsh is editor and content director for realscreen, and has served as editor of the publication since 2009. With a career in entertainment media that spans two decades, prior to realscreen, he held the associate editor post for now defunct sister publication Boards, which focused on the advertising and commercial production industries. Before Boards, he served as editor of Canadian Music Network, a weekly music industry trade, and as music editor for HMV.com. As content director, he also oversees the development of content for the brand's market-leading events, the Realscreen Summit and Realscreen West, as well as new content initiatives.

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