U.S. Markets closed

Discovery says 'fully on track' to see OWN's cash flow break even in 2H

The company says it will continue to return capital to shareholders aggressively if it is the best use of its balance sheet, says first priority remains investing in core business. Anticipates returning similar amounts of capital to shareholders through buybacks in 2013 as in 2012. Comments made on the Q4 earnings conference call.