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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.05
DISCA's Cash to Debt is ranked lower than
92% of the 424 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.64 vs. DISCA: 0.05 )
Ranked among companies with meaningful Cash to Debt only.
DISCA' s Cash to Debt Range Over the Past 10 Years
Min: 0.03  Med: 4999.62 Max: No Debt
Current: 0.05
Equity to Asset 0.34
DISCA's Equity to Asset is ranked lower than
70% of the 405 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.54 vs. DISCA: 0.34 )
Ranked among companies with meaningful Equity to Asset only.
DISCA' s Equity to Asset Range Over the Past 10 Years
Min: 0.34  Med: 0.61 Max: 0.79
Current: 0.34
0.34
0.79
Interest Coverage 6.02
DISCA's Interest Coverage is ranked lower than
66% of the 303 Companies
in the Global Media - Diversified industry.

( Industry Median: 16.83 vs. DISCA: 6.02 )
Ranked among companies with meaningful Interest Coverage only.
DISCA' s Interest Coverage Range Over the Past 10 Years
Min: 4.1  Med: 6.62 Max: 9999.99
Current: 6.02
4.1
9999.99
F-Score: 5
Z-Score: 1.92
M-Score: -2.50
WACC vs ROIC
9.32%
10.67%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 31.04
DISCA's Operating margin (%) is ranked higher than
94% of the 417 Companies
in the Global Media - Diversified industry.

( Industry Median: 7.49 vs. DISCA: 31.04 )
Ranked among companies with meaningful Operating margin (%) only.
DISCA' s Operating margin (%) Range Over the Past 10 Years
Min: -23.7  Med: 34.02 Max: 42.48
Current: 31.04
-23.7
42.48
Net-margin (%) 16.17
DISCA's Net-margin (%) is ranked higher than
84% of the 417 Companies
in the Global Media - Diversified industry.

( Industry Median: 4.29 vs. DISCA: 16.17 )
Ranked among companies with meaningful Net-margin (%) only.
DISCA' s Net-margin (%) Range Over the Past 10 Years
Min: -9.67  Med: 16.74 Max: 26.73
Current: 16.17
-9.67
26.73
ROE (%) 14.74
DISCA's ROE (%) is ranked higher than
75% of the 401 Companies
in the Global Media - Diversified industry.

( Industry Median: 5.39 vs. DISCA: 14.74 )
Ranked among companies with meaningful ROE (%) only.
DISCA' s ROE (%) Range Over the Past 10 Years
Min: -1.51  Med: 12.58 Max: 17.77
Current: 14.74
-1.51
17.77
ROA (%) 6.52
DISCA's ROA (%) is ranked higher than
72% of the 429 Companies
in the Global Media - Diversified industry.

( Industry Median: 2.10 vs. DISCA: 6.52 )
Ranked among companies with meaningful ROA (%) only.
DISCA' s ROA (%) Range Over the Past 10 Years
Min: -1.17  Med: 6.22 Max: 9.87
Current: 6.52
-1.17
9.87
ROC (Joel Greenblatt) (%) 154.03
DISCA's ROC (Joel Greenblatt) (%) is ranked higher than
90% of the 422 Companies
in the Global Media - Diversified industry.

( Industry Median: 16.88 vs. DISCA: 154.03 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
DISCA' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -58.82  Med: 167.43 Max: 192.95
Current: 154.03
-58.82
192.95
Revenue Growth (3Y)(%) 18.20
DISCA's Revenue Growth (3Y)(%) is ranked higher than
87% of the 345 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.70 vs. DISCA: 18.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
DISCA' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 12.60 Max: 62.2
Current: 18.2
0
62.2
EBITDA Growth (3Y)(%) 10.90
DISCA's EBITDA Growth (3Y)(%) is ranked higher than
65% of the 268 Companies
in the Global Media - Diversified industry.

( Industry Median: 3.70 vs. DISCA: 10.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
DISCA' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 14.90 Max: 142.8
Current: 10.9
0
142.8
EPS Growth (3Y)(%) -0.50
DISCA's EPS Growth (3Y)(%) is ranked lower than
56% of the 236 Companies
in the Global Media - Diversified industry.

