Scripps, Discovery Shares Rally Following Report Of Merger Talks

By Wallace Witkowski Markets MarketWatch Pulse

Shares of Scripps Networks Interactive Inc. and Discovery Communications Inc. both jumped in the extended session Tuesday following a report of a possible merger. Scripps shares surged 10% to $74 while shares of Discovery rallied 9.4% to $28.50 after hours. The moves followed a Wall Street Journal report that Scripps and Discovery are in talks to combine companies, a tie-up that had been discussed back in 2014 but later abandoned, according to people familiar with matter.

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