February 01, 2015 5:26 PM ET

Media

Company Overview of Discovery Communications Holding, LLC

Company Overview

Discovery Communications Holding, LLC owns and operates television channels. 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
Chief Financial Officer and Senior Executive Vice President
Age: 48
Chief Executive Officer of Discovery Education and President of Global Distribution
President of Discovery Commerce
Age: 57
President of Advertising Sales
Compensation as of Fiscal Year 2014.

Discovery Communications Holding, LLC Key Developments

The National Cable Television Cooperative and Discovery Communications Announce Multi-Year Distribution Agreement

The National Cable Television Cooperative, or NCTC, and Discovery Communications have announced a multi-year distribution agreement to allow the continued delivery of Discovery's family of 13 US networks. The deal gives participating NCTC member companies TV Everywhere rights through subscriber authentication on multiple devices. As part of the long-term agreement, NCTC member customers will continue to have access to Discovery's US networks including Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science, OWN: Oprah Winfrey Network, Discovery Family Channel, American Heroes Channel, Discovery Fit & Health (to become Discovery Life Channel on January 15, 2015), Discovery en Espanol, Discovery Familia, Velocity and Destination America.

Discovery Communications Holding, LLC Announces Earnings Results for the Third Quarter of 2014; Provides Earnings Guidance for 2014

Discovery Communications Holding, LLC announced earnings results for the third quarter of 2014. For the period, the company reported net income available to common stockholders rose to $280 million, or $0.41 per diluted share, from $255 million, or $0.35 per diluted share, a year earlier. On an adjusted basis, which excludes the impact of amortization of acquisition-related intangible assets, its earnings per share were $0.46 in the latest quarter, up from $0.40 in the prior-year period. Total revenues climbed to $1.57 billion from $1.38 billion. The company reported 32% growth at International Networks was partially offset by a 1% decline at U.S. Networks, primarily due to additional revenue from licensing agreements in the prior year. The company cut its forecast for 2014 total revenue, now seeing it between $6.3 billion and $6.35 billion, compared to its prior view for $6.45 billion and $6.525 billion. The company also lowered its earnings guidance for the full year, adjusted net income between $1.275 billion and $1.305 billion, below its previous forecast of $1.34 billion to $1.4 billion.

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.

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