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Discovery Communications Announces Two Significant International Transactions - Acquisition Of SBS Nordic And Strategic Alliance

Discovery Communications Announces Two Significant International Transactions
    - Acquisition Of SBS Nordic And Strategic Alliance With TF1/Eurosport

PR Newswire

Dec. 14

-- $2 billion investment, including largest transaction in company history,
makes Discovery the #1 pay-TV programmer in Europe --

-- Media conference call at 8:30am EST Friday, December 14 --

WHAT:
Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) will discuss its
agreement to purchase ProSiebenSat.1 Group's SBS Nordic operations, including
leading TV networks in Norway, Sweden and Denmark,and its strategic alliance
with TF1, which includes 20% equity stakes in TF1's Eurosport Group and four
pay-TV channels in France.Discovery will host a conference call at 8:30 a.m.
EST on Friday, December 14.

WHO:
David Zaslav, President and CEO, Discovery Communications
Mark Hollinger, President and CEO, Discovery Networks International
Andy Warren, Chief Financial Officer,Discovery Communications
Bruce Campbell, Chief Development Officer and General Counsel, Discovery
Communications

WHEN:
Friday, December 14, 8:30AM EST

WHERE:
To access the conference call in the U.S. dial 1-800-435-1261, or outside of
the U.S. dial 1-617-614-4076, and use the following passcode: 98467764. Please
dial in approximately 10 minutes in advance to ensure you are connected prior
to the beginning of the call.A live audio webcast of the call also will be
available on Discovery Communications' website at
www.discoverycommunications.com.

A replay of the call will be available beginning approximately one hour after
the completion of the call until December 28, 2012. The replay can be accessed
by phone in the U.S. at 1-888-286-8010 and outside of the U.S. at
1-617-801-6888 using the following passcode: 39100295.

CONTACTS:
Michelle Russo, +1 240.662.2901, michelle_russo@discovery.com
Elizabeth Hillman, +1 240.662.2664, elizabeth_hillman@discovery.com

INVESTORS:
Investors: Craig Felenstein +1 212.548.5109, craig_felenstein@discovery.com

About Discovery Communications
Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) is the world's #1
nonfiction media company reaching more than 1.8 billion cumulative subscribers
in 217 countries and territories. Discovery is dedicated to satisfying
curiosity through 153 worldwide television networks, led by Discovery Channel,
TLC, Animal Planet, Science and Investigation Discovery, as well as U.S. joint
venture networks OWN: Oprah Winfrey Network, The Hub and 3net, the first
24-hour 3D network. Discovery also is a leading provider of educational
products and services to schools and owns and operates a diversified portfolio
of digital media services, including Revision3. For more information, please
visit www.discoverycommunications.com.

/PRNewswire -- Dec. 14, 2012/

SOURCE Discovery Communications

Website: http://www.discovery.com
 
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