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.