Discovery Grows Ad Sales 5%

Discovery Communications posted a third-quarter net profit of $101 million, or 22 cents a share, down 25 percent from $134 million, or 44 cents a share, in the year-ago period.

Revenue at the company’s domestic networks group, which includes the flagship Discovery Channel as well as Animal Planet and TLC, grew 5 percent to $522 million, on proportionate gains in advertising and affiliate revenue.

Ad sales dollars increased 5 percent to $261 million, eclipsing analysts’ expectations of 1 percent to 2 percent growth.

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