Discovery Communications headquarters at Silver Spring, Maryland. The building's logo has since changed.
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Public company | |
Traded as |
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ISIN |
US25470F1049 US25470F3029 |
Industry | Mass media |
Predecessor | Discovery Holding Company |
Founded |
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Founder | John S. Hendricks |
Headquarters | Silver Spring, Maryland, United States |
Area served
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Worldwide |
Key people
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Revenue |
US$6.497 billion (2016) US$6.4 billion (2015) |
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Number of employees
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7,000 (2015) |
Divisions |
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Subsidiaries |
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Website | corporate |
Subsidiary | |
Founded | 1994 |
Headquarters | 3 Changi Business Park Vista, Singapore |
Area served
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Asia-Pacific |
Products | Broadcasting, cable television, and video streaming |
Website | asia |
Discovery Communications is a mass media company based in Silver Spring, Maryland. The company was first established in 1985 as the owner of its namesake U.S. television channel, Discovery Channel; the company operates other major factual television networks in the United States as well, including Animal Planet, and TLC, along with other spin-offs of Discovery. It also owns or has interests in local versions of its channel brands in international markets, as well as other major regional operations such as Eurosport.
On July 31, 2017, the company announced it would acquire Scripps Networks Interactive for $14.6 billion.
NBCUniversal executive David Zaslav was named president and CEO on November 16, 2006.
In addition to Zaslav, current executives include:
Prior to September 18, 2008, DCI's ownership consisted of three shareholders:
On September 17, 2008, Discovery Holding Company completed a restructuring plan. Discovery Holding's Ascent Media business was spun off, and the remaining businesses, Discovery Communications, LLC and Advance/Newhouse Communications, were combined into a new holding company, Discovery Communications, Inc. The new fully public company and trades on the NASDAQ stock market under the symbols DISCA, DISCB, and DISCK. SEC filings are submitted by the Discovery Holding Company.
In May 2014, the company announced a special dividend of shares of the Company's Series C common stock payable to holders of record of the Company's Series A common stock, Series B common stock and Series C common stock as of the close of business on July 28, 2014. As a result of the dividend, each holder of a share of the Company's Series A common stock, Series B common stock or Series C common stock will receive one additional share of the Company's Series C common stock on or about August 6, 2014.