Discovery Communications is bullish on the content business -- because it owns its own content, CEO David Zaslav told investors as the company announced solid third quarter results, topping analysts' sales estimates and boosting its forecast for the year as subscription revenue increased.
Revenue for the quarter climbed 18% to $1.1 billion, the Silver Spring, Maryland-based company said yesterday in a statement. Revenue for the year is expected to be between $4.18 billion and $4.25 billion, compared with a forecast range in August of $4.08 billion to $4.18 billion, the company said.
Read the rest at adage.com
No comments:
Post a Comment