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Discovery Communications (DISCA) Q3 2017 Results - Earnings Call Transcript

Nov. 02, 2017 12:21 PM ETWarner Bros. Discovery, Inc. (WBD)
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Discovery Communications, Inc. (DISCA) Q3 2017 Earnings Call November 2, 2017 8:30 AM ET


Andrew T. Slabin - Discovery Communications, Inc.

David M. Zaslav - Discovery Communications, Inc.

Gunnar Wiedenfels - Discovery Communications, Inc.


Jessica Jean Reif Cohen - Bank of America Merrill Lynch

Steven Cahall - RBC Capital Markets LLC

Jason Boisvert Bazinet - Citigroup Global Markets, Inc.

Todd Michael Juenger - Sanford C. Bernstein & Co. LLC

Alexia S. Quadrani - JPMorgan Securities LLC

Michael B. Nathanson - MoffettNathanson LLC


Good day, ladies and gentlemen, and welcome to the Discovery Communications Third Quarter 2017 Earnings Conference Call. As a reminder this conference call is being recorded.

I would now like to turn the conference over to Andrew Slabin, Executive Vice President, Investor Strategy.

Andrew T. Slabin - Discovery Communications, Inc.

Good morning, everyone. Thank you for joining us for Discovery Communications' third quarter 2017 earnings call. Joining me today are David Zaslav, our President and Chief Executive Officer and Gunnar Wiedenfels, our Chief Financial Officer. You should have received our earnings release, but if not, feel free to access it on our website at www.discoverycommunications.com.

On today's call, we will begin with some opening comments from David and Gunnar and then we will open the call up for your questions. Please keep to one question if possible so we can accommodate as many people as possible.

Before we start I would like to remind you that comments today regarding the company's future business plans, prospects and financial performance are forward-looking statements that we make pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are made based on management's current knowledge and assumptions about future events and they involve risks and uncertainties that could cause actual results to differ materially

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