Discovery's Simpler Form

Farrell, Mike
December 2007
Multichannel News;12/17/2007, Vol. 28 Issue 50, p3
The article reports that Discovery Holding Co. (DHC) has signed a non-binding letter of intent with Advance/Newhouse Communications that will consolidate their stakes in Discovery Communications Inc. (DCI). DHC holds a 66.7-percent interest in DCI while Advance holds the rest. DHC will be combined with a new publicly traded entity tentatively called NewCo. to which Advance will contribute its DCI stake in exchange for stock in NewCo.


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