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
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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