Q3 Revenues Up at Discovery

SILVER SPRING, November 7: Discovery Communications’
revenues for the third quarter rose 6-percent to $745 million, led by gains at
the international networks.

International networks’ revenues increased 11 percent to
$259 million. Net advertising revenue increased 19 percent, primarily due to
higher viewership in Europe and Latin America combined with an increased
subscriber base in most markets worldwide, partially offset by a decline in
advertising revenue in the U.K. Net distribution revenue increased 6 percent.

U.S. networks’ revenues were up 3 percent to $475 million,
due to growth in advertising revenue, partially offset by a decrease in
distribution revenue from the exclusion of Travel Channel, which Discovery has
sold. Net advertising revenue increased 19 percent for the quarter excluding
Travel Channel results in 2006. Distribution revenue increased 3 percent,
excluding Travel Channel.

Revenue in the commerce, education and other division
decreased 15 percent.

—By Mansha Daswani