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Discovery hedges £ sterling fall

Discovery Communications has took to deliver a statement regarding the Brexit vote, pledging to continue in the UK market.

“Discovery Communications respects the decision of the UK people in this historic vote to leave the European Union. Discovery Channel launched in the UK in 1989 and since then it has become one of our biggest markets and a critical creative and business hub. As a global company with a significant presence in 220 markets, we are accustomed to operating in an industry and a world where change is constant. We will work closely with UK and EU leaders to successfully navigate this change and find new opportunities to shape our future. In the short-term and medium-term, our currency hedging programme will significantly minimise the foreign exchange impact of the Brexit vote on our financial performance.”

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