Discovery Earnings 'Blast' Past Expectations
Discovery Communications had a great fourth quarter, the company announced today, with net income of $337 millon on revenues of $1.1 billion.
The income was up 71 percent(!) with revenue up 11 percent. Ad sales rose 13 percent to $364 milllion in the US even as channels raised prices; same story internationally, where ad sales rose 18 percent to $160 million.
Deadline.com reports that CEO David Zaslav wouldn’t say how the Oprah Winfrey Network (OWN) was doing.
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