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  1. Home
  2. / Video

Blockbuster Deal in Cable Television, Discovery Buys Scripps

Discovery Communications DISCA says it will buy Scripps Networks SSP.
By JANE KING Jul 31, 2017 | 07:45 AM EDT
Stocks quotes in this article: DISCA, SSP

Discovery Communications (DISCA) says it will buy Scripps Networks (SSP) . It's a $14.6 billion dollar deal, $90 a share. Scripps owns The Food Network, HGTV and others. Discovery owns The Discovery Channel, TLC and Animal Planet.
General John Kelly will be sworn into his new job as White House Chief of Staff. He replaces Reince Preibus who resigned last week. It is hopes that Kelly will bring order to the administration. He also takes over as North Korea tested another Intercontinental Ballistic Missile over the weekend and Russia is retaliating, cutting U.S. diplomats, over sanctions imposed by the United States. Lowe's (LOW) swung to a profit in the recent quarter. The home improvement retailer reported a profit of $231 million versus a loss of $65 million a year ago. Home improvements retailers have, so far, been Amazon-proof and have benefited from a recovering housing market.

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TAGS: Investing | Video | Opinion | Stocks | Materials | Economy | Retail | Media | Consumer Services | Analyst Actions | Industrials | Economic Data | Consumer Staples | Real Estate | Mergers and Acquisitions | Financial Services

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Amid the Selling, Here's the Big Question Now

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Feb 25, 2021 4:43 PM EST

How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.

One Tweet Pulls the Rug Out From Under the Indexes

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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.

A Technical Look at the New Dow Jones Industrial Average

Bruce Kamich
Aug 25, 2020 1:11 PM EDT

Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.

Conagra Brands Looks Tastier After Its Upgrade to Buy

Bruce Kamich
Dec 30, 2019 12:39 PM EST

CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.

Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts

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Breaking down an approach to the long side of this biotech stock.

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