( Industry Median: 2.50 vs. DISCA: -0.50 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
DISCA' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 15.15 Max: 92
Current: -0.5
0
92
» DISCA's 10-Y Financials

Financials (Next Earnings Date: 2016-05-05)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2015

DISCA Guru Trades in Q2 2015

Louis Moore Bacon 85,208 sh (New)
Manning & Napier Advisors, Inc 7,799,846 sh (+96.61%)
Mario Gabelli 2,031,919 sh (+27.07%)
Jeff Auxier 166,911 sh (+22.49%)
Ken Fisher 166,902 sh (+7.20%)
Murray Stahl 1,367,179 sh (+4.12%)
Frank Sands 1,516,550 sh (+3.15%)
Ruane Cunniff 1,700,044 sh (unchged)
George Soros 607,000 sh (unchged)
First Eagle Investment Sold Out
Jim Simons Sold Out
HOTCHKIS & WILEY 3,855,300 sh (-0.86%)
Joel Greenblatt 355,472 sh (-79.11%)
» More
Q3 2015

DISCA Guru Trades in Q3 2015

Wallace Weitz 2,875,000 sh (New)
HOTCHKIS & WILEY 9,697,044 sh (+151.53%)
Joel Greenblatt 493,707 sh (+38.89%)
Jeff Auxier 173,011 sh (+3.65%)
Ken Fisher 169,441 sh (+1.52%)
Louis Moore Bacon Sold Out
Frank Sands Sold Out
Ruane Cunniff Sold Out
Manning & Napier Advisors, Inc 7,784,296 sh (-0.20%)
Mario Gabelli 1,996,338 sh (-1.75%)
George Soros 484,550 sh (-20.17%)
Murray Stahl 850,164 sh (-37.82%)
» More
Q4 2015

DISCA Guru Trades in Q4 2015

Steven Cohen 221,200 sh (New)
Paul Tudor Jones 15,463 sh (New)
Ken Fisher 350,717 sh (+106.98%)
Joel Greenblatt 893,403 sh (+80.96%)
Jeff Auxier 188,611 sh (+9.02%)
Mario Gabelli 2,041,133 sh (+2.24%)
HOTCHKIS & WILEY 9,875,281 sh (+1.84%)
Murray Stahl 686,997 sh (-19.19%)
Wallace Weitz 2,192,659 sh (-23.73%)
Manning & Napier Advisors, Inc 5,808,026 sh (-25.39%)
George Soros 74,550 sh (-84.61%)
» More
Q1 2016

DISCA Guru Trades in Q1 2016

Ken Fisher 454,518 sh (+29.60%)
Murray Stahl 717,580 sh (+4.45%)
Manning & Napier Advisors, Inc 924,620 sh (-84.08%)
» More
» Details

Insider Trades

Latest Guru Trades with DISCA

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Guru Investment Theses on Discovery Communications Inc

Wallace Weitz Comments on Discovery Communications - Jan 22, 2016

Discovery Communications (NASDAQ:DISCA) is a leading provider of pay-TV programming with an emphasis on lower-cost, fully-owned, nonfiction content that appeals to global audiences. Despite positive business developments through 2015, shares of Discovery and other media stocks generally suffered as investors became more skeptical of traditional pay-TV’s staying power. Modest subscriber declines reported by cable and satellite TV providers in addition to falling ratings through 2015 led many to conclude that the whole pay-TV ecosystem was unravelling in an accelerating fashion. Exacerbating the perception problem for Discovery was the strength of the US dollar, which muted continued strong growth in the company’s strategic portfolio of international channels. Although the traditional video bundle may get “skinnier,” we believe that the traditional cable system will continue to persist and that Discovery’s content remains a “must have” for subscribers. The company’s ownership of its content also affords it the flexibility to begin offering it directly (via mobile apps), a recent industry trend. From today’s price, we believe the stock has above average return potential.

