DISCK - Discovery, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
26.16
+0.32 (+1.24%)
At close: 4:00PM EDT
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Previous Close25.84
Open26.15
Bid0.00 x 1300
Ask0.00 x 900
Day's Range25.75 - 26.28
52 Week Range21.99 - 31.55
Volume1,426,765
Avg. Volume2,688,530
Market Cap14.426B
Beta (3Y Monthly)1.38
PE Ratio (TTM)12.69
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • 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.

  • 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.

  • Tech companies are trying to disrupt banks, and banks are ready
    Yahoo Finance

    Tech companies are trying to disrupt banks, and banks are ready

    Big banks are well defended against disruption by tech companies and startups, which are al going after a lucrative market.

  • 2 Insanely Cheap Media Stocks to Buy Right Now
    Motley Fool

    2 Insanely Cheap Media Stocks to Buy Right Now

    Despite top-notch leadership and solid results, these “old media” companies trade at single-digit P/E ratios.

  • 2 Top Entertainment Stocks to Buy Now
    Motley Fool

    2 Top Entertainment Stocks to Buy Now

    Investors can pad their returns with these powerhouse companies.

  • ViacomCBS is just the beginning of Shari Redstone's media deals
    Reuters

    ViacomCBS is just the beginning of Shari Redstone's media deals

    More than two months before CBS Corp and Viacom Inc succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. "We would want to look at something after that to ... develop more scale as we move forward,” Redstone said at The Information's Women in Tech, Media and Finance conference in June. To the audience of executives in the Times Square high rise overlooking the storied Paramount building, it was clear that her ambitions went well beyond the hard-won reunion of the two companies her father, Sumner Redstone, put together and then pulled apart 13 years ago during a very different era in media.

  • CBS and Viacom Reunite Just in Time for a Media Fight
    Bloomberg

    CBS and Viacom Reunite Just in Time for a Media Fight

    (Bloomberg Opinion) -- The road to a merger of CBS Corp. and Viacom Inc. was winding and treacherous, featuring boardroom clashes, legal battles and a MeToo moment. But on Tuesday, after years of friction and back-and-forth, the two Hollywood companies officially agreed to reunite. It’s about time.  CBS is buying Viacom in an all-stock deal that values the company at about $18.5 billion including debt, formalizing a plan their controlling shareholder, Shari Redstone, has long pursued. The terms involve CBS exchanging 0.59625 a share for each Viacom share, and the new entity will be called ViacomCBS. The transaction puts CBS, the broadcaster, and Showtime, a premium cable channel, back under the same roof as Viacom’s networks, such as MTV, BET, Nickelodeon and Comedy Central, as well as the Paramount Pictures movie studio. Fourteen years ago, these businesses formed a single company. The endless melodrama that’s revolved around CBS and Viacom ever since provides important context in understanding why they need each other now.Beginning in the late 1980s, Shari Redstone’s father, the movie-theater mogul Sumner Redstone, spent what would normally be one’s retirement years snapping up media assets. Then, in 2006, he split his conglomerate in two. The reasons were just as ego-driven as they were business-minded, giving each of his two favorite successor candidates a company to run: Les Moonves with CBS and Showtime on one side and Tom Freston with Viacom and Paramount on the other. An elated Moonves said the move would resolve an internal “schizophrenia,” but it spawned a corporate-sibling rivalry. It wasn’t long before Redstone fired Freston (bizarrely, for not taking over the website MySpace), and Philippe Dauman was chosen as the next Viacom CEO, the one who would oversee its vicissitudes of fortune.Redstone called Dauman “the wisest man I have ever known.” He would often say Moonves was a “super genius.” He was wrong on both accounts. Under Dauman, Viacom’s cable networks lost popularity, and the movie business suffered steep losses, greenlighting small films with unjustifiably big budgets. CBS was the stronger sibling, and Moonves was considered especially skilled at crafting its programming lineup. However, Moonves was accused of abusing his power, fostering a culture of sexism, harassment and intimidation. Dauman was ousted in 2016; the MeToo movement ushered Moonves out two years later.Since then, Viacom has been staging a turnaround under CEO Bob Bakish, who will remain in his role as chief of the combined entity, working to deliver on the annual $500 million of promised cost savings. Shari Redstone, who stepped into her father’s shoes some time ago, will be the new chair of the board. Joe Ianniello, Moonves’s former No. 2 and interim successor, has worked to get back into Redstone’s good graces after CBS’s suit last year to strip her of her voting power. He will stay on as chairman and CEO of the CBS business, reporting to Bakish. It’s not the juicy ending fans of HBO’s “Succession” — a TV series partly inspired by the Redstones and other media moguls — would want or expect from CBS and Viacom, but it’s the civilized outcome the companies need so they can fight to stay relevant in their industry. Bakish’s track record makes him a solid pick to lead that charge, or perhaps dress up the new entity for a sale. A roll-up-your-sleeves-type manager, he’s injected life back into Viacom after many investors thought it was too far gone. He’s reduced the debt that was once a serious strain on the business, and he’s invested in growth opportunities, such as the advertising-supported Pluto TV streaming service. Paramount Pictures is making money again.Still, the years of dysfunction did its damage, and CBS and Viacom’s rivals only got bigger. Walt Disney Co. purchased the 20th Century Fox studio and other assets from Rupert Murdoch for $85 billion this year. That deal came on the heels of AT&T Inc.’s $102 billion takeover of Time Warner, the parent of HBO.(1) Discovery Inc. now owns former Scripps properties such as HGTV. Netflix Inc., meanwhile, has grown its global subscriber base to more than 150 million. My column last week explained in more detail why CBS and Viacom would benefit from greater scale, which saves them money and provides greater ability to negotiate with pay-TV operators and devise a more tenable streaming strategy.A combined CBS-Viacom may even be a merger candidate for Discovery next. There are similarities: Like Viacom, Discovery focuses on unscripted programming — or reality TV — and it’s controlled by a billionaire, John Malone, who at 78 is thinking about how to tidy up his estate. As owners of the also-rans of the industry, it may be time for Redstone and Malone to work out a deal. Starz, the premium channel owned by Lions Gate Entertainment Corp., another Malone investment, is an option as well. Sumner Redstone turned 96 in May and was deemed incapacitated by a judge last year amid litigation involving his trust. He is said to communicate using iPad prompts, including one that curses on his behalf; only those closest to the ailing billionaire know what button he pressed when he heard about the merger. But in April 2008, when Redstone was still able to participate in earnings calls, he said this:I think that Les [Moonves]'s strategy will work for CBS, and I think that Philippe [Dauman]'s strategy will work for Viacom. It is not true that success between these two companies is mutually exclusive.The irony is that his misplaced faith in those managers is why CBS and Viacom’s fates are intertwined once again.(1) Transaction values include debt.To contact the author of this story: Tara Lachapelle at tlachapelle@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.Tara Lachapelle is a Bloomberg Opinion columnist covering deals, Berkshire Hathaway Inc., media and telecommunications. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Discovery Communications Inc (DISCA) Q2 2019 Earnings Call Transcript
    Motley Fool

