Latest in Discovery Inc.

UPDATE: Former HGTV Windy City Rehab cohost Donovan Eckhardt has lost another leg of a defamation and libel lawsuit against the show. Sacramento judge Richard Sueyoshi ruled Tuesday that distributor Scripps and show producers Big Table Media ois covered by the First Amendment's free speech protections. "Defendant has…

Discovery, Inc. has extended the employment contract of chief financial officer Gunnar Wiedenfels through April 1, 2024. Wiedenfels came to Discovery in 2016 from ProSiebenSat.1 Media and saw the company through several major deals. In 2017, it acquired Scripps and became the dominant player in the in unscripted…

Discovery Inc. will see ad sales dip 10% or less in the current third quarter, an improvement from a 14% drop in the previous three months as the U.S. ad market slowly emerges from a COVID slump, said CEO David Zaslav. Internationally, he told investors at the Goldman Sachs media conference to expect strengthening 3Q…

TLC posted its best quarter ever in a pair of key demos with the just-ended April-June frame, lifted by the 90 Day Fiance franchise Elsewhere, Discovery’s numbers were boosted by OWN Spotlight: Where Do We Go From Here?, which focused on the killing of George Floyd, its aftermath and race in America. Hosted by Winfrey…

Discovery, Inc.’s key financials held steady last quarter from the year earlier with advertising flat despite declines in linear subscribers for the first three months of the year. Revenue eased 1% to $2.68 billion – and was unchanged excluding foreign exchange. Net income dipped 2% to $377 from $384 million. EPS was…

No surprise – Discovery, Inc. has canceled its live Upfront presentation in New York scheduled for May 12 at Jazz at Lincoln Center's Frederick P. Rose Hall. Most live broadcast and cable upfronts have been canceled as of today, as well as a number of NewFront presentations. The decision was made out of an abundance…