DISCB - Discovery, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
35.51
-2.99 (-7.77%)
At close: 4:00PM EST
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Previous Close38.50
Open37.26
Bid33.50 x 1000
Ask42.00 x 800
Day's Range35.51 - 39.12
52 Week Range27.80 - 40.16
Volume50
Avg. Volume144
Market Cap15.333B
Beta (3Y Monthly)1.64
PE Ratio (TTM)15.97
EPS (TTM)2.22
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est30.00
  • Is Discovery, Inc. (DISCA) A Good Stock To Buy?
    Insider Monkey

    Is Discovery, Inc. (DISCA) A Good Stock To Buy?

    Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]

  • HGTV Opens The Doors To The Spectacular HGTV Dream Home 2020 On The Coveted Hilton Head Island, South Carolina
    PR Newswire

    HGTV Opens The Doors To The Spectacular HGTV Dream Home 2020 On The Coveted Hilton Head Island, South Carolina

    HGTV today unveiled the 24th edition of HGTV® Dream Home, a sprawling Southern-style approximately 3,500-square-foot home on the highly sought-after destination Hilton Head Island, South Carolina. HGTV, a member of the Discovery, Inc. family of brands, will award the newly built, fully furnished residence to the grand prize winner, along with a brand new Honda Passport Elite and $250,000 from Rocket Mortgage® by Quicken Loans®, a prize package valued at over $2 million.

  • PR Newswire

    'AKC National Championship Dog Show Presented By Royal Canin' To Air On Animal Planet On New Year's Day

    Bring in the new year with one of the world's largest and most prestigious dog shows, The AKC National Championship Presented by Royal Canin, returns to Animal Planet as a three-hour special on Monday, Jan. 1, 2020 at 6 p.m. ET/PT. An encore of the special will air two hours following the conclusion of the premiere beginning at midnight, and re-airs will be available on AKC.TV.

  • Should You Buy Discovery, Inc. (DISCK)?
    Insider Monkey

    Should You Buy Discovery, Inc. (DISCK)?

    It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]

  • Discovery CEO predicts 'carnage' in streaming wars
    Yahoo Finance

    Discovery CEO predicts 'carnage' in streaming wars

    Apart from its streaming ambitions, the big question about Discovery will be: What might it buy next?

  • PR Newswire

    Discovery CEO Of Global Direct-To-Consumer Peter Faricy to Present At The Wells Fargo TMT Summit

    SILVER SPRING, Md. , Nov. 21, 2019 /PRNewswire/ -- Discovery (Nasdaq: DISCA, DISCB, DISCK) today announced that Peter Faricy , CEO of Global Direct-to-Consumer will present at the Wells Fargo TMT Summit ...

