Discovery Holding Company
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.
 | |
| Type | Holding Company |
|---|---|
| Industry | Broadcasting & Cable TV |
| Fate | Merged operations with Discovery Communications, LLC and Advance/Newhouse Communications |
| Predecessor | Liberty Media |
| Successor | Discovery Communications, Inc. |
| Founded | 2005 |
| Defunct | September 18, 2008 |
| Headquarters | Principal executive offices located at Meridian, Colorado |
Key people | John C. Malone, CEO & Chairman; Robert R. Bennett, President and Director |
| Products | Holding Company focused on media |
| Revenue |  US$6,497 million[1] |
Number of employees | 3,800, essentially all with subsidiaries |
| Website | discoveryholding.com |
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 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
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. The company planned to spin off its interest in Ascent Media, and combine Discovery Communications with Advance/Newhouse Communications into a new holding company . The reorganization was completed on September 17, 2008.
References
- "Discovery Communications Reports Full Year and Fourth Quarter 2016 Results". Discovery Communications. February 14, 2017. Retrieved August 7, 2017.
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