Discovery Communications and Scripps Networks Interactive on Wednesday were the latest to join the conga line of media companies that had encouraging news for investors, as both reported improved fourth-quarter results.
The parent company of the clutch of cable networks that includes Discovery Channel, Animal Planet, TLC and the developing OWN: The Oprah Winfrey Network raked in $287 million in domestic ad sales on the quarter, an increase of 2 percent versus Q4 2008. Affiliate revenue was up 4 percent, to $245 million.
Sequentially,
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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