  • Bloomberg

    Everyone Gets Paid in CBS-Viacom Except Shareholders

    (Bloomberg Opinion) -- Is it just me, or does the $100 million “severance” being paid to Joe Ianniello, the acting chief executive officer of CBS Corp., stink to high heaven? For starters, you can make a pretty compelling Elizabeth Warren-esque argument that handing a $100 million “severance” to someone who is not, in fact, leaving the company is exactly why income inequality has become such a hot-button issue.But let’s be old school about this. Let’s focus on the shareholders and how this is their money that’s being handed to Ianniello. It is also an unpleasant reminder of how the father-daughter combo of Sumner and Shari Redstone seemingly can’t resist throwing hundreds of millions of dollars at executives who have not done much for their stockholders.The Redstones, of course, control CBS through their privately held film exhibition company, National Amusements Inc. They also control Viacom Inc., which Sumner Redstone bought for $3.4 billion in 1987. (Viacom acquired CBS in 1999.) Until 2016, Sumner Redstone, now 96, was the executive chairman of both companies, though he had largely disappeared from public view two years earlier amid allegations that he was in serious decline. Shari Redstone, 65, is the vice chairman of both companies.In 2003, when CBS was still part of Viacom — and Sumner Redstone was still in charge — Les Moonves became its CEO, a position he retained when CBS was spun off in late 2005. Between 2007 and 2018, when Moonves was fired for sexual improprieties, the CBS board, led by the Redstones, paid him just shy of $700 million, according to figures compiled by Bloomberg. That’s an average of $63.6 million a year.I happen to think that $63 million a year is an absurd amount to pay a manager to run a company. But even if you accept that entertainment companies pay their executives insane amounts — Discovery Inc. paid its CEO, David Zaslav $129.4 million last year, for crying out loud — it is reasonable to assume that such an outsized paycheck would be justified by outsized performance.Not so. During the Moonves era at CBS, the S&P 500 Index returned an average of 9% a year. CBS returned 8.7% a year. In other words, the Redstones and the CBS board paid hundreds of millions of dollars of its shareholders’ money to a man who could barely keep pace with an index fund. (By comparison, the Walt Disney Co. returned 14.6%, and 21st Century Fox returned 10.5%.)The situation at Viacom is even worse. Remember Philippe Dauman, the former CEO whom Sumner Redstone once called “the wisest man I know”? He ran Viacom for a decade, from 2006 to 2016. According to Equilar, a company that compiles executive compensation figures, his compensation during those 10 years was nearly $500 million — while the stock gained a paltry 2.7% a year on average. You may recall that Dauman wound up in a nasty court fight with the Redstones in 2016, trying to keep his job by contending that Sumner Redstone was no longer mentally competent to make key business decisions. After winning that battle, the Redstones still handed Dauman a parting gift as they pushed him out the door: a $75 million severance package.Which brings us back to Ianniello. Although he has been acting CEO only since Moonves departed late last year, Ianniello has also been the recipient of the Redstones’ largesse: Between 2016 and 2018, as the company’s chief operating officer, his compensation averaged $27 million a year, according to Bloomberg. The stock? It dropped from the low 70s to the mid-40s during those three years. This is what’s known as “pay for pulse.”So why did Shari Redstone feel the need to hand Ianniello an additional $100 million? The reasons are twofold. First, Redstone is recombining Viacom and CBS. She doesn’t want Ianniello to leave — at least not right away — but she also isn’t going to make him the top dog. Second, for legal reasons, she can’t ramrod this deal through by herself, even though she is the controlling shareholder. She needs the CBS board and senior management to support the bid. “You need Joe to get the merger done,” Robin Ferracone, the CEO of executive compensation consulting firm Farient Advisors, told Bloomberg. “So you need to make him indifferent to whether he’s going to lose his job or not.”Yes, $100 million is certainly likely to buy a whole lot of indifference. Then again, $10 million probably could have achieved the same result. And in any case, if Shari Redstone needs $100 million to, er, persuade one of her executives to support her merger plan, maybe that suggests the merger’s success is not exactly a slam dunk.I have a hard time seeing how combining two underperforming media companies with a hodgepodge of assets will create a worthy competitor to powerhouses such as Disney, which rolled out its Disney+ streaming service on Tuesday morning, and AT&T, which next year will bundle its media assets into another streaming entrant, HBO Max. But Shari Redstone wants to combine Viacom and CBS, and with the help of that $100 million, that’s what’s going to happen. When the companies are merged, which is expected to take place next month, the CEO of the combined entity will be Bob Bakish, who is Viacom’s CEO.Since he took over Viacom, Bakish’s compensation has been surprisingly normal, at least by modern CEO standards. According to company filings, he received about $20 million a year in total pay in 2017 and 2018.But fear not. Once the deal is done, Bakish’s pay is set to jump to more than $30 million. I predict that he’ll be in Moonves/Dauman territory in no time. After all, overpaying executives is the Redstone way.To contact the author of this story: Joe Nocera at jnocera3@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Joe Nocera is a Bloomberg Opinion columnist covering business. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. His latest project is the Bloomberg-Wondery podcast "The Shrink Next Door."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • How Liquidity Shortage is Fueling Explosive Stock Swings
    Investopedia

    How Liquidity Shortage is Fueling Explosive Stock Swings

    Goldman Sachs says falling liquidity has boosted volatility during Q3 earnings season. Stocks with low liquidity move 12% more than normal.

