September 27, 1996 |
Discovery Communications Inc. and British Broadcasting Corp. are planning to spend $500 million in the next five years in co-productions and the launching of new cable networks in the U.S. and abroad, sources said Thursday. The joint venture will include a new BBC cable network in the U.S. that will showcase BBC dramas and performing-arts programming.
November 5, 2013 |
Discovery Communications Inc. Executive Chairman John S. Hendricks has exercised stock options worth $12.7 million, according to a regulatory filing. The 61-year-old company founder sold 144,179 shares of Discovery common stock on Oct. 31 for prices ranging from $85.75 a share to $88.92 a share, according to a filing late Monday with the Securities & Exchange Commission. Hendricks had accumulated the options several years ago as part of his long-term compensation program. He benefited from the company's soaring value, although the timing of the stock sale was part of a predetermined schedule. ON LOCATION: Where the cameras roll Discovery stock has increased 60% during the last year; it closed Monday at $87.07 a share.
December 30, 1998 |
CBS Corp., the top-rated U.S. broadcaster, said it has sold all of its CBS Eye on People cable network to Discovery Communications Inc., changing an agreement to sell half of the channel and run it as a joint venture. Terms of the cash sale weren't disclosed. CBS in July had agreed to sell half the money-losing channel to Discovery in an attempt to improve its programming and distribution. Eye on People, with 11 million subscribers, features documentaries and other programs on personalities.
February 2, 2000 |
Discovery Communications Inc., owner of the Discovery Channel and Animal Planet cable channels, said it will invest $500 million over three years in a newly formed Internet company and may eventually sell shares in the business to the public. Closely held Discovery is 49%-owned by Liberty Media Group, the programming arm of AT&T Corp. controlled by cable veteran John Malone. The new company, to be called Discovery.
November 14, 2000 |
Discovery Communications Inc. dismissed a large portion of the staff running its Web operations Monday, as executives shifted their online strategy to focus more on the company's core television business. The Bethesda, Md., firm, which also owns popular cable TV channels and 160 retail stores, announced it would fire 40% of the 200 full-time workers employed by Discovery.com, as well as about 150 contract workers who helped run the site.
March 16, 2005 |
One of the world's most valuable names on cable TV may soon be up for grabs as a result of a financial maneuver Tuesday by cable mogul John Malone. Liberty Media Corp., Malone's cable programming company, said Tuesday that it would spin off its 50% stake in Discovery Communications Inc., which owns cable networks such as the Discovery Channel, TLC, Animal Planet and the Travel Channel. Discovery, based in Silver Spring, Md.