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
Ascent Capital Group, Inc. is a public holding company whose primary subsidiary is Monitronics. Ascent Media was a wholly owned subsidiary of the Discovery Holding Company (DHC). DHC spun off Ascent Media as an independent, public company on S ...
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 of Discovery Holding included:
John C. Malone
John Carl Malone (born March 7, 1941) is an American billionaire businessman, landowner and philanthropist. He was chief executive officer (CEO) of Tele-Communications Inc. (TCI), a cable and media giant, for twenty-four years from 1973 to 1996. ...
and
Robert R. Bennett. Former CEO
John C. Malone
John Carl Malone (born March 7, 1941) is an American billionaire businessman, landowner and philanthropist. He was chief executive officer (CEO) of Tele-Communications Inc. (TCI), a cable and media giant, for twenty-four years from 1973 to 1996. ...
is also the chairman of
Liberty Media Corporation
Liberty Media Corporation (commonly referred to as Liberty Media or just Liberty) is an American mass media company controlled by chairman John C. Malone. The company has three divisions, reflecting the company's ownership stakes in Formula On ...
from which Discovery Holding Company was spun off in 2005.
Financials
Source:
SEC filings
The SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC). Public companies, certain insiders, and broker-dealers are required to make regular SEC filings. Investors and fin ...
* 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
Ascent Capital Group, Inc. is a public holding company whose primary subsidiary is Monitronics. Ascent Media was a wholly owned subsidiary of the Discovery Holding Company (DHC). DHC spun off Ascent Media as an independent, public company on S ...
*66-2/3% of Discovery Communications, LLC
Spin-off and restructuring
On December 13, 2007, Discovery Holdings announced a restructuring plan. The company planned to spin off its interest in Ascent Media, and combine Discovery Communications with Advance/Newhouse Communications into a new holding compan
The reorganization was completed on September 17, 2008.
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.
Yahoo! - Discovery Holding Inc. Company Profile
{{Warner Bros. Discovery
Discovery, Inc.
Companies based in Meridian, Colorado
Companies based in Colorado
2005 establishments in Colorado
2008 disestablishments in Colorado