Cable programming giant
For Discovery Communications, parent of cable networks Discovery and
"This partnership is yet another way for us to work with the best storytellers in the business," said David Zaslav, president and chief executive of Discovery Communications.
For Liberty Global, which has 23 million cable subscribers in Europe, All3Media will give it content to complement its powerful distribution operations.
"This is just the first step in our mission to own and develop content assets that support our core distribution platform across Europe,” Liberty Global Chief Executive
Liberty Global and its sister company
Discovery and Liberty are also said to be considering teaming up on a bid for Formula One.
The acquisition of All3Media continues a consolidation push among programmers, particularly those that specialize in unscripted fare. Britain's ITV this week struck a deal to acquire 80% of Leftfield Productions for $360 million.