Cox no longer wants to Discover

-SHOMARI HINES Cox Communications plans to hand back its 25% stake in Discovery when Discovery boss and former Jeff Zucker minion David Zaslav cuts them a check for $1.28 billion. The deal is part of Zaslav's effort to build what he calls a strong, aggressive organization, you know the same kind of company all the other media suits are always trying to build. “This proposed transaction will simplify Discovery’s ownership structure, further streamline our operations and give the company more strategic flexibility,” said David Zaslav, DCI president and CEO, in a prepared statement. “With the structural changes we are putting in place, Discovery is creating a more efficient decision-making process and building a strong, aggressive organization poised for continued growth.” Cox to Give Up 25% Stake in Discovery for $1.28 Bil., Travel Channel [Mediaweek]