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Fly News Breaks for March 17, 2015
SNI
Mar 17, 2015 | 08:49 EDT
After Scripps agreed to buy the Polish general entertainment TV business, TVN, Bernstein says it is struggling to understand the logic of the deal. The firm said the price Scripps paid was too high, while the company does not expect any synergies, and it already had a presence in Poland. The firm believes that the deal will make it harder for Scripps to be acquired. It keeps a Market Perform rating on Scripps.
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