, Columnist
Discovery Is Ready to Fast Forward
Obstacles specific to 2016 may be overshadowing a brighter picture.
This article is for subscribers only.
No one is ready for 2016 to be over more than Discovery Communications.
Before Tuesday, the $16 billion owner of the Discovery Channel and TLC had posted the worst 12-month performance among the main entertainment media stocks. Its ratings have trended downhill in the U.S., and margins have compressed from past years.