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
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

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