DISCA Discovery Communications, Inc featured news, full reports, and detailed charts
Discovery Communications, Inc (DISCA) Wrap Up:
Discovery Communications, Inc. (“Discovery”, we”, “us” or “our”) is a leading global media and entertainment company that provides original and purchased programming across multiple distribution platforms in the United States (U.S.) and approximately 170 other countries, with over 100 television networks offering customized programming in 35 languages. We also develop and sell consumer and educational products and services as well as media sound services in the U.S. and internationally. In addition, we own and operate a diversified portfolio of website properties and other digital services. We were formed on September 17, 2008 in connection with Discovery Holding Company (“DHC”) and Advance/Newhouse Programming Partnership (“Advance/Newhouse”) combining their respective ownership interests in Discovery Communications Holding, LLC (“DCH”) and exchanging those interests with and into Discovery (the “Newhouse Transaction”). ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2009%2f02%2f26%2f0000950133-09-000442.html#FIS_BUSINESS"Discovery Communications, Inc. (DISCA:NASDAQ)
Snapshot of Discovery Communications, Inc. (DISCA)
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OPEN
$30.79
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PREVIOUS CLOSE
$31.12
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DAY HIGH
$31.41
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DAY LOW
$30.48
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52 WEEK HIGH
11/18/09 - $31.99
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52 WEEK LOW
11/21/08 - $11.30
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MARKET CAP
4.2B
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AVERAGE VOLUME 3 mo
1.2M
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DILUTED EPS TTM
$1.18
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SHARES OUTSTANDING
135.2M
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DISCA Does Not Pay Dividends
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P/E TTM
26.3x
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| K = Thousands M = Millions B = Billions | ||
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DISCA Top Compensated Officers
Executives, Board Directors
Key developments for Discovery Communications, Inc. (DISCA)
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).
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.
DISCA Competitors
| Company | Last | Change |
| 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 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | DISCA | Industry Range |
| Price/Earnings | 26.4x |
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| Price/Sales | 3.8x |
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| Price/Book | 1.5x |
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| Price/Cash Flow | 6.3x |
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| TEV/Sales | 0.1x |
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DISCA |
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DISCA transactions
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| No transactions in the last 6 months. | ||
More Recent News About Discovery Communications, Inc
More news for DISCA
CBS show sales help offset drop in 3Q ad revenue
LOS ANGELES (AP) -- The sale of popular TV shows partly offset a drop in third-quarter advertising revenue at CBS Corp. but the company said ad trends are improving in the final three months of the year. "The light at the end of the tunnel continues each day to get brighter," Sumner Redstone, the executive chairman and controlling shareholder at CBS, told analysts on a conference call Thursday. "As the economy recovers, CBS will be a leading beneficiary in the upturn."CBS, which is based in New York, posted net income of $208 million, reversing a $12.5 billion loss a year ago in a quarter that was marred by impairment charges.Adjusted for one-time items, the earnings came to 25 cents per share, cruising past analyst expectations for 22 cents per share.Revenue fell less than 1 percent to $3.35 billion, also handily beating forecasts of $3.20 billion.Sales of shows "Medium," "Criminal Minds," "Ghost Whisperer," "Everybody Hates Chris," and "Numb3rs," to other networks as well as rate increases for pay-TV service Showtime more than offset a 5 percent drop in advertising sales.Total television revenue grew 9 percent to $2.27 billion but revenues at its radio stations, outdoor billboards and online sites fell.Chief Executive Leslie Moonves said prices for spot TV ads in the fourth quarter were up 25 percent compared to the early buying period for the fall season known as the "upfronts."Because the company held back ad inventory earlier to get higher prices, spot ads will make up about 35 percent of the inventory in the current quarter. Along with price increases, spot ad revenue will double in the fourth quarter compared to a year ago, Moonves said."It will affect the fourth-quarter network revenue in a very positive way, and it is not insignificant," Moonves said.The company maintained its outl...Click here to read the whole Article (external link)
