Discovery Earnings Rise as Pay-TV Subscriber Losses Stabilize
Investors have been happy with Discovery (NASDAQ: DISCK) (NASDAQ: DISCA) (NASDAQ: DISCB) following its merger with Scripps Networks, which created one of the biggest pay-TV content platforms on the market. The company's aggressive pivot toward digital delivery is starting to pay off as well, even as advertising revenue stabilizes in the broadcast TV industry.
Discovery on Tuesday announced second-quarter earnings that showed continued progress along these major strategic initiatives.
Here's how the headline numbers compare with the prior-year period:
Quelle Fool.com
