Liberty’s Discovery Unit Posts Rise in Earnings
From Bloomberg News
Liberty Media Corp. said operating income at its Discovery Communications unit more than doubled in the second quarter as its cable networks attracted more viewers.
Discovery’s operating income rose to $96 million from $37 million in the year-earlier period, Liberty said. Discovery’s revenue rose 18% to $490 million. Liberty, based in Englewood, Colo., owns a 50% stake in Discovery.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