  • PR Newswire

    Discovery, Inc. Reports Third Quarter 2019 Results

    SILVER SPRING, Md. , Nov. 7, 2019 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (NASDAQ: DISCA, DISCB, DISCK) today reported financial results for the quarter ended ...

  • Benzinga

    Discovery Q3 Earnings Outlook

    Discovery (NASDAQ: DISCA ) releases its next round of earnings this Thursday, November 7. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report. Earnings and Revenue ...

  • 6 Stocks That Can Win the Pay TV Streaming Wars
    Investopedia

    6 Stocks That Can Win the Pay TV Streaming Wars

    Video streaming services are proliferating rapidly, with a growing number of deep pocketed players getting into the game. A shakeout is inevitable.

  • PR Newswire

    Discovery Chief Financial Officer Gunnar Wiedenfels To Present At The Morgan Stanley European Technology, Media & Telecom Conference

    SILVER SPRING, Md. , Oct. 29, 2019 /PRNewswire/ -- Discovery (Nasdaq: DISCA, DISCB, DISCK) today announced that Chief Financial Officer Gunnar Wiedenfels will present at the Morgan Stanley European Technology, ...

  • PR Newswire

    Discovery, Inc. and Comscore Announce Broad Strategic Partnership Across Measurement, Targeting and Segmentation

    NEW YORK, Oct. 28, 2019 /PRNewswire/ -- Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) and Comscore, a trusted partner for planning, transacting and evaluating media, today announced a number of multi-year strategic agreements for the use of Comscore's audience measurement and consumer insights tools, as well as for a deeper partnership that will innovate the next generation of measurement capabilities. The agreements expand the partnership between the two companies and further integrate Comscore's suite of products across Discovery's platforms, including Comscore's TV Essentials (TVE) for advanced advertising, and Comscore's Campaign Ratings (CCR), which offer significant advancement in demonstrating the multi-platform reach of an advertising campaign.

  • PR Newswire

    Chip and Joanna Gaines, Discovery Inc. Announce Magnolia Network's First Original Series Featuring Musical Duo JOHNNYSWIM

    WACO, Texas, Oct. 22, 2019 /PRNewswire/ -- Discovery, Inc.'s joint-venture with Chip and Joanna Gaines today announced the first original series for the couple's upcoming Magnolia network: Home on the Road (WT). The six-episode series will follow husband and wife Abner Ramirez and Amanda Sudano Ramirez as they tour North America with their band JOHNNYSWIM, complete with son Joaquin (4) and daughter Luna (12 months) in tow. "Amanda and Abner are magnetic," said Chip and Joanna Gaines.

  • PR Newswire

    Discovery, Inc.'s Food Network Kitchen Officially Launches in U.S.

    First-ever Live, Interactive Cooking Product to Launch with All-Star Line-up of Live Classes from Top Food Network Chefs and Global Culinary Leaders and Influencers Limited-Time Discounted Price of $47.99 ...

  • Here is What Hedge Funds Think About Discovery, Inc. (DISCA)
    Insider Monkey

    Here is What Hedge Funds Think About Discovery, Inc. (DISCA)

    Is Discovery, Inc. (NASDAQ:DISCA) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. […]

  • 7 Underpriced Stocks With Biggest Upside as Market Stages 4Q Rally
    Investopedia

    7 Underpriced Stocks With Biggest Upside as Market Stages 4Q Rally

    Goldman Sachs names 7 stocks with wide gaps between their current and target prices that could soar.

