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.