On November 10, 2009, Discovery Communications, Inc. adopted amendments to the Company's Bylaws, in order to: provide that notice of meetings of the Board of Directors and Board committees may be provided by electronic transmission or in writing, and eliminating the requirement that any waiver of notice be provided in writing; provide that consents by members of the Board and Board committees may be obtained via electronic transmission in order to facilitate e-mail or other electronic methods of consent; deleted the provision that the President of the company may not hold any office other than Chairman of the Boards; and deleted the requirement that the Treasurer shall also the Company's Chief Financial Officer.

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).