July 23, 2014 8:43 PM ET

Media

Company Overview of Discovery Communications, Inc.

Company Overview

Discovery Communications, Inc. operates as a media company worldwide. The company operates in three segments: U.S. Networks, International Networks, and Education. Its content spans genres, including science, exploration, survival, natural history, technology, docu-series, anthropology, heroes, paleontology, history, space, archeology, health and wellness, engineering, adventure, lifestyles, crime and investigation, civilizations, current events, and kids. The company owns and operates nine television networks in the United States, such as discovery channel, TLC, animal planet, investigation discovery, science channel, military channel, destination America, velocity, and discovery fit and he...

One Discovery Place

Silver Spring, MD 20910

United States

5,700 Employees

Phone:

240-662-2000

Key Executives for Discovery Communications, Inc.

Chief Executive Officer
Age: 54
Total Annual Compensation: $3.0M
Chief Financial Officer and Senior Executive Vice President
Age: 48
Total Annual Compensation: $925.4K
Chief Development Officer
Age: 47
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2013.

Discovery Communications, Inc. Key Developments

Discovery Communications, Inc. Presents at Bank of America Merrill Lynch 2014 Global Telecom & Media Conference, Jun-03-2014 10:15 AM

Discovery Communications, Inc. Presents at Bank of America Merrill Lynch 2014 Global Telecom & Media Conference, Jun-03-2014 10:15 AM. Venue: Bank of America Merrill Lynch Financial Centre, 2 King Edward Street, London, EC1A 1HQ, United Kingdom. Speakers: Andrew C. Warren, Chief Financial Officer and Senior Executive Vice President.

Discovery Communications, Inc. Presents at The MoffettNathanson Media & Communications Summit, May-15-2014 10:00 AM

Discovery Communications, Inc. Presents at The MoffettNathanson Media & Communications Summit, May-15-2014 10:00 AM. Venue: Le Parker Meridien, 119 West 56th Street, New York, NY 10019, United States. Speakers: David M. Zaslav, Chief Executive Officer, President, Director ,Member of Executive Committee, Chief Executive Officer of Discovery Communications Holding LLC and President of Discovery Communications Holding LLC.

Discovery Communications, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Full Year Ending December 31, 2014

Discovery Communications, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $1,411 million compared to $1,156 million a year ago. Operating income was $434 million compared to $416 million a year ago. Income from continuing operations before income taxes was $349 million compared to $377 million a year ago. Net income available to the company was $230 million or $0.66 basic and diluted per share compared to $231 million or $0.63 diluted per share a year ago. Cash provided by operating activities was $241 million compared to $131 million a year ago. Purchases of property and equipment were $28 million compared to $26 million a year ago. Free cash flow was $213 million compared to $105 million a year ago. Adjusted operating income before depreciation and amortization increased 5% to $525 million. Adjusted earnings per diluted share, which excludes the impact of the amortization of acquisition related intangible assets, was $0.75 per diluted share in the first quarter of this year compared with $0.63 per diluted share in the same period a year ago. Free cash flow increases primarily due to increased operating performance, lower tax payments and a decline in losses from derivatives partially offset by higher content payments and increased stock-based compensation. Total adjusted OIBDA was $525 million compared to $500 million a year ago. Adjusted OIBDA decreased by $14 million compared to the first quarter a year ago, primarily due to the acceleration of certain stock-based compensation expense as well as increased professional and strategic transaction costs. For the full year ending December 31, 2014, the company expects total revenue between $6.45 billion and $6.625 billion, Adjusted OIBDA between $2.6 billion and $2.725 billion, and net income available to the company between $1.2 billion and $1.3 billion. Interest expense, net expects to be $375 million to $365 million and depreciation and amortization expects to be $330 million to $320 million.

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