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Slide #49. Discovery Communications — SBS Nordic Operations of ProSiebenSat.1 Group
Discovery Communications (NASDAQ:DISCA)
SBS Nordic Operations of ProSiebenSat.1 Group
Discovery Communications today announced that it has completed the acquisition of the SBS Nordic operations of ProSiebenSat.1 Group, originally announced in December 2012. The acquisition adds 12 television networks, as well as leading radio stations and several digital brands, to Discovery's existing portfolio of eight brands in Norway, Sweden, Denmark and Finland, to form a combined regional business to be known as SBS Discovery Media.
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.
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