Jeff Auxier Comments on Discovery

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Aug 03, 2017

John Malone is the largest shareholder and is on record with the intention of consolidating the media "content" space. This can act as a positive catalyst for Discovery (DISCA, Financial) which is a leader in European sports programing in addition to the US. We have been happy shareholders of John Malone for years. The stock trades for 11 times forward earnings.

From Jeff Auxier (Trades, Portfolio)'s second-quarter 2017 shareholder letter.