From Wallace Weitz (Trades, Portfolio)'s fourth quarter 2015 Value Fund commentary.

Check out Wallace Weitz latest stock trades

Wallace Weitz Comments on Discovery Communications - Oct 27, 2015

Discovery Communications (NASDAQ:DISCA) is a leading provider of Pay-TV programming with an emphasis on lower cost, fully owned, non-fiction content that appeals to passionate global audiences. The company’s shares have declined due to earnings headwinds from moderating international growth, negative currency impacts on reported results and the well-chronicled challenges for domestic television advertising. More importantly, multiples for media content companies have compressed significantly due to longer-term concerns about the health of the ad -supported, Pay-TV ecosystem. Discovery has several unique advantages, starting with its robust and growing content library and its unmatched international footprint. Strong capital allocation also has been a Discovery hallmark and will be increasingly important over the next several years. The company recently laid out a three-year roadmap that we think is realistic and reflects the challenges ahead. From today’s price the stock has above average return potential, as the company executes on its achievable stated plans.



From Wallace Weitz (Trades, Portfolio)'s 3Q 2015 commentary.

Check out Wallace Weitz latest stock trades

Wallace Weitz Comments on Discovery Communications - Oct 17, 2014

Discovery (DISCA) is a world-class provider of global pay-tv programming including ‘must-carry’ channels (Discovery, TLC and Animal Planet) as well as emerging and niche networks (ID, OWN and Science, among others). Non-fiction content is a wonderful business – it is cheap to produce and portable across geographies, driving excellent margins and cash flows. Discovery is especially well positioned to benefit from the long-tailed wave of increasing pay-tv adoption outside the U.S. The company generally owns the full rights to its content, providing bargaining power as the distribution ecosystem evolves. We project per-share cash flow growth in the high teens over the next several years, fueled by the international business. From today’s price, we think the stock’s return potential is adequate-to-exceptional with solid downside protection.

From Wallace Weitz (Trades, Portfolio)'s Value Fund Q3 2014 Commentary.

Check out Wallace Weitz latest stock trades

Top Ranked Articles about Discovery Communications Inc

Wallace Weitz Comments on Discovery Communications Guru stock highlight
Discovery Communications (NASDAQ:DISCA) is a leading provider of pay-TV programming with an emphasis on lower-cost, fully-owned, nonfiction content that appeals to global audiences. Despite positive business developments through 2015, shares of Discovery and other media stocks generally suffered as investors became more skeptical of traditional pay-TV’s staying power. Modest subscriber declines reported by cable and satellite TV providers in addition to falling ratings through 2015 led many to conclude that the whole pay-TV ecosystem was unravelling in an accelerating fashion. Exacerbating the perception problem for Discovery was the strength of the US dollar, which muted continued strong growth in the company’s strategic portfolio of international channels. Although the traditional video bundle may get “skinnier,” we believe that the traditional cable system will continue to persist and that Discovery’s content remains a “must have” for subscribers. The company’s ownership of its content also affords it the flexibility to begin offering it directly Read more...
Wallace Weitz Comments on Discovery Communications Guru stock highlight
Discovery Communications (NASDAQ:DISCA) is a leading provider of Pay-TV programming with an emphasis on lower cost, fully owned, non-fiction content that appeals to passionate global audiences. The company’s shares have declined due to earnings headwinds from moderating international growth, negative currency impacts on reported results and the well-chronicled challenges for domestic television advertising. More importantly, multiples for media content companies have compressed significantly due to longer-term concerns about the health of the ad -supported, Pay-TV ecosystem. Discovery has several unique advantages, starting with its robust and growing content library and its unmatched international footprint. Strong capital allocation also has been a Discovery hallmark and will be increasingly important over the next several years. The company recently laid out a three-year roadmap that we think is realistic and reflects the challenges ahead. From today’s price the stock has above average return potential, as the company executes on its achievable stated plans. Read more...
Gabelli Confident About Investment in Cable Giants Discovery, Viacom Investor recommends three media stocks with strong management
Appearing Tuesday on CNBC’s Squawk Box, Mario Gabelli (Trades, Portfolio) offered several stock picks that he expects will double in the next five to 10 years, three of which are large media companies — Discovery (NASDAQ:DISCA), Viacom (NASDAQ:VIAB) and CBS Corp. (NYSE:CBS). Read more...
GuruFocus Interview: Jeff Auxier of Auxier Asset Management
At 11 years old, Jeff Auxier (Trades, Portfolio) began mowing the lawn of Georgia Pacific’s then-CEO Bob Pamplin Sr., who led the company to be one of the top-performing NYSE stocks of the time. After graduating college with his degree in finance and starting his career in 1982, Auxier decided to cold call Warren Buffett (Trades, Portfolio) — and got an answer. Read more...
Jeff Auxier Adds DISCA to His Portfolio During 1Q2015
Jeff Auxier (Trades, Portfolio) of Ausier Asset Management added Discovery Communications Inc (NASDAQ:DISCA) to his portfolio, according to GuruFocus Real Time Picks. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 18.18
DISCA's P/E(ttm) is ranked higher than
55% of the 268 Companies
in the Global Media - Diversified industry.

