Discovery, Viacom, A+E Networks, AMC Networks, Scripps band together for new service

People who are tired of paying for TV sports channels they don’t watch will soon have a new option.

Cable channels owned by Discovery Communications, Viacom Inc., AMC Networks, A+E Networks and Scripps Networks Interactive will be part of a new streaming service expected to have a “soft launch” in coming weeks, people familiar with the situation say. Subscriptions will cost less than $20 a month.

The entertainment-focused...

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