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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
Selina Chignall joins the realscreen team as a staff writer. Prior to working with rs, she covered lobbying activity at Hill Times Publishing. She also spent a year covering the Hill as a journalist with iPolitics. Her beat focused on youth, education, democratic reform, innovation and infrastructure. She holds a Master of Arts in Journalism from Western University and a Honours Bachelor of Arts from the University of Toronto.

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