Discovery Holding reports Q4 growth
EmptyDiscovery Holding said Friday that fourth-quarter revenue grew 8% at its Discovery Communications unit, of which it owns 67%. Discovery Communications' consolidated fourth-quarter revenue grew 8% to $886 million, boosted by a 6% increase in advertising revenue and a 2% increase in distribution revenue.
Discovery Holding is in the midst of splitting off its Discovery Communications unit and combining it in a public company one-third-owned by publisher Advance/Newhouse. Discovery Holding also owns Ascent Media Group.