August 27, 2009 |
The Oprah Winfrey Network seems to have everything needed to succeed: some of the best creative minds in the business, strong financial backing, a loyal audience and enthusiastic advertisers eager to buy commercial time. But more than 20 months after the announcement that Winfrey was teaming with Discovery Communications Inc. to create a cable channel that celebrates her ethos, "Living your best life," not much has happened -- except for a revolving door of executives. Three top programmers abruptly left the Los Angeles-based network in recent months, and development spending has been cut. OWN was supposed to have launched by now, but its debut has been pushed back to mid-2010.
May 1, 2009 |
In a deal that will surely make activist groups froth and may have rivals looking over their shoulders, Discovery Communications Inc. and Hasbro Inc. are partnering on a new kids' cable channel aimed at the elusive 14-and-under demographic. Under the terms of the deal, Hasbro, maker of Trivial Pursuit, G.I. Joe, Transformers and Scrabble, will pay $300 million for a 50% stake in Discovery Kids Network, the cable programmer's children's channel, which is available in 60 million homes.
March 18, 2009 |
Discovery Communications Inc. says the Kindle electronic book reader from Amazon.com Inc. violates a patent that Discovery registered in 2007. Discovery sued Amazon in Delaware on Tuesday. Discovery spokeswoman Michelle Russo said the company was seeking "fair compensation" through damages, future royalty payments and legal fees but would not seek an injunction stopping sales of the Kindle. An Amazon.com spokeswoman declined to comment.
December 14, 2007 |
The transformation of Discovery Communications Inc., once a sprawling and sleepy television operation, should rev up next year as it becomes a publicly traded company under a deal announced Thursday by cable mogul John Malone and Advance/Newhouse Communications. "This is the transaction that we have been expecting to occur," said Richard Greenfield, media analyst for Pali Research.
May 18, 2007 |
Discovery Communications, the media company behind the educational program "Planet Earth" whose networks include Discovery Channel and Animal Planet, plans to close its 103 retail stores and lay off about 25% of its total workforce. The stores will close in the fall. About 1,000 workers at the stores and elsewhere in the company will lose their jobs, Discovery said Thursday.
April 18, 2007 |
Cable programmer Discovery Communications Inc. on Tuesday began its march into Hollywood by plucking a veteran TV executive to run its TLC cable channel, which it hopes to turn into a more popular destination for women. The hiring of Angela Shapiro-Mathes, president of Fox TV Studios and a former Walt Disney Co. executive, represents a dramatic departure for the Silver Spring, Md.-based company. Discovery to date has largely operated outside the media power centers of L.A. and New York.