Overall sales growth ticked up to a 2% pace from flat in the prior quarter thanks to accelerating gains in the U.S. division. Discovery’s international business, which was responsible for more than half of revenue, posted flat sales and declining profits.
Category: Discovery Communications
Discovery Fourth-Quarter Earnings Beat Estimates, U.S. Ad Revenue Rises Slightly
The cable networks company, led by CEO David Zaslav, saw revenue fall below expectations as ratings were affected by bigger news channel audiences due to the U.S. presidential election, but ad prices rose. Discovery Communications, the company behind such cable networks as the Discovery Channel, TLC and OWN, on Tuesday reported better-than-expected fourth-quarter earnings.
Discovery, Sky Renew Carriage Agreement
Affected by a U.S.-style showdown that culminated in a last-minute deal were a dozen networks, including Discovery Channel, TLC, Eurosport, ID and Animal Planet, in the U.K. and four in Germany. Discovery Communications and pay TV giant Sky on Tuesday evening reached a new carriage agreement after a U.S.-style carriage dispute, rarely seen in Europe, that had threatened to see Discovery take its channels off the Sky platform in Britain and Germany.