( Industry Median: 19.74 vs. DISCA: 18.18 )
Ranked among companies with meaningful P/E(ttm) only.
DISCA' s P/E(ttm) Range Over the Past 10 Years
Min: 13.39  Med: 26.05 Max: 299.49
Current: 18.18
13.39
299.49
Forward P/E 12.74
DISCA's Forward P/E is ranked higher than
69% of the 77 Companies
in the Global Media - Diversified industry.

( Industry Median: 15.24 vs. DISCA: 12.74 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 22.17
DISCA's PE(NRI) is ranked lower than
54% of the 268 Companies
in the Global Media - Diversified industry.

( Industry Median: 20.03 vs. DISCA: 22.17 )
Ranked among companies with meaningful PE(NRI) only.
DISCA' s PE(NRI) Range Over the Past 10 Years
Min: 14.66  Med: 28.56 Max: 292
Current: 22.17
14.66
292
P/B 2.10
DISCA's P/B is ranked lower than
53% of the 388 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.84 vs. DISCA: 2.10 )
Ranked among companies with meaningful P/B only.
DISCA' s P/B Range Over the Past 10 Years
Min: 0.54  Med: 1.73 Max: 3.45
Current: 2.1
0.54
3.45
P/S 2.82
DISCA's P/S is ranked lower than
64% of the 400 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.84 vs. DISCA: 2.82 )
Ranked among companies with meaningful P/S only.
DISCA' s P/S Range Over the Past 10 Years
Min: 1.12  Med: 4.84 Max: 19.01
Current: 2.82
1.12
19.01
PFCF 15.25
DISCA's PFCF is ranked higher than
54% of the 166 Companies
in the Global Media - Diversified industry.

( Industry Median: 16.64 vs. DISCA: 15.25 )
Ranked among companies with meaningful PFCF only.
DISCA' s PFCF Range Over the Past 10 Years
Min: 8.35  Med: 23.98 Max: 3515
Current: 15.25
8.35
3515
POCF 14.04
DISCA's POCF is ranked lower than
64% of the 215 Companies
in the Global Media - Diversified industry.

( Industry Median: 11.22 vs. DISCA: 14.04 )
Ranked among companies with meaningful POCF only.
DISCA' s POCF Range Over the Past 10 Years
Min: 6.83  Med: 23.37 Max: 135.5
Current: 14.04
6.83
135.5
EV-to-EBIT 9.82
DISCA's EV-to-EBIT is ranked higher than
74% of the 287 Companies
in the Global Media - Diversified industry.

( Industry Median: 16.32 vs. DISCA: 9.82 )
Ranked among companies with meaningful EV-to-EBIT only.
DISCA' s EV-to-EBIT Range Over the Past 10 Years
Min: -2764.5  Med: 13.40 Max: 47.1
Current: 9.82
-2764.5
47.1
EV-to-EBITDA 8.37
DISCA's EV-to-EBITDA is ranked higher than
62% of the 313 Companies
in the Global Media - Diversified industry.

