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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
Barry Walsh is editor and content director for realscreen, and has served as editor of the publication since 2009. With a career in entertainment media that spans two decades, prior to realscreen, he held the associate editor post for now defunct sister publication Boards, which focused on the advertising and commercial production industries. Before Boards, he served as editor of Canadian Music Network, a weekly music industry trade, and as music editor for HMV.com. As content director, he also oversees the development of content for the brand's market-leading events, the Realscreen Summit and Realscreen West, as well as new content initiatives.

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