HGTV

Animal Planet to join HGTV? Discovery Communications and Scripps Networks' shares jump amid merger talks

Animal Planet to join HGTV? Discovery Communications and Scripps Networks' shares jump amid merger talks

Shares in cable television programmers Discovery Communications and Scripps Networks Interactive jumped late Tuesday in after-market trading following reports that the two companies were once again trying to merge.

The Wall Street Journal first reported talks between Discovery, which owns the Discovery channel, Animal Planet and TLC; and Scripps Networks, which owns such lifestyle channels as HGTV, Cooking Channel, Travel Channel and the majority stake in the Food Network.

Scripps shares soared 14% to more than $76 a share in after-hours trading. Discovery’s A shares also experienced a bounce of more than 9% to $28.50.

The talks reflect an increasingly challenged...

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