Discovery (DISCA) Poised to Be the Most Entertaining TV Network Ever, Oprah Will Make Sure of That - Barron's
More News related to DISCA
- Trading Radar for 02/10: Sprint (S), Dean Foods (DF), Scripps Networks (SNI), Vale S.A. (VALE), Level 3 Comm (LVLT) Report
- Discovery Health Presents Its Most Dramatic and All New Baby Week
- Discovery Student Adventures Launches the Ultimate Summer Field Trip Sweepstakes
- The POLICE WOMEN OF MARICOPA COUNTY Hit the Ground Running
- Trash TV: Sidney Torres and His TRASHMEN Debut on TLC
More News related to General News
- Larry Summers Claims Lobbyists Are Slowing Down Financial Reform
- U.S. FDA to Become More Stringent on Medical Imaging Equipment (GE, SI)
- Stocks Rally On Hopes for a "Big Fat" Greek Bailout
- comScore (SCOR) Reports e-Commerce Spending Up Marginally for Q409 (AMZN, EBAY, BKS, MALL, More...)
- Cadbury (CBY) to Continue Idling of Somerdale Manufacturing Facility, Despite Talks with Kraft (KFT)
A Barron's article reports that Discovery Communications (NASDAQ: DISCA) will have one of the most entertaining line-ups on TV with the new acquisition of Oprah Winfrey and her Network, OWN. The programming is expected to begin in early 2011, so set your DVR's now.
Discovery generally broadcasts such family favorites as Jon and Kate Plus 8, Little People, Big World, Cake Boss, and Deadliest Catch.
Discovery recently revised their revenue expectations for 2009, now seeing $3.45 - $3.50 billion. The consensus estimate is $3.49 billion.
The common stock is currently trading about 10.5 EBITDA estimates from Gabelli & Co. Estimates also have a price target at $38 - $39 from several firms. The stock is at $32.38 in early-morning trading. Much of the brunt behind the estimates is an increased advertising revenue outlook, stronger ratings, and tighter cost controls.
Discovery has also reduced their debt through a combination of increased earnings and proceeds from a $500 million note offering made three months ago.
The plan is to relaunch Discovery Health as the Oprah Winfrey Network. Discovery has paid $100 million through 2011, and will only see the money returned if the network is profitable.
Related Categories
General NewsStocks Mentioned
+0.76Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
