While a deal could come as early as next week, negotiations are ongoing and no agreement is certain, the sources added.
The exact value of Discovery’s offer could not be learned, but sources said it is a cash-and-stock bid, comprising mostly cash, and valuing Scripps in the region of $90 per share.
The sources asked not to be identified because the negotiations are confidential. Viacom, Scripps and Discovery declined to comment.
Discovery is in the lead to acquire Scripps Networks