“Discovery’s unique portfolio of assets and global brands drove yet another quarter of strong worldwide viewership and financial results,” commented David Zaslav, President and CEO of Discovery Communications. “Discovery is like no other media company, propelled by our unmatched global infrastructure, local leadership, efficient global content model and sturdy position in the US, and we are confident in our ability to drive near and long-term growth and shareholder value.”

Third quarter revenues of $1,557 million decreased 1 per cent compared to the third quarter a year ago, as 8 per cent growth at US Networks was more than offset by a 9 per cent decline at International Networks, primarily due to currency effects. Adjusted Operating Income Before Depreciation and Amortisation (“OIBDA”) decreased 9 per cent to $576 million, as 4 per cent growth at US Networks was more than offset by a 21 per cent decline at International Networks, primarily due to currency effects, and a small operating loss at Education and Other. Total Company revenues grew 8 per cent and Adjusted OIBDA declined 1 per cent excluding currency effects, as changes in foreign currency exchange rates reduced third quarter revenue and Adjusted OIBDA growth by 9 per cent and 8 per cent, respectively. Excluding currency effects and the impact of the Eurosport acquisition, the SBS Radio disposition, and the consolidation of Discovery Family, total Company revenues increased 7 per cent and Adjusted OIBDA decreased 1 per cent.