Discovery Communications, Inc (DISCA) - NASDAQ
  • Aug. 5, 2015, 7:18 AM
    • Discovery Communications (NASDAQ:DISCA): Q2 EPS of $0.49 beats by $0.01.
    • Revenue of $1.65B (+2.5% Y/Y) misses by $20M.
    | Aug. 5, 2015, 7:18 AM
  • Aug. 4, 2015, 5:30 PM
  • Jul. 31, 2015, 4:51 PM
    | Jul. 31, 2015, 4:51 PM
  • Jul. 27, 2015, 9:52 AM
    • Discovery Communications (NASDAQ:DISCA) and Comcast (NASDAQ:CMCSA) have renewed their carriage agreement -- a move that wasn't without bumps as Discovery opposed the cable giant's Time Warner Cable takeover earlier this year.
    • The companies say they've signed a "long-term, comprehensive" renewal, including TV Everywhere rights.
    • Both stocks are trading down with the broader U.S. market: CMCSA -1.9%; DISCA -0.6%.
    | Jul. 27, 2015, 9:52 AM
  • Jul. 22, 2015, 2:23 PM
    • Discovery Communications (NASDAQ:DISCA) has moved up 1.2% this afternoon as it's agreed to pay $534M to acquire the 49% of Eurosport that it didn't already own.
    • It firms up the company's bet on global sports as a key growth strategy. Discovery bought majority control of Eurosport (excluding a France operation) in May 2014, and took 51% control of Eurosport France in March.
    • Rights fees for very popular global sports, like cycling, are much lower than what networks pay in the U.S. for major sports, CEO David Zaslav has noted.
    • Last month, Eurosport also got European broadcast rights to the Olympics from 2018-2024.
    • "Taking full control of Eurosport is the culmination of our commitment to strengthening Eurosport as a premier sports brand and fully integrating this business within Discovery’s unmatched global portfolio," Zaslav says of the latest transaction.
    • Previously: Discovery +2.9% early as it wins European Olympic broadcast rights (Jun. 29 2015)
    • Previously: Discovery keeps up sports-network buys with Asia purchase (Jun. 16 2015)
    • Previously: Discovery closes on Eurosport France sports network (Mar. 31 2015)
    | Jul. 22, 2015, 2:23 PM | 1 Comment
  • Jul. 20, 2015, 9:55 AM
    • Discovery Communications (NASDAQ:DISCA) is slipping, down 3.3%, as Pivotal Research downgrades the stock to Hold, from Buy.
    • Over the weekend, Barclays had raised its price target on shares to $36, from $34, while reiterated its Overweight rating.
    • Shares closed Friday at $33.31 and are currently trading at $32.21. YTD, the stock is down 6.4%.
    | Jul. 20, 2015, 9:55 AM
  • Jul. 16, 2015, 10:37 AM
    • Discovery Communications (DISCA +1.3%) is confirming that 19 Kids and Counting, one of its biggest hits, won't be back on TLC.
    • The cancellation comes after a couple of months' suspension where episodes were pulled from the air following revelations that star and son Josh Duggar had molested underage girls 12 years ago, when he was a teen-ager, including his sisters.
    • The show had followed the large Arkansas family for 10 seasons. TLC will produce a one-hour, commercial-free documentary to raise awareness about child sexual abuse to air in late August.
    • It's another high-profile cancellation at TLC, which canceled Here Comes Honey Boo Boo following allegations also related to child molestation.
    • Previously: Duggar interviews may be a test for TLC's '19 Kids' future (Jun. 03 2015)
    • Previously: TLC pulls another show amid controversy (May. 22 2015)
    | Jul. 16, 2015, 10:37 AM
  • Jul. 14, 2015, 4:30 PM
    • Shark Week delivered as promised for the Discovery Channel (DISCA +1.4%), leading the network to first place among primetime cable offerings last week.
