Discovery Holding reports Q4 growth

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Discovery 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.
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