On November 13, 2012, Discovery Communications, LLC announced that Kurt Wehner was appointed to serve as the Company's Chief Accounting Officer. Mr. Wehner, age 50, joined the Company in September 2011, as its Vice President, Corporate Accounting and was named Senior Vice President, Corporate Accounting in March 2012.

On September 25, 2012, Discovery Communications, LLC (the borrower), Discovery Communications Inc. (the guarantor), the lenders party thereto and Bank of America, N.A., as administrative agent entered into Amendment No. 2 to the Credit Agreement dated as of October 13, 2010, as amended by amendment No. 1 dated August 8, 2011, among the Borrower, the Guarantor, the lenders and the administrative agent. Pursuant to the amendment, the lenders agreed to the following modified terms in respect of the credit agreement. The facility fee was reduced and the borrower will now be required to pay the Lenders a facility fee equal to the Applicable Rate, which will range from 10 basis points to 30 basis points based on the borrower's credit ratings from time to time, times the actual daily amount of the Lender's aggregate commitments under the senior credit facility, of usage; the applicable rate for euro currency rate loans and letter of credit fees were each slightly increased and will now range from 77.5 basis points to 145 basis points based on the Borrower's credit ratings from time to time; the Applicable Rate for base rate loans and swing line loans were slightly increased and will now range from 0 basis points to 45 basis points based on the borrower's credit ratings from time to time; and the maturity date of the senior credit facility was extended from October 12, 2015 to October 12, 2017. Following Amendment No. 2, the costs associated with drawn amounts under the Credit Agreement will remain the same in the aggregate as under Amendment No. 1 to the Credit Agreement.

On August 8, 2011, Discovery Communications, LLC, Discovery Communications Inc., as guarantor (the Guarantor), the lenders party thereto (the Lenders) and Bank of America, N.A., as administrative agent (the Administrative Agent) entered into Amendment No. 1 (the Amendment) to the Credit Agreement, dated as of October 13, 2010, among the Borrower, the Guarantor, the Lenders and the Administrative Agent. Pursuant to the Amendment, the Lenders agreed to the following modified terms in respect of the Credit Agreement: the Applicable Rate (as defined in the Credit Agreement) for euro currency rate loans and letter of credit fees were each decreased and will now range from 75 basis points to 145 basis points based on the Borrower s credit ratings from time to time; the Applicable Rate for base rate loans and swing line loans was decreased and will now range from 0 basis points to 45 basis points based on the Borrower s credit ratings from time to time; the facility fee was reduced and the Borrower will now be required to pay the Lenders a facility fee equal to the Applicable Rate, which will range from 12.5 basis points to 30 basis points based on the Borrower s credit ratings from time to time, times the actual daily amount of the Lender s aggregate commitments under the senior credit facility, regardless of usage; and the maturity date of the senior credit facility was extended from October 11, 2013 to October 12, 2015.