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Investors sent shares of Discovery up 4 percent on Thursday after the company revealed that its ad sales — dragged down by the pandemic earlier this year — have been rebounding.
The media company
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Discovery, home of “90 Day Fiancé” and Guy Fieri’s “Diners, Drive-Ins and Dives,” said Wednesday that it plans to launch a new streaming service as the coronavirus took a bite out of its second-quarter income. The broadcasting giant, which owns channels TLC, Food Network and HGTV, plans to launch a new, subscription-based streaming service that …
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Unscripted shows from TV channels like Food Network, TLC and HGTV helped Discovery beat Wall Street’s profit expectations despite a slight revenue dip fueled by the coronavirus. The broadcasting giant said its portfolio of TV brands lost 6 percent of its total subscribers from the first quarter of 2019. Among its biggest channels, including Discovery, …
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High-rollers from Bryan Cranston to Chip Gaines and Joy Behar are joining a poker tournament to raise cash for Mount Sinai’s coronavirus fund. Chef Bobby Flay, Cheryl Hines and Boris Becker are among the names taking part in the game on Saturday. Discovery CEO David Zaslav is spearheading the event, where 100 percent of the …
Investors sent shares of Discovery up 4 percent on Thursday after the company revealed that its ad sales — dragged down by the pandemic earlier this year — have been rebounding. The media company
