Discovery Holding Company was an American company headquartered in
Meridian, Colorado. The postal designation of nearby
Englewood was commonly listed as the company's location in corporate filings and news accounts.
The company used to hold a 66-2/3% ownership stake in
Discovery Communications, LLC, and operated
Ascent Media and AccentHealth, LLC. On September 17, 2008, Discovery Holdings divested its interest in Ascent Media, and reorganized its remaining businesses around a new publicly traded holding company, Discovery Communications, Inc.
Corporate governance
Members of the
board of directors
A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency.
The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...
of Discovery Holding included:
John C. Malone and
Robert R. Bennett. Former CEO
John C. Malone is also the chairman of
Liberty Media Corporation from which Discovery Holding Company was spun off in 2005.
Financials
Source:
SEC filings
The SEC filing is a financial statements, financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC). Public company, Public companies, certain insiders, and broker-dealers are required to make regu ...
* Cash and cash equivalents at March 31, 2007: $150M USD''
* Total shareholders’ equity at March 31, 2007: $4,570M USD''
* Revenue for 2006: $688M USD''
* Net earnings for 2006: -$28M USD''
Holdings
Discovery Holding owned the following subsidiary companies until the corporate restructuring completed on September 17, 2008.
*
Ascent Media
*66-2/3% of Discovery Communications, LLC
Spin-off and restructuring
On December 13, 2007, Discovery Holdings announced a restructuring plan with that being completed on September 17, 2008, with Discovery Holding's
Ascent Media business being
Corporate spin-off, spun off, and the remaining businesses,
Discovery Communications
Discovery, Inc. was an American multinational mass media factual television conglomerate based in New York City. Established in 1982, the company operated a group of factual and lifestyle television brands, such as the namesake Discovery Cha ...
, LLC and Advance/Newhouse Communications, were combined into a new holding company, Discovery Communications, Inc, with the new fully public company and trading on the
NASDAQ
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...
stock market under the symbols DISCA, DISCB, and DISCK, with the SEC filings being submitted by the Discovery Holding Company.
Information statement: Discovery Holding Company
. U.S. Securities and Exchange Commission.
References
External links
- Form 8-K for Discovery Communications, Inc.: Completion of Acquisition or Disposition of Assets, Changes in Reg
- SEC Information statement on Discovery Holding Company, Inc.
{{Warner Bros. Discovery
Discovery, Inc.
Predecessors of Warner Bros. Discovery
Companies based in Meridian, Colorado
Companies based in Colorado
2005 establishments in Colorado
2008 disestablishments in Colorado
Companies formerly listed on the Nasdaq
Corporate spin-offs