Tag: Discovery Inc.

Second-quarter revenues at Discovery, Inc. were up slightly to $2.9 billion, with gains in the U.S. business partially offset by the impact of foreign currency fluctuations at the international networks.

First-quarter net income at Discovery, Inc. was $384 million, compared with a loss of $8 million in the prior year's quarter.

Discovery, Inc. reported a fourth-quarter profit of $269 million, as compared with a year-ago loss, on revenues that were up 51 percent to $2.8 billion.

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.