Tag Archives: Discovery Inc.

Discovery Inc. has picked up a 71 percent controlling stake in Play Sports Group with plans to develop a direct-to-consumer offering for cycling fans around the world.

Second-quarter net income at Discovery, Inc. fell from $374 million to $216 million as a result of restructuring charges from the Scripps Networks transaction, on combined revenues of $2.8 billion.

Discovery, Inc. has appointed Peter Faricy, who joins the company from Amazon, to the newly created role of CEO of global direct-to-consumer.

The newly combined company's president and CEO discusses the Scripps Networks Interactive acquisition, among other things.