Discovery Networks reportedly has entered into exclusive negotiations to purchase Scripps Networks, owner of Food Network, HGTV and The Travel Channel. Earlier suitor Viacom is now out of the process. The final deal could be worth more than $12 billion, likely in a mix of cash and stock.

  • Why it matters, per Axios' Sara Fischer: The added scale would give Discovery much more leverage to negotiate better distribution deals with the broadband giants.
  • Bottom line: "The Scripps channels are a near-perfect fit with Discovery, which includes Animal Planet, OWN, TLC and, of course, its namesake Discovery Channel. At the very least, a combined Discovery-Scripps could have more pricing power with cable TV providers, and some analysts see the merged company offering a skinny bundle of its channels." — Paul Bond, Hollywood Reporter

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Opposition leader Leopoldo López flees Venezuela

Venezuelan opposition politician Leopoldo López outside the Spanish embassy in Caracas, in 2019. Photo: Juan Barreto/AFP via Getty Images

Leopoldo López, a former political prisoner and prominent Venezuelan opposition leader, has left the country, his Popular Will party confirmed in a statement Saturday.

Why it matters: He's been an influential force in the push to oust President Nicolás Maduro's regime and a mentor to opposition leader Juan Guaidó. He'd been in the Spanish ambassador's Caracas residence since escaping house arrest in April 2019 following a failed military uprising.

Obama: The rest of us have to live with the consequences of what Trump's done

Photo: Joe Raedle/Getty Images

Campaigning for Joe Biden at a car rally in Miami on Saturday, Barack Obama railed against President Trump's response to the coronavirus pandemic, saying "the rest of us have to live with the consequences of what he's done."

Driving the news: With less than two weeks before the election, the Biden campaign is drawing on the former president's popularity with Democrats to drive turnout and motivate voters.

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