Insider Trades for Discovery Communications, Inc. show that the latest trade was made on 14 Jun 2017 where Campbell (Bruce L), the Officer completed a transaction type "Sell" in which 9283 shares were traded at a price of $26.43.
But what it won't do is solve the main issue confronting TV companies: The internet.
As a result of "the ratings and impression softness in the US market", Scripps cut its full-year 2017 guidance for revenue growth to 4 percent from 6 percent and for segment profit to no change from 3 percent growth. Company fiscal year is ending in December and analysts' consensus recommendation is Outperform for DVAX and estimated EPS for next quarter is $ -0.41.
U.S. television networks and cable providers are under pressure as more viewers watch their favourite shows and movies on phones and tablets.
Firms such as Amazon and Netflix are increasing competition in the sector. Online ads are still worth a fraction of TV ads but the audiences for the networks shows - and the ways in which they can package their content - has also grown enormously.
The combined entity will control nearly 20 percent of the ad-supported pay-TV viewership in the United States.
"The transaction supports and accelerates Discovery's pivot from a linear TV-only company to a leading content provider across all screens and services around the world", David Zaslav, Discovery's chief executive, told investors.
The pair highlighted their strength among female viewers in the United States market, claiming a more than 20pc share of women watching prime-time pay-TV. The total price of the deal, including debt, is $14.6 billion.
Discovery and Scripps will have almost a 20% share of ad-supported pay-TV audiences in the USA, the companies said.
Scripps has been considered a takeover target since the Scripps family trust, which controlled the company, was dissolved five years ago. At that time, Lowe will join Discovery's board of directors.
The deal requires regulatory and shareholder approvals.
The transaction, expected to close in early 2018, will see Discovery pay Scripps shareholders approximately $90 a share, representing a 34% premium to the company's most recent closing price. Gabelli reaffirmed a "buy" rating on shares of Scripps Networks Interactive in a research note on Thursday, July 27th. Discovery outbid Viacom Inc for Scripps, Reuters reported first last week. Guggenheim Securities and Goldman Sachs served as financial advisers to Discovery. Allen & Co and JPMorgan served as financial advisers to Scripps.
Gohil further said that they have also managed to establish contact with seven Congress MLAs, who were reportedly inaccessible. Shivakumar on Saturday said the BJP "government in Gujarat is harassing them and forcing them to cross over".
Starbucks acquired the US mall-based chain in 2012, with then-CEO Howard Schultz citing the huge potential for the tea market. While DavidsTea does have mall-based locations, the company doesn't restrict itself like Teavana does.
About 80 percent of those openings are for full-time roles, with another 10,000 part-time jobs at the company's sortation centers. This Wednesday, July 19, 2017, photo shows an Amazon Fulfillment Center in Miami.
Of all the stories she told me, the one I remember most was a particularly pointed one from her childhood. In her early career, the aging worldwide lions of directing lined up at her door and Moreau answered.
On Thursday Scaramucci told a New Yorker reporter: "Reince is a fucking paranoid schizophrenic, a paranoiac". Priebus later went on CNN's The Situation Room with Wolf Blitzer, claiming he had resigned from the post .
Several administration positions that were usually managed by the chief of staff now reported directly to Mr Trump. Elaine Duke, deputy secretary of Homeland Security, will be acting chief of the department.
The legendary birds have finally been unlocked in Pokémon GO , but not everything is going too well for Niantic right now. The event was plagued by internet connection problems that prevented many attendees from playing the game at all .
US officials say they've successfully conducted a missile defense test using a medium-range ballistic missile. South Korea had earlier deployed two such units but the rest were delayed due to environmental concerns.
Aisyah and Huong said that they believed they were carrying out a prank for a reality television show, and not a murder. Shah Alam High Court judge Justice Azmi Ariffin set the date for the trial, reports The Malaysian Star daily.
I can't think of a better person than General John Kelly to succeed me and I wish him God's blessings and great success. He defended the orders to reporters and lawmakers and insisted he indeed had been part of the decision-making process.
Hasenhuttl insisted he didn't have a problem with Liverpool's persistent pursuit, however, saying "that is football business". We don't have many injuries now, which is the best news and if we can stay fit, we can be very strong.
Some critics argued that this wasn't the correct time to do so and that the economy couldn't support such monetary policy. While businesses probably continued to carefully manage their inventories, they appeared to spend more in some places.
Fellaini has signed a 5 year contract with Galatasaray
There is still work to do in the coming weeks, but United will believe they can challenge for the Premier League title this term. The Chelsea boss said: "We know it will be hard next season". "Such a young player needs time ".
Russia-China joint drill not for military alliance, says Putin
The ministry also said it would bar the use of a summer house and storage facilities in Moscow by the USA embassy from August 1. Moscow has responded by ordering a reduction in the number of U.S. diplomats in Russian Federation and closing the U.S.