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YEAR IN REVIEW
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FINANCIAL HIGHLIGHTS
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YEAR IN REVIEW
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BOARD OF DIRECTORS
“THIS PAST YEAR, IN THE FACE OF THE MOST CHALLENGING ECONOMIC ENVIRONMENT IN A GENERATION, DISCOVERY WAS ABLE TO INCREASE TOP-LINE REVENUE AND DILIGENTLY CUT COSTS, LEADING TO DOUBLE-DIGIT ADJUSTED OIBDA AND FREE CASH FLOW GROWTH.” 48%
42% ‘09 Revenues increased 42% $3.52 billion
‘10 Revenues increased 48% $3.72 billion
LETTER FROM THE CHAIRMAN THE FOUNDER AND CHAIRMAN OF DISOCVERY COMMUNICATIONS, HENDRICKS CREATED DISCOVERY CHANNEL IN 1985 AS THE FIRST CABLE NETWORK IN THE UNITED STATES DESIGNED TO PROVIDE HIGH-QUALITY DOCUMENTARY.
YEARS OF BEING SURPRISINGLY HUMAN
Dear Shareholders, Quisque justo odio, faucibus eget semper vel, lobortis eget sem. Aliquam malesuada consequat ullamcorper. Duis sed mauris lectus. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Quisque justo odio, faucibus eget semper vel, lobortis eget sem. Aliquam malesuada consequat ullamcorper. Duis sed mauris lectus. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae Pellentesque est massa, consequat quis pharetra quis, tincidunt eget leo. Nam eu feugiat mi. Mauris luctus adipiscing est, ut suscipit libero malesuada vel. Vivamus sed lorem a lacus blandit lacinia. Nunc nec felis sit amet lectus tempus blandit nec ut metus. Sed vel fringilla velit. In quis est ut nibh condimentum lobortis vitae in metus. Nulla faucibus, tellus sit amet porta porttitor, nunc massa vestibulum quam, sed dapibus nunc lectus ut augue. Praesent a bibendum sapien. Sed metus erat, sollicitudin vitae ullamcorper et, commodo nec elit. Fusce scelerisque urna at metus pharetra adipiscing volutpat massa lobortis. Education over view
Quisque justo odio, faucibus eget semper vel, lobortis eget sem. Aliquam malesuada consequat ullamcorper. Duis sed mauris lectus. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Quisque justo odio, faucibus eget semper vel, lobortis eget sem. Aliquam malesuada consequat ullamcorper. Duis sed mauris lectus. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae Pellentesque est massa, consequat quis pharetra quis, tincidunt eget leo. Nam eu feugiat mi. Mauris luctus adipiscing est, ut suscipit libero malesuada vel. Vivamus sed lorem a lacus blandit lacinia. Nunc nec felis sit amet lectus tempus blandit nec ut metus. Sed vel fringilla velit. In quis est ut nibh condimentum lobortis vitae in metus. Nulla per et, commodo nec elit. Fusce scelerisque urna at metus pharetra adipiscing volutpat
THE PEOPLE For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
MILLION VEIWERS
03
FILM PRODUCER
REAL STORIES
GRAPHICS EDITOR
BILLION CUMALATIVE SUBSCRIBERS
PROJECT MANAGER
WRITERS
RESEARCHER
COMBINATION OF TALENTS Discovery Channel jobs, people chosen are the best and brightest talentwho are passionate and enthusiastic to accomplish the company’s goal of strengthening people to discover their own world and fulfill their interest. For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
05
THE people chosen are the best and brightest talent who are passionate and enthusiastic to accomplish the company’s goal of strengthening people to discover their own world and fulfill their interest.
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth
05
THE PEOPLE: BOARD OF DIRECTORS
IT’S OUR CALLING “Discover Your Impact Day, June 17 Discovery employees around the globe step-away from their desks to volunteer at organizations giving back to land, water and people!.� For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
THE BOARD For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks.
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks.
$3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
$3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
$3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
$3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
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For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks.
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks.
$3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
$3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
$3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
$3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
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SHARK WEEK “THE FOUNDER AND CHAIRMAN OF DISCOVERY COMMUNICATIONS, THE NUMBER ONE NONFICTION MEDIA COMPANY. HENDRICKS CREATED DISCOVERY CHANNEL IN 1985.” INCREASE IN EDUCATION
2011 2010
POUNDS
REVIEW OF OPERATIONS
NUMBERS THAT BITE “30.8 MILLION UNIQUE PEOPLE CAUGHT AT LEAST 6 MINUTES OF SHARK WEEK PROGRAMMING LAST WEEK, TOPPING, “ONE OF NATURE’S MOST AMAZING EVENTS…” For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel. and 12% growth at International Networks. $3,443 million increased 22% or $302 million over the as adjusted revenues for 2010 primarily driven by 10% growth at U.S. Networks and 12% growth at International Networks.
38.1 million
2009 - 27.1 million
2008 - 29.1 million
2007 - 28.1 million 1006 - 26.1 million
GLOBAL
AMERICA For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel.
UNITED KINGDOM For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel.
SOUTH AMERICA For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel.
AFRICA For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel.
AMERICA For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel.
AUSTRALIA For one circle it is the statstic of shark week, for another it is the statistic of dirty jobs, and another for a separate channel and another for maybe an event that was covered by the discovery channel.
WORLDWIDE NETWORKS
THOUSAND
42
LANGUAGES
180
COUNTRIES