Liberty Media’s John Malone is the dominant shareholder at Discovery, which has a market value of $9.9 billion.
With preferred shares, the value rises to $15 billion.
Its portfolio includes Discovery Channel, Investigation Discovery, TLC, Animal Planet, and the OWN partnership with Oprah Winfrey.
Scripps is valued at $8.8 billion, and includes HGTV, Food Network, Travel Channel, and Great American Country.
They offer customers fewer channels than the expanded basic TV bundle, but at lower prices.