    • The channel averaged 2.46M viewers, a little above 2014's Shark Week total of 2.4M, along with some small gains in the adults 25-54 demographic.
    • Disney Channel (NYSE:DIS) and Fox News (FOX, FOXA) tied for second with 1.6M average viewers, followed by USA Network, TNT and HGTV.
    • On a 24-hour basis, Disney surpassed Discovery in overall viewers, both just ahead of the usual suspects (Cartoon Network, Nickelodeon, Adult Swim). Discovery won the demo on a round-the-clock basis, though.
    | Jul. 14, 2015, 4:30 PM
  • Jul. 9, 2015, 7:07 PM
    • In a largely sports-free week, USA Network (NASDAQ:CMCSA) was the most watched primetime cable net during the period including the Independence Day holiday, Nielsen says, with the help of WWE Monday Night Raw.
    • The network averaged 1.6M primetime viewers from June 29-July 5, just ahead of a three-way tie at 1.5M logged by Discovery Channel (NASDAQ:DISCA), TNT (NYSE:TWX) and Fox News (FOX, FOXA). Discovery Channel was most-watched in the adults 18-49 demographic in primetime.
    • On a 24-hour basis, Cartoon Network was tops among overall viewers with 1.3M average, while Adult Swim took the 24-hour lead in the demographic.
    • TNT dramas Major Crimes and Rizzoli & Isles took the top two slots among individual shows, with 4.3M and 4.2M viewers respectively.
    | Jul. 9, 2015, 7:07 PM | 1 Comment
  • Jul. 7, 2015, 5:52 PM
    • As it awaits the first ratings from Shark Week -- also known as "Discovery Christmas" -- Discovery Communications (DISCA +2.2%) is supplying investors with red meat via some encouraging numbers in a tough overall ratings environment.
    • The company's flagship station, Discovery Channel, logged its best Q2 in viewers and men in its target demo of adults 25-54, and overall viewers. Combined with a its strong Q1, it's Discovery's best first-half primetime in the demo.
    • Nomura's Anthony DiClemente is now "increasingly confident" about a 1% gain in domestic ad sales for Q2.
    • The company's made a point this year that all Shark Week programming is true, despite the fact that its best ratings came from the fictional Megalodon: The Monster Shark Lives.
    • A carriage fight with Comcast was likely made more tense by Discovery's aggressive opposition to the now-aborted Comcast/Time Warner Cable merger.
    • Previously: Discovery Communications up as Nomura boosts target (Jul. 07 2015)
    | Jul. 7, 2015, 5:52 PM
  • Jul. 7, 2015, 9:27 AM
    • Discovery Communications (NASDAQ:DISCA) is up 1.1% premarket as Nomura boosts its price target to $34, from $31.
    • Shares closed yesterday at $33.09.
    • The stock has been the subject of neutral coverage of late. More than a dozen firms have ratings equivalent to Hold, with price targets implying about a 25% upside (just over $41).
    • Discovery shares are down 4% YTD.
    • Previously: Comcast, Discovery negotiating carriage as 'Shark Week' looms (Jul. 01 2015)
    | Jul. 7, 2015, 9:27 AM
  • Jul. 1, 2015, 3:50 PM
    • While AT&T and CBS settled another carriage negotiation today, Comcast (CMCSA, up 3.3% and setting new all-time highs this afternoon) and Discovery Communications (NASDAQ:DISCA) are still talking over a less certain deal -- and with Discovery's key "Shark Week" programming just a few days away.
    • Talks are progressing after some early Discovery worries about retaliation (Discovery spoke out against the Comcast-Time Warner Cable merger deal). Some analysts figure that with the TWC deal dead, Comcast may get more aggressive in carriage talks.
    • Shark Week broke Discovery viewing records last August.
    • Also today, New York's 30 Rockefeller Plaza -- longtime home of NBC, and previously known as the RCA Building and the GE Building -- officially became the "Comcast Building." New signage on the iconic Manhattan skyscraper will hold Comcast's logo, as well as feature NBC's trademark peacock for the first time.
