TV

On the web: Discovery’s rating upgraded by Standard & Poor’s

The Wall Street Journal reports that Standard & Poor's Ratings Services has boosted its rating on Discovery Communications Inc., due to healthy ad revenue and higher audience numbers.
March 10, 2011

The Wall Street Journal reports that Standard & Poor’s Ratings Services has boosted its rating on Discovery Communications Inc., due to healthy ad revenue and higher audience numbers.

Discovery Communications is now rated at BBB, two levels into investment-grade territory, with a stable ratings outlook.

S&P credits the ratings upgrade to a “steady stream of cable operator distribution agreements and a slightly lower proportion of revenue from more variable advertising.”

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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