Discovery Holding Company
Encyclopedia
Discovery Holding Company was a U.S.
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
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.
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.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
company headquartered in Meridian, Colorado
Meridian, Colorado
Meridian is a census-designated place in Douglas County, Colorado, United States. The population was 184 at the 2000 census.-Geography:Meridian is located at ....
. The postal designation of nearby Englewood
Englewood, Colorado
The city of Englewood is a Home Rule Municipality located in Arapahoe County, Colorado, United States. As of 2007, the city is estimated to have a total population of 32,532. Englewood is part of the Denver-Aurora Metropolitan Area. Englewood is located in the South Platte River Valley east of the...
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
Discovery Communications
Discovery Communications, Inc. is an American global media and entertainment company. The company started as a single channel in 1985, The Discovery Channel. Today, DCI has global operations offering 28 network entertainment brands on more than 100 channels in more than 180 countries in 39...
, and operated Ascent Media
Ascent Media
Ascent Media Corporation is a holding public company whose primary subsidiary is Ascent Media Group, LLC. Ascent Media Group is a Delaware limited liability company , which provides creative and technical services to the media and entertainment industries. Ascent Media was a wholly owned...
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 directorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of Discovery Holding included: John C. Malone
John C. Malone
John C. Malone is an American businessman and philanthropist. He served as chief executive officer of cable and media giant, Tele-Communications Inc. , for twenty-four years from 1973–1996. Malone is now chairman of Liberty Media and CEO of Discovery Holding Company. He was the interim CEO...
and Robert R. Bennett
Robert R. Bennett
Robert R. Bennett is an American businessman who was the president and director of the Discovery Holding Company from 2005 to 2008 and president and CEO of Liberty Media from 1997 to 2005.-Early life:...
. Former CEO John C. Malone
John C. Malone
John C. Malone is an American businessman and philanthropist. He served as chief executive officer of cable and media giant, Tele-Communications Inc. , for twenty-four years from 1973–1996. Malone is now chairman of Liberty Media and CEO of Discovery Holding Company. He was the interim CEO...
is also the chairman of Liberty Media Corporation from which Discovery Holding Company was spun off in 2005.
Financials
Source: SEC filings- Cash and cash equivalents at March 31, 2007: $150M USD http://www.sec.gov/Archives/edgar/data/1320482/000095013407010672/d46249e10vq.htm#000
- Total shareholders’ equity at March 31, 2007: $4,570M USD http://www.sec.gov/Archives/edgar/data/1320482/000095013407010672/d46249e10vq.htm#000
- Revenue for 2006: $688M USD http://www.sec.gov/Archives/edgar/data/1320482/000095013407004374/d43634e10vk.htm#304
- Net earnings for 2006: -$28M USD http://www.sec.gov/Archives/edgar/data/1320482/000095013407004374/d43634e10vk.htm#304
Holdings
Discovery Holding owned the following subsidiary companies until the corporate restructuring completed on September 17, 2008.- Ascent MediaAscent MediaAscent Media Corporation is a holding public company whose primary subsidiary is Ascent Media Group, LLC. Ascent Media Group is a Delaware limited liability company , which provides creative and technical services to the media and entertainment industries. Ascent Media was a wholly owned...
- 66-2/3% of Discovery Communications, LLC. http://www.sec.gov/Archives/edgar/data/1320482/000103570407000367/d46517exv99w1.htm
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 http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-21647779.htm. The reorganization was completed on September 17, 2008.External links
- http://biz.yahoo.com/e/080923/14371078-k.html - Form 8-K for Discovery Communications, Inc.: Completion of Acquisition or Disposition of Assets, Changes in Reg
- http://www.sec.gov/Archives/edgar/data/1320482/000104746905019465/a2153553zex-99_1.htm - SEC Information statement on Discovery Holding Company, Inc.
- Yahoo! - Discovery Holding Inc. Company Profile