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Discovery says it’s not for sale

>Any concerns that Discovery Communications might be on the block can be laid to rest, according to representatives from both dci and key shareholder Liberty Media Group.
February 1, 2001

Any concerns that Discovery Communications might be on the block can be laid to rest, according to representatives from both dci and key shareholder Liberty Media Group. The buzz that Discovery might be sold started with a New Year’s Day article in the Los Angeles Times. Engaging in some crystal ball-gazing, Times writer Sallie Hofmeister predicted that Liberty Media, which holds a 49% stake in DCI, would give Discovery founder John Hendricks the green light to sell the company for US$12 billion.

Vivian Carr, senior VP of investor relations for Liberty Media, says "there’s no truth at all to that rumor," adding that her company has been consistently pleased with Discovery’s growth, both in the U.S. and internationally. David Leavy, Discovery’s senior VP of corporate communications, was also anxious to dispel the heresay.

About The Author
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty

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