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Discovery-Scripps deal tops July media M&As

S&P Global's Chart Watch examines merger and acquisition activity in the media, new media and communications sectors in July.

Discovery Communications Inc.'s pending acquisition of Scripps Networks Interactive Inc. outpaces all other media deals in July with a transaction value of $14.9 billion. Under the terms of the deal, Scripps shareholders will receive $90 per share, comprising of both cash and stock.

The media and entertainment and new media sectors as a whole ended the month of July with 61 deal announcements, up from 51 deals in June. Aggregate transaction and deal values for the sectors rose to $19.52 billion and $15.82 billion, respectively, from $0.18 billion and $0.18 billion in June.

The communications sector saw 10 deals in July, with aggregate transaction and deal values of $9.36 billion and $9.08 billion, respectively.

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