Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, New Discovery on a roll at General Satellite News forum; Discovery on a roll The Discovery Channel is celebrating its 22nd annual Shark Week ratings-fest with a clutch of very ...

LinkBack Thread Tools Display Modes
New Discovery on a roll
Bacteria's Avatar
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 102651
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 37
New Discovery on a roll - 14-August-2009, 14:10

Discovery on a roll

The Discovery Channel is celebrating its 22nd annual Shark Week ratings-fest with a clutch of very positive reports for its parent company, Discovery Communications.

Helped by positive reports from, amongst others, the Standard & Poors ratings agency, a Discovery Communications (DISCA) subsidiary issued $500m-worth of long term Senior Notes, due in 2019. The issue was raised from $350m such was market demand. Discovery will receive some $493m from the exercise, and use about $428m to repay debts due on October 31 2010. The balance will be used for general corporate purposes.

Discovery has just unveiled its Q2 results, where profits were up $43m to $183m on revenues that fell slightly to $881m. However, subscribers were up thanks to international roll-outs. International revenues were down 5% to $247m, and badly affected by the slump in ad-revenues which fell 13% to $78m. US domestic revenues were up 2%, distribution revenues rose 5% and ad-income rose 1%.

As we reported yesterday, Discovery has received approval to go ahead with 3 new channels in India, Science, Turbo and an HD channel. It means Discovery now has 6 channels serving India.

Discovery has also decided to join Comcasts significant OnDemand trial. Discovery has long been a fan of VOD but like many pioneers has waited to see any meaningful return on its investment.

Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump

ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.