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Discovery: Vice President, Investor Relations

The following excerpt is from the company's SEC filing.

Jackie_Burka@discovery.com

212-548-5642

DISCOVERY COMMUNICATIONS DETAILS PLANS FOR LONG-TERM GROWTH AT INVESTOR DAY

Worldwide Subscribers Expected to Reach 3 Billion by Year End

Company Updates Guidance for Full Year 2015; Sets Strong Three-Year Financial Outlook

Authenticated TV Everywhere Offering “Discovery Kids Play” to Launch in Latin America

Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) (“Discovery”) today hosted its first Investor Day in New York City. More than 300 attendees, including investors, financial anal ysts and industry journalists

joined global leaders from Discovery Communications’ management team who discussed their strategies to drive growth and create shareholder value.

“Discovery Communications is like no other media company in the world, with an average of 10 channels across more than 220 markets and we are well positioned for near- and long-term growth,” said David Zaslav, president and CEO, Discovery Communications. “The company stands out in the marketplace due to

our efficient global content model; unrivaled international infrastructure run by local teams; and a strong growth position in the U.S. We are confident in the long-term outlook for our business and foresee continued growth in the years ahead

which we expect will produce significant free cash flow and value for shareholders.”

In addition to Zaslav, the event featured presentations and comments from: Andrew Warren, Chief Financial Officer; Jean-Briac (JB) Perrette, President, Discovery Networks International; Bruce Campbell, Chief Development, Distribution & Legal Officer; Peter Hutton, CEO, Eurosport; Rich Ross, Group President, Discovery Channel, Animal Planet & Science Channel; Henry Schleiff, Group President, Investigation Discovery, American Heroes Channel and Destination America; Bob Scanlon, General Manager of Velocity and Automotive Content; Fernando Medin, General Manager, Brazil and Southern Cone; Marinella Soldi, Managing Director, Southern Europe; David Leavy, Chief Communications Officer; and Jackie Burka, Vice President, Investor Relations.

The event also was highlighted by comments from Oprah Winfrey discussing the creative and financial success of OWN: Oprah Winfrey Network, operated in partnership with Discovery.

A Differentiated Model to Create Value

highlighted five key differentiators for Discovery’s growth potential: the company’s unique portfolio of assets; ownership/control of a growing and diverse portfolio of content and IP that uniquely positions Discovery for the changing media landscape; a leading international distribution platform that will continue to benefit from positive global trends; a cost-flexible, stable U.S. business that yields continued free cash flow growth; and a strong financial outlook, highlighted by, for the first time, three-year guidance metrics. He also revealed that the company would reach 3 billion cumulative worldwide subscribers by the end of the year.

gave an overview of Discovery’s global digital portfolio and platform opportunities, highlighted by its strong direct-to-consumer products in Europe including Eurosport Player, the #1 sports OTT service across Europe, and DPlay, featuring diverse entertainment content and live events. He also announced the upcoming launch of an authenticated TV Everywhere offering for Discovery Kids in Latin America, called Discovery Kids Play.

Leading International Distribution Platform

focused on Discovery Networks International’s three-part strategy: grow audience and share; own and control must-have IP; and create and expand powerful and loved brands. Perrette described how Discovery’s unique global and local infrastructure with a low-cost model that leverages content around the world will support the division’s continued strong growth, including continued meaningful increases in pay-TV global subscribers and earning more for multichannel advertising.

Sports and Olympics to Propel Growth

Hutton

described the company's strategy to grow the Eurosport brand; expand the audience and reach of Eurosport; and plans to leverage sports to meaningfully drive revenue across the entire portfolio. Eurosport's leadership position on air, online and over the top is unrivaled, giving Discovery a unique advantage and opportunity to drive growth. Hutton explained the significant differences in European sports rights versus the U.S. and how Eurosport is not dependent on any single franchise and has locked in long-term rights at low...


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