    • Previously: Comcast at all-time high as Brean raises target (Jul. 01 2015)
    | Jul. 1, 2015, 3:50 PM | 1 Comment
  • Jun. 29, 2015, 9:21 AM
    | Jun. 29, 2015, 9:21 AM
  • Jun. 16, 2015, 7:43 PM
    • Discovery Communications (NASDAQ:DISCA) keeps trading on recent momentum picking up international sports broadcasters, with a purchase of Setanta Sports Asia, a broadcaster in 42M homes across 16 countries.
    • The network is a rugby specialist that airs more than 500 matches per season in HD and SD, and its multi-device player is accessible through Web players and mobile devices.
    • “Similar to the strategy we have adopted for Eurosport, we will look to build on the strengths of Setanta and fortify its leadership as a must-have sports channel across Asia," said the company's international president, J.B. Perrette.
    • The move follows on Discovery's purchase of Eurosport and Eurosport France, as well as expanding its use of Eurosport Player, its over-the-top sports service. In March it partnered with Liberty Global on a minority stake in racing circuit Formula E Holdings.
    • Previously: Discovery expands streaming offerings in Europe (Jun. 04 2015)
    • Previously: Discovery Communicates finalizes Eurosport deal (May. 30 2014)
    | Jun. 16, 2015, 7:43 PM
  • Jun. 4, 2015, 1:14 PM
    • Discovery Communications (NASDAQ:DISCA) plans to launch its Dplay streaming service in Denmark, Sweden and Italy this year as part of its increased commitment to push into new international markets.
    • The Dplay service, which serves as all access to Discovery content including live sports and general entertainment, has been available in Norway since last year and as a test product in the three other markets.
    • Meanwhile, following its taking control of Eurosport, Discovery's also rolling out an immersive version of Eurosport Player, its OTT service in 52 markets. That'll feature high interactivity, including user camera-angle choice, and be ready Wednesday, in time for the 24 Hours of Le Mans race.
    • CEO David Zaslav says "we're just getting started" on a path pursuing higher international growth. The company's business is already 55% outside the U.S., where it's shown annual growth of about 20% over the past five years. The U.S. is "still good, but it's so competitive," he says.
    • Zaslav highlighted Latin America as a big opportunity as well: It's “where America was 15 years ago. Ad dollars are moving to cable ... It will be on automatic for a period of time,” he tells Deadline Hollywood.
    | Jun. 4, 2015, 1:14 PM
  • Jun. 3, 2015, 6:38 PM
    • Fox News interviews with members of the Duggar family -- including parents Jim Bob and Michelle as well as two daughters, molestation victims of the oldest Duggar son -- may serve as a litmus test for the TLC network (NASDAQ:DISCA) as it weighs the future of its No. 1 show.
    • The network pulled all episodes of reality show 19 Kids and Counting from the air two weeks ago amid the controversy, and a dozen advertisers, including General Mills and Walgreen, have pulled support from the program to date.
    • Portions of the interviews are airing on Fox's cable news channel tonight and Friday.
    • The show, in its 15th "season" since 2008, is one of the biggest brands at the network, which was also reeling from the previous cancellation of Here Comes Honey Boo Boo.
    • A redemption storyline might pave a path to getting the program back on the air, but that will surely depend on the return of sponsors. "They would probably get a spike in viewership from the curiosity seekers," says media studies professor Jeff McCall. "But that can't last for very long. You need advertisers."
    | Jun. 3, 2015, 6:38 PM | 1 Comment
Company Description
Discovery Communications, Inc. is a global media company that provides content across multiple distribution platforms, including digital distribution arrangements, throughout the world. The company operates its business through three segments: U.S. Networks, International Networks and Education.... More
Sector: Services
Industry: CATV Systems
Country: United States