Discovery Communications’ Profits More Than Quadruple in the Second Quarter

Aug 4, 2009  •  Post A Comment

Discovery Communications’ second-quarter profit more than quadrupled, according to The Hollywood Reporter.

Cost controls, a special gain, higher U.S. ratings, and increased international subscribers more than compensated for the slight advertising decline that the company experienced.

Discovery Communications reported a $183 million second-quarter profit on Tuesday, contrasted with $43 million in profits one year ago. The companies revenue decreased by $4 million to $881 million, while Ad revenue fell by $10 million to $368 million.

–Alex Jacobius

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