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MoffettNathanson analyst downgrades Scripps, Discovery

MoffettNathanson Research analyst Michael Nathansondowngraded DiscoveryCommunications Inc. and ScrippsNetworks Interactive Inc. to sell from neutral, Broadcasting &Cable reported Sept. 27.

Nathanson cited broader industry trends like cord-cutting,declining live audiences and the corresponding lower-than-expectedaffiliate-fee growth as reasons for the downgrades.