
Discovery posts stronger than expected profits as ad sales recover
NY Post
Discovery, owner of channels like The Food Network, TLC and Animal Planet, beat Wall Street’s second-quarter expectations, due in part to the rebound in advertising sales following last year’s economic fallout from the pandemic.
Nonetheless, shares of Discovery fell over 5 percent in midday trading, as the company reported lower TV ratings and meager growth in streaming. “TV ratings are collapsing,” Lightshed Partners analyst Rich Greenfield said on CNBC Tuesday. “Advertising revenues are lower in 2021 than in 2019”More Related News

Imagine if Allied intelligence had located Adolf Hitler in late May 1944 and killed him before the Normandy invasion. Imagine that in the same hour, strikes eliminated Hitler’s designated successor, the head of the German Armed Forces High Command, the chief operational planner of the war effort, Field Marshal Erwin Rommel, responsible for defending Western Europe, and the rest of Germany’s field marshals and senior commanders.












