Discovery on Tuesday pointed to improved TV ratings in global markets as viewers self-isolate amid the coronavirus outbreak. (THR)
Additionally, Discovery revealed in an SEC filing on Tuesday that it recently borrowed $500 million from a revolving credit facility due to the uncertain economic impact from the pandemic. (TheWrap)
In the filing, it noted that it has debt repayments due in June of 2020, for $600 million, and in June of 2021, for $640 million. (Deadline)
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The parent of Food Network, TLC and HGTV also withdrew its previous outlook for its fiscal year. (Variety)