Discovery Communications Inc, the owner of the Discovery Channel and Animal Planet, reported a 2.7 percent rise in quarterly revenue, helped by growth in distribution revenue.

However, net income available to the company fell to $286 million, or 44 cents per share, in the second quarter ended June 30, from $379 million, or 54 cents per share, a year earlier.

Total revenue rose to $1.65 billion from $1.61 billion.

(Reporting by Abhirup Roy and Sai Sachin R in Bengaluru; Editing by Ted Kerr)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