Following media reports that Discovery Communications (DISCA) and Scripps Networks (SNI) are in talks to merge, Loop Capital analyst David Miller said he sees strategic merits to such a combination, such as the fact that Discovery is strong overseas, but Scripps is not, while Scripps has been successful with OTT, where Discovery has struggled. However, he thinks the Scripps family voting block could be an issue to getting a deal done and believes any deal would likely have to be structured as a stock-for stock transaction. Miller keeps a Hold rating and $29 price target on Discovery shares.