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Article: The Daily Record News Briefs: May 5, 2009
- Article from:
- The Daily Record (Baltimore)
- Article date:
- May 5, 2009
CopyrightCopyright 2009 The Daily Record (Baltimore). Provided by ProQuest LLC. (Hide copyright information)
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Profit soars at Discovery
Discovery Communications Inc., of Silver Spring, a media and
entertainment company, reported first-quarter profit more than
tripled on improved distribution and advertising revenue at its
networks. The company reported net income of $119 million, or 28
cents per share, compared with $34 million, or 12 cents per share, a
year ago. Revenue grew 1 percent to $817 million on a 5 percent
growth at U.S. networks. Analysts polled by Thomson Reuters on
average expected a more modest profit of 24 cents a share on revenue
of $799.2 million.
Monk to ascend at GBC
Attorney Charles O. Monk II, managing partner of Saul Ewing LLP's
Baltimore office, is to be installed as the new ...