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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
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty

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