All-Cash Deal For Scripps Networks?

7/26/17

By Yoel Minkoff, SeekingAlpha

Viacom (VIA, VIAB) has informed Scripps Networks Interactive (NYSE:SNI) that it's willing to pay all cash to acquire the $10.6B U.S. TV network operator, Reuters reports.

The move by Viacom, which had $12.2B in debt as of March 31, could potentially mean the company would lose its investment-grade status.

Scripps owns channels such as HGTV, Food Network and Travel Channel, against Discovery Communications.

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