Scripps Networks Interactive

On March 6, 2018, Discovery Communications completed its acquisition of Scripps Networks Interactive, Inc. for $14.6 billion including the assumption of debt. The deal, which brought together two major players in ad-supported cable and satellite TV, was first announced on July 31, 2017.

Scripps Networks Interactive operated a number of popular lifestyle television networks, including HGTV, Food Network, and The Travel Channel. These cable services were part of the E.W. Scripps Company until July 1, 2008, when the cable networks and two online comparison shopping services split off into a publicly traded company: Scripps Networks Interactive (NYSE: SNI). Shares in the new company were distributed to Scripps shareholders on a one-for-one basis in the form of a dividend.

The new E.W. Scripps Company continued to hold the local newspaper and broadcast television properties of the old company.

In November 2009, Scripps Networks paid Cox Enterprises $181 million for 65 percent of The Travel Channel. Cox kept a minority interest in the channel. At the time of the deal, the service carried $696 million in net debt.

Scripps Networks Interactive was headquartered in Knoxville, Tennessee.

The Scripps televison channels acquired by Discovery included:

Cooking Channel
DIY Network
Food Network
Great American Country
HGTV
Travel Channel