Discovery, Scripps seek to link up in $12 billion TV deal

With the acquisition Discovery can cut costs and use Scripps's shows to further its international reach

With the acquisition Discovery can cut costs and use Scripps's shows to further its international reach

NE now owns 240,640 shares of the company's stock worth $6,813,000 after buying an additional 970 shares during the period.

Wall Street await Discovery Communications Inc.

Other large investors have also modified their holdings of the company. The company has market cap of $10.02 billion. Analysts have a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

"It's not about getting the biggest audience, its about getting an audience that you can nourish and loves you", Discovery CEO David Zaslav said. The business's revenue was up 4.7% compared to the same quarter a year ago.

Bartlett & Co. LLC maintained its position in Discovery Communications, Inc. The company rocked its 52-Week High of $30.25 and touched its 52-Week Low of $23.96. The stock ended last trade at $86.91 a share and the price is up more than 21.77% so far this year.

ILLEGAL ACTIVITY NOTICE: "Discovery Communications, Inc".

Teen accused of livestreaming deadly vehicle crash set to appear in court
Her defense attorney has requested all the information on the case, including medical records and the 911 call made by Sanchez. He said using a cellphone while driving is a traffic infraction, and that prosecutors must prove that she was intoxicated.

Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings results on Tuesday, May 9th. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.63 billion. After posting $0.41 EPS for the previous quarter, Discovery Communications Inc.'s analysts now forecast 65.85 % EPS growth.

ILLEGAL ACTIVITY WARNING: "First National Bank of Omaha Maintains Stake in Discovery Communications, Inc. (NASDAQ:DISCA)" was first posted by BBNS and is the property of of BBNS. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & worldwide trademark & copyright law.

DISCA has been the subject of several research reports. Discovery Communications now has a consensus rating of "Hold" and an average price target of $28.65. Finally, ValuEngine downgraded Discovery Communications from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd.

"While both companies have largely reality-based programming, the genres/ content are different, with Discovery's content more easily travelling globally vs. Scripps'", he said. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements.

Neither company has links to a US broadcaster or major domestic sports rights, so it will remain to be seen how much leverage the combined company will have with distributors.

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