  • PR Newswire

    From Oscar® Winners Alex Gibney And Steven Spielberg, Discovery en Español's Timely New Series ¿POR QUÉ ODIAMOS? Debuts Globally Sunday, October 13

    From horrific extremes such as the Holocaust or the Rwandan genocide, when hate has fueled mass destruction, to everyday incidents like playground bullying or malicious trolling on social media, hate shapes our lives in myriad ways. Executive produced by filmmaking heavyweights Alex Gibney and Steven Spielberg and directed by Geeta Gandbhir and Sam Pollard (Emmy® winners for "When The Levees Broke: A Requiem in Four Acts"), ¿POR QUÉ ODIAMOS?

  • PR Newswire

    Fastest Growing Colombian Broadcast Network Canal 1 Reaches Content and Commercial Partnership Deal with Discovery Colombia

    MIAMI, Oct. 3, 2019 /PRNewswire/ -- Hemisphere Media Group, Inc. (HMTV) ("Hemisphere" or the "Company"), the only publicly traded pure-play U.S. media company targeting the high growth U.S. Hispanic and Latin American markets with leading broadcast and cable television and digital content platforms, today announced that Canal 1, one of three national broadcast networks in Colombia, has entered into a content and commercial partnership deal with the leader in real-life entertainment, in which some of Discovery's most popular programs will air on Canal 1 during select dayparts throughout the week.

  • PR Newswire

    Discovery To Report Third Quarter 2019 Results On Thursday, November 7

    SILVER SPRING, Md. , Oct. 2, 2019 /PRNewswire/ -- Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) will report its third quarter 2019 results on Thursday, November 7, 2019 , at 7:00 a.m. ET . The Company ...

  • PR Newswire

    Discovery, Inc. Re-imagining the Direct-to-Consumer Experience with First-of-its-kind Product Offering

    Food Network Kitchen to Launch in U.S. in October First-Ever LIVE, Interactive Cooking Platform with Top Food Network Chefs and Global Culinary Leaders 25 LIVE Cooking Classes Each Week, 5 Daily Cooking ...

  • Reuters

    Discovery to launch live and on-demand cooking classes via new streaming app

    While Netflix Inc, Walt Disney Co and other media companies battle for control of the living room, Discovery Inc is doubling down on the kitchen. Discovery on Wednesday said it was launching a new service in October, Food Network Kitchen, that will offer live and on-demand cooking classes on a Food Network streaming app in the United States. The service, which will feature Food Network chefs such as Bobby Flay and Rachael Ray, will have a free, ad-supported version and an ad-free subscription service costing $7 per month or $60 per year.

  • Bloomberg

    Mock Tornado Alert on CBS’s ‘Young Sheldon’ Draws Proposed Fine

    (Bloomberg) -- The hit CBS Corp. comedy “Young Sheldon” about a child genius, wasn’t so smart when it came to a mock tornado warning, according to the Federal Communications Commission.Even modified, the tornado warning sounded too much like the Emergency Alert System, which is a violation of agency rules, the agency said. It’s proposing a $272,000 fine for the network’s April 12, 2018, episode, according to a notice on the FCC website. CBS will get a chance to respond before any fine is imposed.The FCC is cracking down on what it says are potentially dangerous uses of the emergency alerts in television shows. The alerts are used to warn the public about emergency events like dangerous weather. Using them in television shows could confuse listeners and is a “serious public safety concern,” the agency said.Last month, the FCC lobbed a $395,000 penalty against ABC over the use of an alert during a comedy sketch on “Jimmy Kimmel Live!,” $68,000 against Discovery Communications Inc. for an Animal Planet episode and $104,000 against AMC Networks Inc. for two episodes of “The Walking Dead.”The “Young Sheldon” episode aired on 227 television stations, including 15 owned and operated by CBS, according to the FCC. The show is a crossover of “The Big Bang Theory,” telling about the childhood of “Big Bang” character Sheldon Cooper.To contact the reporter on this story: Susan Decker in Washington at sdecker1@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Wendy BenjaminsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.