Discovery Sees Q3 Profit Rise Despite Slump in Ad Revenue
- November 5, 2020
- Brian Steinberg
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Discovery said third-quarter profit increased despite a slump in ad revenue at both its U.S. and international operations, as the company enjoyed a tax benefit and relied on cost-cutting maneuvers to navigate through conditions caused by the coronavirus pandemic. The owner of the TLC, Food Network, HGTV and Discovery cable outlets said revenue fell 4% […]
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