Bought Scripps Network Interactive

I’m bit late to the table, but I took a small stab at Scripps Network Interactive (Ticker: SNI) today at $81.38 (6% position). It looks more and more likely that Discovery Communications (Ticker: DISCA) will come out as the winning bidder for Scripps Network (Ticker: SNI). There’s probably not much of a premium at the current price, but I believe there’s still some money to be made. We’ll see next week if Viacom (Ticker: VIAB) or Discovery Communications emerges as the winning bidder…