( Industry Median: 10.36 vs. DISCA: 8.37 )
Ranked among companies with meaningful EV-to-EBITDA only.
DISCA' s EV-to-EBITDA Range Over the Past 10 Years
Min: -158.4  Med: 12.70 Max: 139.3
Current: 8.37
-158.4
139.3
PEG 1.62
DISCA's PEG is ranked higher than
58% of the 115 Companies
in the Global Media - Diversified industry.

( Industry Median: 2.10 vs. DISCA: 1.62 )
Ranked among companies with meaningful PEG only.
DISCA' s PEG Range Over the Past 10 Years
Min: 0.34  Med: 1.40 Max: 5.74
Current: 1.62
0.34
5.74
Shiller P/E 31.87
DISCA's Shiller P/E is ranked lower than
64% of the 67 Companies
in the Global Media - Diversified industry.

( Industry Median: 21.67 vs. DISCA: 31.87 )
Ranked among companies with meaningful Shiller P/E only.
DISCA' s Shiller P/E Range Over the Past 10 Years
Min: 29.07  Med: 52.78 Max: 129.34
Current: 31.87
29.07
129.34
Current Ratio 1.64
DISCA's Current Ratio is ranked higher than
53% of the 376 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.59 vs. DISCA: 1.64 )
Ranked among companies with meaningful Current Ratio only.
DISCA' s Current Ratio Range Over the Past 10 Years
Min: 0.96  Med: 2.17 Max: 4.45
Current: 1.64
0.96
4.45
Quick Ratio 1.64
DISCA's Quick Ratio is ranked higher than
56% of the 376 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.49 vs. DISCA: 1.64 )
Ranked among companies with meaningful Quick Ratio only.
DISCA' s Quick Ratio Range Over the Past 10 Years
Min: 0.96  Med: 2.17 Max: 4.45
Current: 1.64
0.96
4.45
Days Sales Outstanding 84.43
DISCA's Days Sales Outstanding is ranked lower than
59% of the 345 Companies
in the Global Media - Diversified industry.

( Industry Median: 71.44 vs. DISCA: 84.43 )
Ranked among companies with meaningful Days Sales Outstanding only.
DISCA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.16  Med: 84.36 Max: 91.92
Current: 84.43
5.16
91.92
Days Payable 43.93
DISCA's Days Payable is ranked lower than
55% of the 299 Companies
in the Global Media - Diversified industry.

( Industry Median: 52.00 vs. DISCA: 43.93 )
Ranked among companies with meaningful Days Payable only.
DISCA' s Days Payable Range Over the Past 10 Years
Min: 0.74  Med: 27.45 Max: 43.93
Current: 43.93
0.74
43.93

Valuation & Return

vs
industry
vs
history
Price/Projected FCF 0.93
DISCA's Price/Projected FCF is ranked higher than
66% of the 185 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.47 vs. DISCA: 0.93 )
Ranked among companies with meaningful Price/Projected FCF only.
DISCA' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.88  Med: 1.57 Max: 2.22
Current: 0.93
0.88
2.22
Price/Median PS Value 0.59
DISCA's Price/Median PS Value is ranked higher than
87% of the 341 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.08 vs. DISCA: 0.59 )
Ranked among companies with meaningful Price/Median PS Value only.
DISCA' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.26  Med: 1.02 Max: 3.63
Current: 0.59
0.26
3.63
Price/Peter Lynch Fair Value 1.40
DISCA's Price/Peter Lynch Fair Value is ranked higher than
56% of the 85 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.54 vs. DISCA: 1.40 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
DISCA' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.49  Med: 1.33 Max: 4.73
Current: 1.4
0.49
4.73
Earnings Yield (Greenblatt) (%) 10.20
DISCA's Earnings Yield (Greenblatt) (%) is ranked higher than
82% of the 412 Companies
in the Global Media - Diversified industry.

