Discovery/Scripps TV merger approved with behavioural remedy 07.02.18
The European Commission has cleared at phase I the acquisition of Scripps by Discovery, a transaction combining two suppliers of wholesale TV channels. During the investigation concerns arose in respect of bargaining power potentially deriving from Scripps’ TVN24 news channel in Poland. These concerns were addressed by a commitment to supply TVN24 at a “reasonable fee” for seven years. RBB, working with Debevoise & Plimpton, advised Discovery during the Commission investigation.