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 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.
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.
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.
July 27, 2005 |
Martha Stewart Living Omnimedia Inc. said that it signed with cable company Discovery Communications to rebroadcast Stewart's upcoming daytime TV show and air a new home-improvement reality series.
March 20, 1998 |
In a move that is likely to affect programming on Public Broadcasting Service and A&E cable network, British Broadcasting Corp. and Discovery Communications announced a $600-million joint venture Thursday. The partnership, which has been in negotiations for 18 months, will include co-productions for nonfiction programming that will air on Discovery's cable networks and the launch of new cable networks abroad and in the United States.
July 28, 1998 |
In a development that highlights CBS Corp.'s difficulties in the cable-TV business, the broadcasting company has struck an alliance with cable programmer Discovery Communications that will halve its ownership of the unprofitable CBS Eye on People television channel. Analysts say CBS' pullback from the only wholly owned cable channel it has launched raises questions about its commitment to a business that other broadcasters consider an important hedge against the erosion of their audience.
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.
May 30, 2013 |
Online sensation Philip DeFranco has found a new online home. The popular YouTube host has joined forces with Discovery Communications Inc.'s Revision3 in a deal scheduled to be announced Thursday. DeFranco will become senior vice president of DeFranco Network & Merchandise, a new Revision3 subsidiary. The company declined to comment on how much the deal was worth. Revision3 is a video network that creates original programs. The company was acquired last year by Discovery, which owns 155 worldwide television networks, including Discovery Channel, Animal Planet and TLC. PHOTOS: Behind the scenes at YouTube's 'The Philip DeFranco Show' DeFranco - who works under that pseudonym and keeps his real identity private - became an Internet icon with shows including "The Philip DeFranco Show," "SourceFed" and "The Vloggity.