Discovery Comm Q3 net income falls to $95 m

Discovery said decline in net income is primarily due to $91 million expense, change in the value of the mark-to- market share-based compensation, which was helpful for the company in the year-ago period.

Total revenues increased to $854 million in the quarter ended September 30, 2009 from $845 million in the same quarter last fiscal.

Discovery which owns Discovery channel said total revenue increased during the quarter as 5 per cent growth at the US Networks was partially offset by a 2 per cent decline at International Networks.

In terms of geographical revenue, the company's revenue from US Networks increased by 5 per cent to $522 million on quarter on quarter basis, primarily driven by distribution and advertising revenue growth.

While, International Networks'revenues for third quarter decreased 2 per cent to $293 million due to $22 million unfavourable impact from foreign currency fluctuations.

For the full year ended December 31, 2009, Discovery expects total revenue in the range of $3.45 billion to $3.50 billion.

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