Discovery buys Scripps for $14.6 bln. Becomes TVN owner

US media holding Discovery will buy its peer Scripps Networks Interactive for $14.6 billion. Back in 2015, Scripps acquired a 53 percent of the private broadcaster TVN, increasing its stake to 100 percent in the following months. Channels in Discovery portfolio have some 3 billion viewers worldwide, while Scripps-owned stations have some 220 million viewers globally. The combined media giant is expected to have 20 percent market share in the US.