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Discovery Holding Company

American media company

Field	Value
name	Discovery Holding Company
image	Discovery Holding Company.svg
type	Public
traded_as
fate	Merged operations with Discovery Communications, LLC and Advance/Newhouse Communications
predecessor	Liberty Media
successor	Discovery Communications (later Warner Bros. Discovery)
revenue	{{cite web	url=https://corporate.discovery.com/discovery-newsroom/discovery-communications-reports-full-year-and-fourth-quarter-2016-results/	title=Discovery Communications Reports Full Year and Fourth Quarter 2016 Results
publisher	Discovery Communications	date=February 14, 2017	access-date=August 7, 2017}}
industry	Broadcasting & Cable TV
foundation
defunct
location	Principal executive offices located at Meridian, Colorado
key_people	John C. Malone (CEO & chairman)
Robert R. Bennett (president and Director)
num_employees	3,800, essentially all with subsidiaries
products	Holding Company focused on media
homepage
(archived)

Robert R. Bennett (president and Director) (archived)

Discovery Holding Company was an American company headquartered in Meridian, Colorado. The postal designation of nearby Englewood was commonly listed as the company's location in corporate filings and news accounts.

The company used to hold a 66-2/3% ownership stake in Discovery Communications, LLC, and operated Ascent Media and AccentHealth, LLC. On September 17, 2008, Discovery Holdings divested its interest in Ascent Media, and reorganized its remaining businesses around a new publicly traded holding company, Discovery Communications, Inc.

Corporate governance

Members of the board of directors of Discovery Holding included: John C. Malone and Robert R. Bennett. Former CEO John C. Malone is also the chairman of Liberty Media Corporation from which Discovery Holding Company was spun off in 2005.

Financials

Source: SEC filings

Cash and cash equivalents at March 31, 2007: $150M USD https://www.sec.gov/Archives/edgar/data/1320482/000095013407010672/d46249e10vq.htm#000
Total shareholders’ equity at March 31, 2007: $4,570M USD https://www.sec.gov/Archives/edgar/data/1320482/000095013407010672/d46249e10vq.htm#000
Revenue for 2006: $688M USD https://www.sec.gov/Archives/edgar/data/1320482/000095013407004374/d43634e10vk.htm#304
Net earnings for 2006: -$28M USD https://www.sec.gov/Archives/edgar/data/1320482/000095013407004374/d43634e10vk.htm#304

Holdings

Discovery Holding owned the following subsidiary companies until the corporate restructuring completed on September 17, 2008.

Ascent Media
66-2/3% of Discovery Communications, LLC. https://www.sec.gov/Archives/edgar/data/1320482/000103570407000367/d46517exv99w1.htm

Spin-off and restructuring

On December 13, 2007, Discovery Holdings announced a restructuring plan with that being completed on September 17, 2008, with Discovery Holding's Ascent Media business being spun off, and the remaining businesses, Discovery Communications, LLC and Advance/Newhouse Communications, were combined into a new holding company, Discovery Communications, Inc, with the new fully public company and trading on the NASDAQ stock market under the symbols DISCA, DISCB, and DISCK, with the SEC filings being submitted by the Discovery Holding Company.

References

(22 July 2005). "Another Spinoff Completed in Remaking Liberty Media". The New York Times.
"Discovery to combine stakes in Discovery Communications with Advance/Newhouse".
(19 September 2008). "Discovery Communications goes public, stock sinks*". Los Angeles Times.
[https://www.sec.gov/Archives/edgar/data/1320482/000104746905019465/a2153553zex-99_1.htm#ca1432_summary Information statement: Discovery Holding Company] {{Webarchive. link. (March 4, 2016 . U.S. Securities and Exchange Commission.)

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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