Discovery Communications on Monday announced a substantial gain in first-quarter profit, exceeding expectations with $119 million in net income, an increase of 250 percent versus the year-ago period.
The programmer posted a 1 percent gain in revenue for the period ended March 31, taking in $817 million, beating analysts’ projections of $799 million. At Discovery’s U.S. networks division, which houses the fully distributed cable nets Discovery Channel, TLC and Animal Planet, revenue rose 5 percent on increases in ad sales and affiliate dollars.
Despite
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