Discovery Holding Company

Discovery Holding Company
Company type	Public
Traded as	Nasdaq: DISCA; Nasdaq: DISCB;
Industry	Broadcasting & Cable TV
Predecessor	Liberty Media
Founded	2005; 19 years ago
Defunct	September 18, 2008; 16 years ago
Fate	Merged operations with Discovery Communications, LLC and Advance/Newhouse Communications
Successor	Discovery Communications
Headquarters	Principal executive offices located at Meridian, Colorado
Key people	John C. Malone (CEO & chairman); Robert R. Bennett (president and Director)
Products	Holding Company focused on media
Revenue	US$6,497 million
Number of employees	3,800, essentially all with subsidiaries
Website	discoveryholding.com; (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 [1]
Total shareholders’ equity at March 31, 2007: $4,570M USD [2]
Revenue for 2006: $688M USD [3]
Net earnings for 2006: -$28M USD [4]

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. [5]

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.^[2]^[3]

References

^ "Discovery Communications Reports Full Year and Fourth Quarter 2016 Results". Discovery Communications. February 14, 2017. Retrieved August 7, 2017.
^ "Discovery to combine stakes in Discovery Communications with Advance/Newhouse". Archived from the original on December 31, 2007.
^ Information statement: Discovery Holding Company Archived March 4, 2016, at the Wayback Machine. U.S. Securities and Exchange Commission.

External links

[6]^{[permanent dead link]} - Form 8-K for Discovery Communications, Inc.: Completion of Acquisition or Disposition of Assets, Changes in Reg
[7] - SEC Information statement on Discovery Holding Company, Inc.
Yahoo! - Discovery Holding Inc. Company Profile

[FY_results-1] "Discovery Communications Reports Full Year and Fourth Quarter 2016 Results". Discovery Communications. February 14, 2017. Retrieved August 7, 2017.

[2] "Discovery to combine stakes in Discovery Communications with Advance/Newhouse". Archived from the original on December 31, 2007.

[3] Information statement: Discovery Holding Company Archived March 4, 2016, at the Wayback Machine. U.S. Securities and Exchange Commission.

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