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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
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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