Revenues, Profits Rise at Discovery

SILVER SPRING, November 7: Driven by its international networks,
Discovery Communications, announcing its first set of financials as a publicly
traded company, posted third-quarter revenues of $845 million, an 11-percent
increase on a year ago, with a profit of $134 million.

David Zaslav, Discovery's CEO, said the results demonstrate "the strength of
our brands, the diversity of our revenue streams and the global demand for our
content. As we move forward as a public company we remain steadfastly focused
on delivering leading nonfiction programming that can be leveraged time and
again across our domestic and international platforms. With our unique content
and our unparalleled global reach, our objective is to continue to grow and
enhance value for our stakeholders despite the uncertain economic
environment."

At the U.S. networks,
revenues gained 6 percent to $498 million, with ad revenues up 5 percent to
$249 million and distribution revenues gaining 8 percent to $231 million.

At the international
networks, meanwhile, there was a 16-percent revenue hike to $300 million, led
by a 22-percent rise in distribution revenues to $188 million. This primarily
came from subscriber increases in EMEA and Latin America. Ad revenues were flat
at $83 million.

Commerce, Education and
other revenue increased 29 percent to $45 million.

—By Mansha Daswani