×
You will be redirected back to your article in seconds

Yahoo Pursued Scripps Networks Acquisition: Report

Yahoo engaged Scripps Networks Interactive last year about a possible acquisition, according to a report Thursday in Business Insider.

Yahoo CEO Marissa Mayer is interested in potentially taking the riches her company reaped from the Alibaba IPO and funneling them into cable networks, the report suggests. Yahoo approached SNI at some point in 2014 about purchasing Food Network, and the conversation eventually extended to acquiring the rest of a portfolio that also includes HGTV and Travel Channel.

Yahoo may have also approached Time Warner about acquiring CNN. But the report doesn’t suggest that either of these potential acquisitions are still in active discussions.

SNI has been mentioned as a potential takeover target in recent years, particularly in anticipation of the kind of industry consolidation that could occur should regulators approve the Comcast-Time Warner Cable and DirecTV-AT&T deals. Discovery Communications held preliminary talks with Scripps in late 2013, but a deal didn’t materialize.

The author of the report on Yahoo-Scripps is Nicholas Carlson, who recently published the book “Marissa Mayer and the Fight to Save Yahoo.”

A rep for Yahoo declined to comment, citing company policy on addressing rumors or speculation.

More Digital

  • JUMP camera

    Google Is Shutting Down Its Jump VR Video Program

    Google will shut down Jump, its cloud-based video stitching service, this summer. The company emailed creators Friday afternoon to tell them that Jump would be shuttered on June 28, and detailed plans for the shut-down on its website as well. In its email, Google justified the closure of Jump with the emergence of new video [...]

  • Relix Live Music Conference

    Relix Live Music Conference Puts Spotlight on Gender Parity, Privacy

    The third annual Relix Live Music Conference took place at New York’s Brooklyn Bowl earlier this week. The two-day confab, which featured panels and Q&As by executives from such companies as Live Nation, Q Prime, SiriusXM, Bowery Presents, Glassnote Music, Shorefire Media and Splice, among many others, offered a fascinating and honest look at the [...]

  • Spotify Tests 'Car Thing' Audio Adapter

    Spotify Starts Testing In-Car Hardware

    Spotify is carefully taking a first step into the consumer hardware space: The company has begun to test a new in-car device that lets users access music and podcasts with voice commands, it revealed in a blog post Friday morning. “Car Thing,” as the device is being called for now, is only being tested in [...]

  • Hannah-Hart-BuzzFeed-Tasty-Edible-History

    BuzzFeed's Tasty Taps Hannah Hart for Food-History Show on Facebook Watch

    YouTube star and food fanatic Hannah Hart is combining her passions for cuisine and history in a new series for BuzzFeed’s Tasty on Facebook Watch. The eight-episode show, “Edible History,” premieres Sunday, May 19, at 8 a.m PT, on BuzzFeed’s Tasty Presents show page on Facebook Watch, with episodes released weekly. In each episode (7-12 [...]

  • YouTube Music

    Songza Co-Founders Have Left YouTube Music Ahead of Google Play Music Shut-Down

    The three co-founders of Songza, a music curation startup acquired by Google in  2014, have left YouTube Music, Variety has learned. Former Songza CEO Elias Roman, former chief product officer Elliott Breece and former chief operating officer Peter Asbill all quietly transitioned to new positions at Google’s startup incubator Area 120 in March. A YouTube [...]

More From Our Brands

Access exclusive content