New York – September 18 saw Discovery Communications’ Founder and Chairman John Hendricks and President and Chief Executive Officer David Zaslav ring the opening bell at the NASDAQ stock exchange to commemorate the first day of trading as a public company. The executives were joined by several on-air personalities from across Discovery’s networks, including Bindi and Terri Irwin (Bindi the Jungle Girl); Emeril Lagasse (Emeril Green); Stacy London and Clinton Kelly (What Not To Wear) and Sig Hansen, Phil Harris and Johnathan Hillstrand, the captains from Deadliest Catch. In conjunction with its first day of trading as a public company, Discovery unveiled an updated corporate logo and launched a new corporate website featuring investor and corporate governance information. “Today signals a new era for Discovery Communications. As we complete the transformation from our previous ownership structure to a pure-play, publicly traded content company, this new structure will provide increased financial flexibility for our management team to drive innovation and pursue areas of strategic investment,” said Zaslav. Discovery Communications, Inc., was created as a public company through an agreement between its former shareholders, Discovery Holding Company (DHC) and Advance/Newhouse Communications, to combine their interests in Discovery into a new public company. As a result of the transaction, DHC stockholders and Advance/Newhouse are now stockholders of the new public company, Discovery Communications, Inc. Discovery Communications’ existing management team, including Zaslav, will fill all management positions at the company.
Ad – Before Content
Related Articles
- Winds of Love sold to Poland, Israel, Romania, Georgia and North Macedonia
- Marco Balsamo of RIVA Studios Makes a Bid for Iconic French Studio TeamTO
- Fremantle & Fudge Park Productions Partner With First Look Development Deal
- Swiss Studios AG: New Swiss Film Studio Focuses on Creativity and Innovation
- Second Channel and Expanded Programming Compel Caribbean Broadcast Network to Add Third Server from PlayBox Neo
- Keshet Germany secures order for MESSIAH from ProSiebenSat.1’s JOYN