Scripps in talks of merging with Discovery, Viacom

Scripps in talks of merging with Discovery, Viacom

Scripps in talks of merging with Discovery, Viacom

Discovery and Scripps have been in merger previously, including exploring a merger in late 2013 and 2014. Detailed results should be out on Aug 9. We are however impressed by Scripps Networks' expansion efforts. We are also impressed by its efforts to reward shareholders.

Other health care companies also traded higher, including health insurers. For the quarter, shares have been noted at -10.05%.

All three companies declined to comment. Scripps has been considered a buyout target in the past by Viacom to add to its massive network. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Shares of both Scripps and Discovery rose sharply in afterhours trading. SNI is already driving a 1.81% rally over the course of the past year and is now down -6.1% since this point in 2017. Narrowing in, the stock is at a distance of -15.55% from the 50 day high and 23.78% off of the 50 day low. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 17.10 and a beta of 1.44. (NASDAQ:SNI). Ifrah Fincl Services Inc has 0.12% invested in Scripps Networks Interactive, Inc. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.18 by $0.35. The company had revenue of $211 million for the quarter, compared to analyst estimates of $211.50 million. Year-to-date, AMC Networks' stock has been up 18%. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States & worldwide trademark & copyright legislation. 194,589 shares of the company's stock were exchanged. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Ibm Retirement Fund who had been investing in Du Pont E I De Nemours & Co for a number of months, seems to be bullish on the $73.59B market cap company. The disclosure for this sale can be found here.

Homebuilders jumped after the Commerce Department said construction of new homes rose 8 percent in June, breaking a three-month losing streak. Putnam Fl Investment Mgmt owns 2,826 shares for 0.02% of their portfolio.

Concert Wealth Management Inc increased Celgene Corp (CELG) stake by 271% reported in 2016Q4 SEC filing.

The Standard & Poor's 500 index rose 7 points, or 0.3 percent, to 2,467 as of 10:03 a.m. Wednesday on Wall Street. It has launched new cable channels around the world which are heavily focused on food, lifestyle and travel. The Company's segments include television, radio, digital, and syndication and other.

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