Discovery Holding Company
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| Discovery Holding Company | |
|---|---|
| Type | Public (NASDAQ: DISCa, NASDAQ: DISCb) |
| Founded | Spin-off from Liberty Media Corporation(2005) |
| Headquarters | Principal executive offices located at Meridian, Colorado |
| Key people | John C. Malone, CEO & Chairman; Robert R. Bennett, President and Director |
| Industry | Broadcasting & Cable TV |
| Products | Holding Company focused on media |
| Revenue | ▲ $6.11 Billion (USD) (2007)[1] |
| Employees | 3,800, essentially all with subsidiaries |
| Website | discoveryholding.com |
Discovery Holding Company (NASDAQ: DISCa, NASDAQ: DISCb) is a U.S. company headquartered at Meridian, Colorado. The postal designation of nearby Englewood is commonly listed as the company's location in corporate filings and news accounts.
The company holds a 66-2/3% ownership stake in Discovery Communications, Inc. (DCI). The company also oversees and manages Ascent Media Group, LLC and AccentHealth, LLC.
Discovery Holding Company's CEO, John C. Malone, is also the chairman of Liberty Media Corporation from which Discovery Holding Company was spun-off in 2005.
Contents |
[edit] Corporate governance
Current members of the board of directors of Discovery Holding include: John C. Malone and Robert R. Bennett.
[edit] Financials
Source: SEC filings
- Cash and cash equivalents at March 31, 2007: $150M USD [2]
- Total shareholders’ equity at March 31, 2007: $4,570M USD [3]
- Revenue for 2006: $688M USD [4]
- Net earnings for 2006: -$28M USD [5]
[edit] Holdings
- Ascent Media
- 66-2/3% of Discovery Communications, Inc. (DCI)[6]
[edit] Spin-off and restructuring
On December 13, 2007, Discovery Holdings announced that it plans combine Discovery Communications with Advance/Newhouse Communications into a new holding company [7]. The new company will operate under the name Discovery Communciations. The company expects the new stock to begin selling in the third quarter of 2008 [8]. As a part of the plan, Discovery Holdings will spin-off its remaining Ascent Media business to share holders in a separate IPO.
[edit] External links
- [9] - SEC Information statement on Discovery Holding Company, Inc.
- Yahoo! - Discovery Holding Inc. Company Profile
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