The Online Investor
DISCA Buyback image

Discovery Communications Buyback

OLI recorded this information on 2/13/2014

Company: Discovery Communications
Buyback: DISCA buyback
Shares Announced Repurchased: 4,300,000
$Amount Authorized: $1,500,000,000
Buyback Details: During the quarter, the Company, pursuant to its existing stock repurchase program, repurchased 4.3 million shares of its Series C common stock for an aggregate purchase price of $336 million at an average price of$78.02 per share. For the full year 2013 the Company repurchased a total of 18.08 million shares of stock for an aggregate purchase price of approximately $1,305 million, including 13.29 million shares of its Series C common stock at an average price of $74.23 per share under the Company's stock repurchase plan, 0.79 million shares of its Series A common stock at an average price of $79.11 per share under the Company's stock repurchase plan and 4.00 million shares of Series C convertible preferred stock purchased from Advance Programming Holdings, LLC at $64.10 per share outside of the Company's stock repurchase plan. The Company has repurchased 70.19 million shares of Series C common stock and 2.77 million shares of its Series A common stock under its stock repurchase program to date at an aggregate purchase price of approximately $3.5 billion. In aggregate, including the 17.73 million preferred shares acquired from Advance/Newhouse Programming Partnership and from Advance Programming Holdings, LLC, the Company has repurchased 21% of its outstanding shares since buyback activity was authorized in 2010. The Company's Board of Directors has approved a $1.5 billion increase to the existing stock repurchase program, taking the total authorization to $5.5 billion. Under the stock repurchase program, management is authorized to purchase shares from time to time through open market purchases at prevailing prices or privately negotiated purchases subject to market conditions and other factors.

Discovery, through its subsidiaries, is a media company that provides content across distribution platforms, including pay-television, free-to-air and broadcast television, and direct-to-consumer subscription products. Co.'s portfolio of networks includes nonfiction television brands such as Discovery Channel, HGTV, Food Network, TLC, Animal Planet, Science Channel, and MotorTrend . Co.'s portfolio includes Eurosport, a sports entertainment provider. Co. classifies its operations in two segments: U.S. Networks, consisting of domestic television networks and digital content services, and International Networks, consisting of international television networks and digital content services.

Discovery Communications SEC Filing Email Alerts Service

Open the DISCA Page at The Online Investor »

Company Name: 
Discovery Inc
Stock buyback: 
DISCA buyback
Website: 
www.discoverycommunications.com
Sector: 
Television & Radio
Number of ETFs Holding DISCA: 
83
Total Market Value Held by ETFs: 
$1.57B
Total Market Capitalization: 
$10.17B
% of Market Cap. Held by ETFs: 
15.45%
 

Open the DISCA Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Hold (2.25 out of 4)
3rd percentile
(ranked lower than approx. 97% of all stocks covered)

Analysts' Target Price:
DISCA Stock Forecast

Based on Zacks ABR data;
powered by Xignite

DISCA Buyback Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.