Discovery Sees Strong Q3 Results

Nov 7, 2007  •  Post A Comment

Discovery Communications said its third-quarter revenue increased 3% to $475 million and that operating cash flow increased 13%.
The results were released by Discovery Holding Co., which owns 66.6% of Discovery Communications.
Discovery Communications said that excluding the 2006 results from the Travel Channel, which was divested to Cox Communications this year, revenue rose 10% and operating cash flow rose 14%.
At Discovery’s U.S. Networks, revenue rose 3% to $475 million and operating cash flow rose 5% to $195 million. Excluding Travel Channel, revenue rose 11% and operating cash flow rose 6%.
Net advertising revenue increased 19% for the quarter, excluding the Travel Channel results from 2006. The company said the increase was primarily due to higher advertising sellout rates, improved unit pricing and higher audience delivery, especially on Discovery Channel and TLC.
Operating expenses at the U.S. networks rose 3%. Those included higher compensation and marketing costs.

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