Richard Drew / AP

Terms of the deal haven't been disclosed but sources tell The Wall Street Journal, who originally reported the potential deal, that it's possible that another bidder for Scripps could emerge.

The Maryland-based Discovery Communications Inc., owns Discovery Channel and other lifestyle programming, like Animal Planet and TLC,. Scripps, based Knoxville, Tennessee, also owns lifestyle/entertainment brands, like HGTV and Food Network.

Why it matters: This is part of a growing trend of media consolidation within the cable space as consumers cut cable plans for cheaper, streaming options. AT&T is trying to merge with Time Warner; Comcast owns NBC Universal; and Verizon just bought Yahoo and AOL. Mergers make sense when negotiating for better distribution deals with broadband carriers.

Go deeper

Ina Fried, author of Login
8 mins ago - Technology

Amazon wants to flood America with Alexa cameras and microphones

Photo: Amazon

In a Thursday event unveiling a slew of new home devices ahead of the holidays, Amazon made clearer than ever its determination to flood America with cameras, microphones and the voice of Alexa, its AI assistant.

The big picture: Updating popular products and expanding its range to car alarms and in-home drones, Amazon extended its lead in smart home devices and moved into new areas including cloud gaming and car security. The new offerings will also fuel criticism that the tech giant is helping equip a society built around surveillance.

Ben Geman, author of Generate
1 hour ago - Energy & Environment

Oil's turbulent long-term future

Illustration: Aïda Amer/Axios

The oil sector is facing risks from all sides.

Why it matters: Risk in the industry is nothing new. But these are especially turbulent and uncertain times. The industry's market clout has waned, the future of demand is kind of a mystery, and future U.S. policy is too, just to name three.

Meadows on Wray's voter fraud dismissal: "He has a hard time finding emails in his own FBI"

White House chief of staff Mark Meadows dismissed FBI Director Chris Wray's testimony that the U.S. has never historically seen evidence of widespread voter fraud, including by mail, during an appearance on "CBS This Morning" on Friday.

Why it matters: Meadows' statement highlights the Trump administration's strategy to sow doubt in November's election results by challenging the legitimacy of mail-in ballots, which are expected to skew heavily in Democrats' favor.

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