Key Developments For Discovery Communications, Inc.
Discovery Communications, Inc. (DISCK.O) (Nasdaq)
Discovery Communications Inc. Raises Low End Of FY 2009 Revenue Guidance; Raises FY 2009 OIBDA Guidance; Narrows FY 2009 Net Income Guidance
Discovery Communications Inc. announced that for fiscal 2009, it expects total revenue between $3.450-$3.500 billion, adjusted OIBDA between $1.430-$1.460 billion and net income available to Discovery Communications, Inc. stockholders of $525-$550 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $3.478 billion and net income of $548 million for the same period.
HSW International, Inc. Joins With Dr. Mehmet Oz, Harpo Productions, Discovery Communications Inc., Sony Pictures Television And Jeff Arnold To Form Sharecare, Inc.,
HSW International, Inc. announced that it has joined with Dr. Mehmet Oz, Harpo Productions, Discovery Communications Inc., Sony Pictures Television and Jeff Arnold to form Sharecare, Inc., an healthcare platform for consumers to ask, learn and act on the questions of health. HSW International and the other co-founders of Sharecare each hold minority equity positions in the company. Additionally, HSW International has entered into a service agreement with Sharecare to develop the company's Web 3.0 platform and site, leveraging HSWI's expertise in online content platforms.
Crave Entertainment and Discovery Communications Inc. To Bring Discovery Channel's Man vs. Wild and Deadliest Catch To Video Game Consoles
Crave Entertainment announced that it has entered into an agreement with Discovery Communications Inc. to develop and produce video games based on two of Discovery Channel's television shows. Crave will publish the Man vs. Wild and Deadliest Catch for all current video game platforms beginning in Spring 2010. The deal was brokered on behalf of Discovery Communications by its licensing agent, The Joester Loria Group and is for the North American market. Both Discovery Channel titles are slated to appear on PlayStation 3 system, Nintendo Wii system, Nintendo DS system. Man vs. Wild will appear on the Xbox 360 system.
FUHU, Inc. and Discovery Communications Inc.'s HowStuffWorks.com Announce Partnership To Deliver Content via Spinlets Widgets
FUHU, Inc. and HowStuffWorks.com, a division of Discovery Communications Inc., announced a partnership to create the Podcast Spinlets Widgets. HowStuffWorks will utilize FUHU's Spinlets widget technology to expand the reach of its Podcasts, making them accessible through iTunes while also allowing users to share the content through top social networks and web destinations with Spinlets' Take it 2Go feature.
Discovery Communications Inc. Prices Senior Notes Due 2019
Discovery Communications Inc. announced that Discovery Communications, LLC (DCL) has priced an offering of $500 million aggregate principal amount of 5.625% senior notes due 2019 (the Notes), pursuant to an automatically effective registration statement filed with the Securities and Exchange Commission on June 17, 2009. The notes were priced at 99.428% of the principal amount to yield 5.701% to maturity. The sale of the notes is expected to close on August 19, 2009, subject to customary closing conditions. The notes will be unsecured and will rank equally with all of DCL's other unsecured senior indebtedness. The notes will be fully and unconditionally guaranteed on an unsecured and unsubordinated basis by the Company. DCL expects the net proceeds from the offering of notes to be approximately $493 million after deducting the underwriting discount and its estimated expenses related to the offering. DCL will use the net proceeds of the offering to repay approximately $428 million of indebtedness outstanding under its Term Loan A, prior to final maturity on October 31, 2010. The remaining net proceeds will be used for general corporate purposes. Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Banc of America Securities LLC, Credit Suisse Securities (USA) LLC and RBS Securities Inc. acted as joint book-running managers for the offering.
