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November 23, 2009 2:19 AM ET

Discovery Communications, Inc.

(DISCA:NASDAQ)

LAST $31.16 USD
CHANGE TODAY +0.04 0.13%
VOLUME 1.2M
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Discovery Communications, Inc. (DISCA)

OPEN
$30.79
PREVIOUS CLOSE
$31.12
DAY HIGH
$31.41
DAY LOW
$30.48
52 WEEK HIGH
11/18/09 - $31.99
52 WEEK LOW
11/21/08 - $11.30
MARKET CAP
4.2B
AVERAGE VOLUME 3 mo
1.2M
DILUTED EPS TTM
$1.18
SHARES OUTSTANDING
135.2M
DISCA Does Not Pay Dividends
P/E TTM
26.3x
K = Thousands  M = Millions  B = Billions

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DISCA Details

Discovery Communications, Inc., through its subsidiaries, operates as a media and entertainment company worldwide. It provides original and purchased programming across various distribution platforms with approximately 100 television networks in 35 languages. The company operates cable and satellite television networks in the United States, including Discovery Channel, TLC, Animal Planet, Discovery Health, Discovery Kids, Science Channel, Planet Green, Investigation Discovery, Military Channel, FitTV, and HD Theater. It also distributes a network of 21 international television brands, including Discovery Channel; Discovery Channel; Discovery Science; Investigation Discovery; Discovery Turbo; Discovery World; HD Networks, Discovery Lifestyle Networks, such as Discovery Travel & Living, Discovery Home & Health, and Discovery Real Time; DMAX; Discovery Kids; People+Arts, Discovery en Español, and Discovery Familia. In addition, the company provides education services, including Discovery Education Streaming, an online video-on-demand teaching service; and Discovery Education Assessment, a service that enables K-12 educators to measure student progress. Additionally, it offers sound, music, mixing sound effects, and other related services to motion picture studios, independent producers, broadcast networks, cable channels, advertising agencies, and interactive producers; and operates an e-commerce site, DiscoveryStore.com. Discovery Communications has a joint venture agreement with Hasbro Inc. The company is headquartered in Silver Spring, Maryland.

DISCA Top Compensated Officers

Chief Executive Officer, President, Director ...
Age: 48
Total Annual Compensation: $5.5M
Chief Financial Officer and Senior Executive ...
Age: 42
Total Annual Compensation: $933.8K
President of Digital Media & Corporate Develo...
Age: 41
Total Annual Compensation: $848.8K
Senior Executive Vice President, Secretary an...
Age: 54
Total Annual Compensation: $565.4K
Senior Vice President
Age: 49
Total Annual Compensation: $62.5K
Compensation as of Fiscal Year 2008.

Key developments for Discovery Communications, Inc. (DISCA)

Discovery Communications Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009; Provides Earnings Guidance for the Full Year Ending December 31, 2009

Discovery Communications Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenues of $854 million were up slightly compared with the revenue of $845 million for the third quarter a year ago as 5% growth at U.S. Networks was partially offset by a 2% decline at International Networks, primarily the result of a $22 million unfavorable impact from foreign currency fluctuations. Adjusted Operating income before depreciation and amortization increased 17% to $364 million compared to $311 million for the same quarter a year ago, driven by 18% growth at U.S. Networks and 7% growth at International Networks. Total company Adjusted OIBDA margin increased to 43% for the third quarter from 37% for the same period a year ago. Net income available to stockholders of $95 million or $0.22 per basic and diluted share decreased $39 million compared to $134 million or $0.44 per basic and diluted share for the third quarter a year ago. The decreased results primarily reflect the $53 million growth in Adjusted OIBDA and $39 million lower tax expense in the quarter, which were more than offset by a $91 million expense in the current year from the unrealized change in the fair value of the mark-to-market share-based compensation, compared with a benefit of $65 million in the third quarter a year ago. Income from continuing operations, net of taxes was $95 million or $0.22 per basic and diluted share compared to income from continuing operations, net of taxes of $94 million or $0.31 per basic and diluted share for the same quarter a year ago. Operating income was $215 million compared to $296 million for the same quarter a year ago. Income from continuing operations before income taxes was $155 million compared to $227 million for the same quarter a year ago. Cash provided by operating activities was $38 million and acquisition of property and equipment of $9 million compared to cash provided by operating activities of $241 million and acquisition of property and equipment of $42 million for the same quarter a year ago. For the nine months, the company reported net income available to stockholders of $397 million or $0.94 per basic and diluted share on total revenue of $2,552 million compared to net income available to stockholders of $211 million or $0.74 per basic and diluted share on total revenue of $2,539 million for the same period a year ago. Income from continuing operations, net of taxes was $397 million or $0.94 per basic and diluted share compared to income from continuing operations, net of taxes of $169 million or $0.59 per basic and diluted share for the same period a year ago. Operating income was $943 million compared to $773 million for the same period a year ago. Income from continuing operations before income taxes was $794 million compared to $573 million for the same period a year ago. Cash provided by operating activities was $358 million and acquisition of property and equipment of $43 million compared to cash provided by operating activities of $423 million and acquisition of property and equipment of $84 million for the same period a year ago. Total Adjusted OIBDA was $1,074 million compared to $948 million for the same period a year ago. For the full year ending December 31, 2009, the company expects total revenue between $3,450 million and $3,500 million, Adjusted OIBDA between $1,430 million and $1,460 million, and net income available to company's stockholders of $525 million to $550 million. Outlook incorporates current foreign exchange rates for revenues and expenses, the removal of Discovery Kids from consolidated operations, current share price for mark-to-market share-based compensation calculations and the impact of OWN.

Discovery Communications, Inc. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

Discovery Communications, Inc. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

HSW International Inc., HARPO Productions Inc., Discovery Communications Inc. and Sony Pictures Television Inc. Announce Formation of Sharecare, Inc

HSW International Inc. announced that it has joined with Dr. Mehmet Oz, HARPO Productions Inc., Discovery Communications Inc., Sony Pictures Television Inc. and Jeff Arnold to form Sharecare Inc., an innovative healthcare platform for consumers to ask, learn and act on the questions of health.

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DISCA Competitors

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IAC InterActiveCorp $19.41 USD -0.20
John Wiley and Sons Inc $37.26 USD -0.06
Scripps Networks Interactive Inc $40.24 USD +0.15
New York Times Co $8.65 USD -0.19
Washington Post Co $414.30 USD -8.10
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Industry Analysis

Valuation DISCA Industry Range
Price/Earnings 26.4x
Price/Sales 3.8x
Price/Book 1.5x
Price/Cash Flow 6.3x
TEV/Sales 0.1x

DISCA

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