Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

Discovery Deal Paves Way for Firm to Go Public

What You Should Have Read, June 5, 2008

Published on .

Discovery Deal Paves Way for Firm to Go Public

The Washington Post reports that Discovery Communications can now proceed with its plan to become a publicly traded company, following an agreement yesterday by its parent company and a major stakeholder. Discovery's parent, Discovery Holding, is controlled by billionaire John C. Malone, chairman of Liberty Media. The other major shareholder is Advance/Newhouse Communications, owner of the New Yorker and other magazines. The announcement came the same day that Discovery launched its Planet Green multimedia effort, the first new channel launched under chief executive David Zaslav, who took over Discovery in January 2007.
Most Popular
In this article: