The entertainment company delivers more than 8,000 hours of original programming each year with a portfolio that includes Investigation Discovery, Food Network, TLC, OWN, HGTV and Discovery Channel.
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News about Discovery
TRVLR show will have 38 immersive episodes.
Facebook is also testing how ads work within shows.
The transaction is valued at $90 per share
Will the unusual step of streaming full episodes online stem the tide of slipping ratings?