[$$] Media Eyes Are Still Blinded by Cable
BY MARTIN PEERS If there is one business that should be viewed with eyes wide open, it is television. But judging from valuations put on Travel Channel and similar outlets in recent deals, media executives are wearing blinders. Scripps Networks Interactive's purchase of control of the Travel Channel values the Cox Communications' outlet at $975 million, a rich 12 times 2009 earnings before interest, taxes, depreciation and amortization, including projected cost savings. It is close to multiples paid for some other cable channels in recent years, including Sundance Channel, and the public market values at which pure-play cable-channel companies like Scripps and ......Click here to read the whole Article (external link)
Discovery Communications Launches DiscoveryNews.com, a New Website Dedicated to In-Depth Coverage of the World of Science and Technology
SILVER SPRING, Md., Nov. 9 /PRNewswire/ -- Building on its longstanding commitment to covering the world of scientific and technological advancement, Discovery Communications today announced the launch of a new dedicated website for its award-winning Discovery News service at www.DiscoveryNews.com. Additionally, a Discovery News App is now available for iPhone and iPod touch from the App Store. (Logo: http://www.newscom.com/cgi-bin/prnh/20080918/NETH035LOGO )Since 1998, Discovery News has been an industry leading producer of breaking news, in-depth coverage and analysis of developments in technology, space and earth sciences. Previously a feature within Discovery Channel's website, the new Discovery News reports on the science that matters to everyday life in addition to covering news of the spectacular -- from cutting-edge medicine and renewable energy to nanotechnology and flying cars."From breaking the news of the recovery of Steve Fossett's plane to today's exclusive feature on the discovery of Persian King Cambyses II's Army, lost for over two thousand years, Discovery News has earned a reputation for journalistic excellence with its compelling and in-depth coverage in subjects core to Discovery's brands," said Kelly Day, EVP of Digital Media and Commerce, Discovery Communications. "At a time when other news organizations are cutting back coverage in areas such as science and technology, th...Click here to read the whole Article (external link)
Discovery launches news Web site
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | ...Click here to read the whole Article (external link)
DISCOVERY COMMUNICATIONS, INC. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
Show all filings for DISCOVERY COMMUNICATIONS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for DISCOVERY COMMUNICATIONS, INC. 16-Nov-2009Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pr...Click here to read the whole Article (external link)
Smartphones And Internet Ads Drive Top Line Growth And Fuel Stock Picks From Kellogg Asset Portfolio Managers
67 WALL STREET, New York - November 10, 2009 - The Wall Street Transcript has just published its TWST Large Cap Growth Report offering a timely review of the sector to serious investors and industry executives. This 38 page feature contains expert industry commentary through interviews with award winning Portfolio Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Recovering Economy -- Domestic and Global Recovery -- Increasing Dividend -- Relative Opportunity & Opportunity Cost -- Downside Protection -- Bullish on Growth -- Valuations -- Effects of Healthcare Reform -- Development of New Products -- Innovation -- Growing Earnings -- Acquisitions -- Technologies -- Quality Control -- Equity Research Capabilities -- Sustainability and Predictability of Earnings Growth -- Source of Earnings -- Canadian Banking -- Dividend Cuts -- Discretionary Stocks -- High Volatility -- Concentrated Portfolios -- Undervalued Stocks -- Demand for Steel -- Increasing Production -- Growth -- Coal Mining Operations -- Surge in Consumer Spending -- Increase in Viewership -- Unit Volume -- Foreign Income -- Tax Rate Companies include: Abbott (ABT); Amazon (AMZN); Amgen (AMGN); Apple (AAPL); AutoZone (AZO); BHP Billiton (BHP); Bank of Montreal (BMO); Baxter (BAX); Broadcom (BRCM); CVS Caremark (CVS); Cameron International (CAM); Changyou (CYOU); China Telecom (CHA); China Unicom (CHU); Colgate-Palmolive (CL); ConocoPhillips (COP); Dell (DELL); Discovery Communications (DISCA); Emerson Electric (EMR); Express Scripts (ESRX); Genzyme (GENZ); Gilead Sciences (...Click here to read the whole Article (external link)
