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January 24, 2013
11:01 EDTDISCA, AOLAOL, Discovery announce strategic partnership
AOL (AOL) announced a strategic partnership with Discovery Communications (DISCA) The partnership brings short-form videos from Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Military Channel to The AOL On Network’s library of more than 470,000 premium videos. Content from Discovery’s award-winning networks will be programmed into The AOL On Network’s 14 channels and shared across the AOL On video hub.
News For AOL;DISCA From The Last 14 Days
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September 30, 2015
12:03 EDTDISCADiscovery management to meet with Jefferies
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07:30 EDTDISCADiscovery long-term guidance missed Street expectations, says UBS
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September 29, 2015
15:19 EDTDISCADiscovery drops as investor day fails to dispell cord-cutting fears
Shares of Discovery Communications (DISCA) have dropped today as the company held its first-ever investor day amid ongoing concerns about the potential decline of pay TV. NEW GUIDANCE: Discovery Chief Financial Officer Andrew Warren updated the company's full year 2015 outlook, saying he expects constant currency adjusted earnings per share to grow in the low double digits. The company expects revenue for the year to grow 9%-10%, with free cash flow up in low single digits. Meanwhile, year over year currency headwinds were seen deducting $460M from revenue and 24c-29c from adjusted EPS. Discovery also established long-term guidance, saying it sees its adjusted EPS compound annual growth rate up in low double digits from 2015 to 2018, on a constant currency basis. "Third quarter results are on track, highlighted by strong U.S. advertising growth," Warren added. THREE BILLION SUBSCRIBERS: CEO David Zaslav commented during the investor day that the company is "confident in the long-term outlook for our business," adding that Discovery expects to reach 3B cumulative worldwide subscribers by year's end. The Chief Executive highlighted what he called five differentiators for Discovery's growth potential, including its ownership of a growing and diverse portfolio of content and IP "that uniquely positions Discovery for the changing media landscape." CORD CUTTING: Multiple Discovery executives showcased the company's European products, including Eurosport and the Eurosport Player OTT service, as well as the company's apparent first-mover advantage in Latin America. The seemingly increased attention on foreign initiatives comes as U.S. cord-cutting trends continue generating headlines, with Citi analyst Jason Bazinet arguing as recently as September 18 that Disney (DIS) would be the only cable network to make more money in a bundle-free world. According to media reports of today's Discovery event, Chief Executive Zaslav said "it's not rational" that media companies are selling so much of their content to streaming services like Netflix (NFLX) that threaten the appeal of cable bundles. The CEO added that Discovery has assumed a 1%-2% decline in pay TV over "the next couple of years," though he reassured investor day attendees that the company's adjusted operating income should be roughly flat even in a worst-case scenario. PRICE ACTION: Shares of Discovery crashed as much as 7% in early morning trading before seeing hesitant moves higher. The stock is down just under 4% to roughly $26.70 heading towards session close.
09:19 EDTDISCADiscovery CEO: Low double-digit revenue growth in next 3 years, Variety says
Discovery Communications CEO David Zaslav pledged that the company will deliver low double-digit revenue and earnings growth over the next three years, Variety reports. Zaslav gave the forecast at the company's inaugural investor day presentation in Manhattan, the report says. Reference Link
06:47 EDTDISCADiscovery to host Inaugural Investor Day
Inaugural Investor Day to be held in New York on September 29 at 8:15 am Webcast Link

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