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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
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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