    Discovery Communications Inc (DISCA) Q2 2019 Earnings Call Transcript

    DISCA earnings call for the period ending June 30, 2019.

  • Discovery Earnings Rise as Pay-TV Subscriber Losses Stabilize
    Motley Fool

    Discovery Earnings Rise as Pay-TV Subscriber Losses Stabilize

    The content giant had some good news for investors in its second-quarter report.

  • Benzinga

    Discovery Reports Q2 Earnings Miss

    Discovery Communications (NASDAQ: DISCA ) reported second-quarter earnings of 98 cents per share versus the analyst consensus estimate of $1.05. This is a 27.27% increase over earnings of 77 cents per ...

  • Cable, Satellite Subscriber Losses Are Picking Up in the U.S.: Chart
    Bloomberg

    Cable, Satellite Subscriber Losses Are Picking Up in the U.S.: Chart

    (Bloomberg) -- Cable- and satellite-TV customers continue their headlong flight toward streaming services. Bloomberg Intelligence found growing subscriber losses for the major U.S. providers in each of the past four quarters. That sets an ominous stage for this week’s earnings reports from companies including Walt Disney Co., Viacom Inc. and Discovery Inc., which are moving into online services themselves but still rely on those providers to get their channels to viewers.To contact the reporter on this story: John J. Edwards III in Geneva at jedwardsiii1@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Cécile Daurat, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Markit

    See what the IHS Markit Score report has to say about Discovery Inc.

    Discovery Inc NASDAQ/NGS:DISCKView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for DISCK with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.50 billion over the last one-month into ETFs that hold DISCK are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • fuboTV inks Discovery deal, adds 13 more networks to its live TV streaming service
    TechCrunch

    fuboTV inks Discovery deal, adds 13 more networks to its live TV streaming service

    Live sports streaming service fuboTV is expanding further into non-sportscontent with today's news that it's inked a new multi-year deal withDiscovery, Inc

  • Is Discovery, Inc. (DISCK) A Good Stock To Buy?
    Insider Monkey

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

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]

  • Reuters

    ProSieben streaming JV to go live, partners with Facebook

    German broadcaster ProSiebenSat.1 Media will launch its streaming joint venture with Discovery Inc, on June 18, with a premium version planned to go live in the coming winter, CEO Max Conze said on Wednesday. The venture, called Joyn, is a key plank of Conze's strategy to turn around the fortunes of ProSieben as it battles weak advertising on its commercial channels and digital platforms like Netflix lure away younger viewers.