Discovery's Q4 profit takes hit from taxes, stock compensation

02/14/2013 | Wall Street Journal, The · Adweek

Discovery Communications in Q4 saw its net income drop by one-third to $224 million because of increases in taxes and stock-based compensation for employees. Operating income was up 14% to $481 million. Discovery's U.S. TV networks tallied a 4% rise in revenue to $703 million, with growth coming from higher ad rates and subscription fees.

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Wall Street Journal, The · Adweek

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