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February 11, 2010

Profits up for Discovery

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by David Allen

The US-based Discovery Communications has posted a massive forty six per cent increase in earnings for the fourth quarter.

The revenues come from two main sources, advertising, which was the main revenue stream and from satellite and cable providers which carry the Discovery channels through their networks.

The market saw that the group earned $155 million for the last quarter of 2009, while for the same period in 2008 the earnings were $106 million.

This shows a huge turnaround in earnings and once again proves that satellite and cable providers are virtually recession proof.

Despite being a predominantly US-based business, it was Discovery’s international networks that came in with the best figures.

This was helped by the fluctuations in currency values, but it also shows that the US cable and satellite market may not be as strong as the rest of the world.

Story link: Profits up for Discovery


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