Discovery Communications Reports Third Quarter EPS of $.37

Discovery Communications, Inc.

today reported financial results for the third quarter ended September 30, 2010. Third quarter revenues of $926 million increased $89 million, or 11%, over the third quarter a year ago, led by 11% growth at U.S. Networks and 10% growth at International Networks. Adjusted Operating Income Before Depreciation and Amortization.(1) ("OIBDA") grew 14% to $418 million, driven by a 12% increase at U.S. Networks and an 23% increase at International Networks. Third quarter net income from continuing operations available to Discovery Communications, Inc. stockholders of $161 million ($0.37 per diluted share) increased $68 million compared to $93 million ($0.22 per diluted share) for the third quarter a year ago. The current quarter results reflect the strong operating performance and $43 million of lower expense in the current year from the unrealized change in the fair value of mark-to-market share-based compensation.