Discovery Communications practically doubled its third-quarter profit, posted earnings of $186 million, or 43 cents a share, up 98 percent from $94 million, or 22 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 11 percent to $585 million, on proportionate gains in advertising and affiliate revenue.
Ad sales dollars increased 16 percent to $304 million, a performance that was fueled by higher CPMs, improved ratings and greater volume.
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