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Discovery buys Fox Health

Discovery Health's major competitor is now part of the same team. The Health Network, originally a joint venture between Fox and Atlanta-based healthcare information company WebMD, has been sold to Discovery Communications. In exchange for the channel, Fox will receive US$155 million from DCI and a 10% equity stake in the Discovery Health Channel, including any of its worldwide channels.
October 1, 2001

Discovery Health’s major competitor is now part of the same team. The Health Network, originally a joint venture between Fox and Atlanta-based healthcare information company WebMD, has been sold to Discovery Communications. In exchange for the channel, Fox will receive US$155 million from DCI and a 10% equity stake in the Discovery Health Channel, including any of its worldwide channels.

The fate of The Health Network has been up in the air since January, when WebMD sold its 50% stake back to News Corp (Fox’s parent company). At the time, Jeff Shell, president and CEO of Fox, said Fox was considering selling, though it seemed more likely that the channel would be kept and retooled.

Discovery has not yet announced its plans for The Health Network, saying only that it plans to maximize the investment for both distributors and the Discovery Health Channel.

About The Author
Jillian Morgan is a special reports editor at realscreen with a background in journalism and digital marketing. She joined the publication in 2019 after serving as the assistant editor to trade publications HPAC and On-Site. With a bachelor of journalism from the University of King's College in Halifax, she also works as a freelance writer and fact-checker.

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