( Industry Median: 3.60 vs. DISCA: 10.20 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
DISCA' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 2.1  Med: 7.00 Max: 13.5
Current: 10.2
2.1
13.5
Forward Rate of Return (Yacktman) (%) 21.87
DISCA's Forward Rate of Return (Yacktman) (%) is ranked higher than
79% of the 185 Companies
in the Global Media - Diversified industry.

( Industry Median: 9.58 vs. DISCA: 21.87 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
DISCA' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: 2.8  Med: 10.90 Max: 55.5
Current: 21.87
2.8
55.5

More Statistics

Revenue(Mil) $6394
EPS $ 1.50
Beta1.56
Short Percentage of Float32.93%
52-Week Range $23.74 - 34.94
Shares Outstanding(Mil)410.94

Analyst Estimate

Dec16 Dec17 Dec18
Revenue(Mil) 6,651 6,985 7,478
EPS($) 1.95 2.19 2.55
EPS without NRI($) 1.95 2.19 2.55

Business Description

Industry: Entertainment » Media - Diversified
Compare:NYSE:DIS, NAS:FOXVV, NYSE:TWX, NYSE:CBS.A, NAS:LVNTA » details
Traded in other countries:DC6.Germany,
Discovery Communications Inc was formed on September 17, 2008, in connection with Discovery Holding Company 'DHC' and Advance/Newhouse Programming Partnership 'Advance/Newhouse' combining their respective ownership interests in Discovery Communications Holding, LLC ('DCH') and exchanging those interests with and into Discovery (the 'Discovery Formation'). The Company is nonfiction media company that provides original and purchased content to more than 2.2 billion cumulative viewers worldwide through networks that it wholly or partially own. It distributes customized content in the U.S. and over 220 other countries and territories in over 40 languages. Its portfolio of networks includes prominent television brands such as Discovery Channel, one of the first nonfiction networks and its distributed global brand, TLC and Animal Planet. The Company also has a diversified portfolio of websites and develops and sell curriculum-based education products and services. Its content spans genres including science, exploration, survival, natural history, sustainability of the environment, technology, docu-series, anthropology, paleontology, history, space, archaeology, health and wellness, engineering, adventure, lifestyles, forensics, civilizations and current events. The Company's programming tends to maintain its relevance for an extended period of time. As a result, a significant amount of its content translates well across international borders and is made even more accessible through extensive use of dubbing and subtitles in local languages. The Company own and lease 1.7 million square feet of building space for the conduct of its businesses at 65 locations throughout the world. In the U.S. alone, it own and lease approximately 597,000 and 564,000 square feet of building space, respectively, at 13 locations. The Company's networks compete with other television networks, including broadcast, cable and local, for the distribution of its programming and fees charged to cable television operators, DTH satellite service providers and other distributors that carry its network programming. The Company's networks and websites also compete for their target audiences with all forms of programming and other media provided to viewers, including broadcast, cable and local networks, pay-per-view and VOD services, DVDs, online activities and other forms of news, information and entertainment. Its businesses are subject to and affected by regulations of U.S. federal, state and local government authorities, and its international operations are subject to laws and regulations of local countries and international bodies such as the European Union.
» More Articles for DISCA

Headlines

Articles On GuruFocus.com
Wallace Weitz Exits Stake in Alphabet, Cuts Oracle Feb 18 2016 
This Media Company Is Quite Inexpensive Now Feb 02 2016 
Wallace Weitz Comments on Discovery Communications Jan 22 2016 
Weitz Value Fund 4th Quarter Commentary Jan 22 2016 
Van Den Berg Sells Nearly One-Third of Stake in Markel Jan 14 2016 
Jeff Auxier's Fall 2015 Market Commentary Nov 10 2015 
Wallace Weitz Comments on Discovery Communications Oct 27 2015 
CBS Could Be a Hit Investment Oct 01 2015 
Olstein All Cap Value Fund's 2015 Annual Letter to Shareholders Sep 29 2015 
Gabelli Confident About Investment in Cable Giants Discovery, Viacom Sep 10 2015 

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