July 10, 2014 1:31 PM ET

Media

Company Overview of Discovery Communications Holding, LLC

Company Overview

Discovery Communications Holding, LLC operates as a global media and entertainment company which provides programming. The company was incorporated in 2007 and is based in Silver Spring, Maryland. Discovery Communications Holding, LLC operates as a subsidiary of Discovery Holding Company.

One Discovery Place

Silver Spring, MD 20910

United States

Founded in 2007

3,600 Employees

Phone:

240-662-2000

Fax:

240-662-1485

Key Executives for Discovery Communications Holding, LLC

Chief Executive Officer
Age: 54
Founder
Age: 62
Chief Financial Officer and Senior Executive Vice President
Age: 48
Chief Executive Officer of Discovery Networks International and President of Discovery Networks International
Age: 55
Chief Executive Officer of Discovery Education and President of Global Distribution
Compensation as of Fiscal Year 2014.

Discovery Communications Holding, LLC Key Developments

Discovery Communications Holding, LLC Reports Earnings Results for the First Quarter Ended March 31, 2014; Provides Revenue Guidance for the Full Year of 2014

Discovery Communications Holding, LLC reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company’s net income was essentially unchanged but better than expected during the first quarter, and rising customer demand for pay-tv programming drove revenue higher. The company earned $230 million, or 66 cents per share, for the three months ended March 31. A year earlier, the company earned $231 million, or 63 cents per share. Stripping out the impact of the amortization of acquisition-related intangible assets, earnings were 75 cents per share, or 4 cents. Revenue rose 22% to $1.41 billion from $1.16 billion, led by strong growth at its international networks division. The company provided revenue guidance for the full year of 2014. The company anticipates 2014 revenue in a range of $6.45 billion to $6.63 billion.

Velocity and Discovery Channel Names as Exclusive Television Homes of Barrett-Jackson

Velocity, Discovery Channel and The Barrett-Jackson Auction Company announced that the networks will serve as the exclusive television homes of BARRETT-JACKSON, beginning in January 2015. Velocity and Discovery Channel will broadcast more than 100 hours of live coverage of BARRETT-JACKSON auctions in Scottsdale, Ariz., Palm Beach, Fla., Reno Tahoe, Nev. and Las Vegas, Nev. Also as part of the agreement, BARRETT-JACKSON will air globally on Discovery Networks International.

Discovery Communications Partners With WASU Group for New Pay-TV Channel to Serve as Channel and Content Consultant for Qiu Suo

Discovery Communications (DISCA) has secured a content partnership with WASU Digital TV Media Group for China-based WASU's new 24/7 pay-TV subscription channel, Qiu Suo. Discovery will serve as a channel and content consultant to WASU for Qiu Suo, which translates to 'quest for knowledge'. Qiu Suo launched on March 16 and features award-winning and popular nonfiction entertainment from across the Discovery's worldwide networks including Discovery Channel, TLC and Animal Planet. Financial terms were not disclosed. Qiu Suo is owned and operated by WASU and is available exclusively to paid subscribers.

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