August 2006
Multichannel News;8/21/2006, Vol. 27 Issue 33, p40
The article focuses on the research made by Merrill Lynch & Co. media analyst Jessica Reif Cohen on Discovery Holding Co. (DHC) stock. According to Reif Cohen, in a research report, the ratings appear to be stabilizing for DCI flagship cable outlets Discovery Channel and TLC. The advertising revenue in the quarter was up 3% to $326 million. However, Ascent Media Group's cash flow dipped 44% to $10 million and revenue was down 7% in the period. She revised her year-end estimates for DHC, trimming revenue estimates at Ascent by $47 million and upping revenue estimates at Discovery by $36 million.


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