Silver Spring – Discovery Communications Inc. reported financial results for the second quarter ended 30 June 2009. Second-quarter net profit at Discovery Communications rose from $43 million to $183 million, on revenues that were down slightly to $881 million, thanks to ratings increases at its US network, increased international subscribers and cost cuts. US revenues were up 2 percent to $557 million, with distribution revenues up 5 percent to $247 million and ad revenues up 1 percent to $290 million. At the international networks, there was a 5 percent reduction in revenues to $283 million, with distribution revenues down 2 percent to $179 million and ad revenues down 13 percent to $78 million. David Zaslav, Discovery’s president and chief executive officer said, “Discovery’s second quarter results demonstrate our ability to execute on our business plan and strategic initiatives in a difficult operating environment.” “While the operating environment remains uncertain, with a strengthened balance sheet, operational momentum and sustained operating leverage, we expect to continue to deliver on our commitments to shareholders in the second half of 2009,” he added.
Ad – Before Content
Related Articles
- Calrec scoops third Argo win with NAB Show Product of the Year 2024 Award for tailored version of Argo S
- CBC launches new Spring/Summer 2024 podcast slate
- Mandarin Series BREEZE BY THE SEA, helmed by Peter Ho, starring Bolin Chen and Puff Kuo releases First Look
- Samsung TV Plus brings SURFER FAST Channel to surfing enthusiasts in Australia
- DDish TV LLC Chooses PlayBox Neo Channel-in-a-Box for Broadcast Network Expansion
- JioCinema set to redefine subscription market with launch of Premium Plans