Discovery Communications IPO

One more IPO from the communications sector is expected to hit the markets bvery soon. Backed by he strong financial results, the Discovery Communications IPO is planning to come out with an IPO or initial Public offering.

What are the financial results of Discovery Communications?
Discovery Communications LLC reported that first-quarter revenue was up 12 percent, from $710 million to $795 million, on the strength of advertising and subscriber revenue at its television networks.
For the first quarter, Discovery Holding's operating cash flow increased 51 percent, from $190 million to $286 million.
At Discovery's U.S. cable channels, first-quarter revenue was up 3 percent, from $477 million to $491 million. Operating cash flow increased 18 percent, from $210 million to $247 million.

The company reports cash flow as its most meaningful performance metric because, like many privately held companies, consistent cash flow is required to pay down debt.
Discovery Communication's debt at the end of the first quarter was $4.1 billion, up from $2.9 billion in the same quarter of last year, largely due to a $1.5 billion loan required to buy out Cox Communications, a former 25-percent stakeholder in Discovery, the company said.

What are the current shareholding patterns of Discovery Communications?
Discovery Holding Co., controlled by billionaire media mogul John Malone, owns two-thirds of Discovery Communications, home to popular cable television shows such as "MythBusters" and "Man vs. Wild." The remaining third of the television network is owned by Advance/Newhouse Communications and founder John S. Hendricks.

When will the Discovery Communications IPO open for subscription?
No information is available at the moment about the listing date or the subscription dates for the Discovery Communications IPO.

Let’s see how this IPO performs once its lists on the stock exchanges.

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