Edition:
India

Discovery Communications Posts Q4 Loss Of $1.99 Per Share


Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Discovery Communications Inc ::DISCOVERY COMMUNICATIONS REPORTS FULL YEAR AND FOURTH QUARTER 2017 RESULTS.Q4 REVENUE ROSE 11 PERCENT TO $1.864 BILLION.Q4 LOSS PER SHARE $1.99.QTRLY ADJUSTED EPS $0.47‍​.DISCOVERY COMMUNICATIONS - FOLLOWING PENDING ACQUISITION OF SCRIPPS, CO SUSPENDED SHARE REPURCHASE PROGRAM, DID NOT MAKE PURCHASES OF SHARES IN Q4.EXPECT SCRIPPS NETWORKS DEAL TO CLOSE BY END OF Q1 OF 2018.DISCOVERY COMMUNICATIONS - PLANNED SALE OF CONTROLLING EQUITY STAKE IN ITS EDUCATION BUSINESS IN 1H 2018 TO FRANCISCO PARTNERS FOR CASH OF $120 MILLION.Q4 EARNINGS PER SHARE VIEW $0.41, REVENUE VIEW $1.79 BILLION -- THOMSON REUTERS I/B/E/S.DISCOVERY COMMUNICATIONS - CO WILL RETAIN EQUITY INTEREST AND LICENSE DISCOVERY EDUCATION BRAND TO FRANCISCO PARTNERS.DISCOVERY COMMUNICATIONS-INCURRED NON-CASH $1.32 BILLION AFTER-TAX GOODWILL IMPAIRMENT CHARGE,$201 MILLION AFTER-TAX SCRIPPS NETWORKS DEAL-RELATED COSTS IN 2017‍​.