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Discovery reports first quarter 2009 results

Discovery Communications has announced its quarterly results for the first quarter, which ended March 31, 2009. Discovery saw revenues increase by US$8 million from 2008's first quarter to a total revenue of $817 million. Not immune to the economy, Discovery's International Networks saw a four percent decline because of a $32 million unfavorable impact from foreign currency fluctuations. Adjusted OIBDA grew nine percent to $329 million, net income attributable to Discovery increased to $119 million and finally, the Free Cash Flow increased to $120 million.
May 4, 2009

Discovery Communications has announced its quarterly results for the first quarter, which ended March 31, 2009. Discovery saw revenues increase by US$8 million from 2008′s first quarter to a total revenue of $817 million. Not immune to the economy, Discovery’s International Networks saw a four percent decline because of a $32 million unfavorable impact from foreign currency fluctuations. Adjusted OIBDA grew nine percent to $329 million, net income attributable to Discovery increased to $119 million and finally, the Free Cash Flow increased to $120 million.

About The Author
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

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