Who Wins in Discovery Communications' Buyout of Scripps Interactive?
In this MarketFoolery segment, host Chris Hill, Million Dollar Portfolio's Jason Moser, and Stock Advisor Canada's Taylor Muckerman discuss the impact of this joining of two cable-focused media companies. With Scripps (NASDAQ: SNI) bringing to the table such high-profile channels as HGTV and the Food Network, the buyer may be getting the better end of the deal. So why did investors respond by cutting Discovery Communications' (NASDAQ: DISCA) share price on the already anticipated news? And what does the long term look like for the niche channels these companies feature?
A full transcript follows the video.
Source: Fool.com
