August 15, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI), was announced concerning whether the takeover of Scripps Networks Interactive, Inc. by Discovery Communications, Inc. is unfair to NASDAQ:SNI stockholders.

The investigation by a law firm concerns whether certain officers and directors of Scripps Networks Interactive, Inc. breached their fiduciary duties owed to NASDAQ:SNI investors in connection with the proposed acquisition.

On July 31, 2017, Discovery Communications, Inc. and Scripps Networks Interactive, Inc. (Nasdaq: SNI) announced that they have signed a definitive agreement for Discovery Communications, Inc. toacquire Scripps Networks Interactive, Inc. (NASDAQ:SNI) in a cash-and-stock transaction valued at $14.6 billion, or $90 per share, based on Discoverys Friday, July 21 closing price.

However, given that John C. Malone, Advance/Newhouse Programming Partnership and members of the Scripps family have already entered into voting agreements to vote in favor of the transaction and take certain other actions, in each case subject to the terms and conditions of their respective agreements, the
investigation concerns whether the offer is unfair to NASDAQ:SNI stockholders. More specifically, the investigation concerns whether the Scripps Networks Interactive Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Scripps Networks Interactive, Inc. reported that its annual Total Revenue rose from over $3.01 billion in 2105 to over $3.4 billion in 2016 and that its Net Income increased from $606.83 million in 2015 to$673.60 million in 2016.

Shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) closed on August 15, 2017 at $86.15 per share.