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Discovery Tops Street’s Q3 Profit Expectations And Raises Stock Buybacks
Those hoping that Discovery Communications’ Q3 earnings would tip them off to how media giants are doing generally might be frustrated by the cable network company’s report this morning. The Discovery-specific cross currents make it hard to discern broad trends.
But while the results were mixed, the company beat Wall…
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Discovery And Comcast Bury The Hatchet And Agree To Carriage Renewal Terms
This takes at least one of Wall Street’s big concerns about Discovery off the table. The programmer and Comcast say this morning that they’ve reached a “long-term, comprehensive renewal” agreement for the No. 1 cable company to carry Discovery’s 12 U.S. networks.
They didn’t disclose financial terms. But the deal…
What A Discovery! CEO David Zaslav Reeled In $156.1M In 2014
Is it a coincidence Discovery Communications released its proxy late on a Friday leading into a holiday weekend? I suspect not when you look at the breathtaking salary it discloses for CEO David Zaslav in 2014, the first year of his new contract. It’s $156.1 million, up from $33.3 million in 2013.
To be sure, the bulk…
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Discovery Says It Will Drive Velocity Overseas And Boost EuroSport Online
Discovery Communications has big plans for its overseas and digital businesses driven by new initiatives to expand its Velocity auto-themed channel and sell subs for its EuroSport online app, CEO David Zaslav says this morning. “Our international pillar gives us a real hedge as you look at the slowing of the U.S…
Discovery CEO Warns Cable Ops: Develop TV Everywhere, Or Else
The “or else” is that Discovery will bust up the cable TV programming bundle by licensing its channels and shows online to pay TV competitors, or developing its own direct-to-consumer streaming service.
“The best thing for us would be full deployment of TV Everywhere” — streaming just to cable and satellite customers…
Eileen O’Neill Leaving Discovery Communications
In a surprising about face, Eileen O’Neill, recently named global group president at Discovery Studios, has announced she is instead leaving the company.
In August, Discovery Communications president and CEO David Zaslav named the well-respected O’Neill who had been head of Discovery Channel, and who also had overseen…
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