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Discovery up again after conference talks, Verizon deal

Published 01/11/2018, 04:54 PM
© Reuters.  Discovery up again after conference talks, Verizon deal
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  • Discovery Communications (DISCA) rose for the second day in a row, up 5.2% today, buoyed by strong comments at industry conferences.
  • In CEO David Zaslav's presentation at the Citigroup (NYSE:C) conference, he noted closing on extension of an affiliate deal with Verizon (NYSE:VZ) that was "quite favorable for us."
  • Meanwhile during a CES keynote, Zaslav pointed to the value of season passes for streaming individual sports vs. an aggregation of many sports.
  • "We don't need to own everything," he said, pointing to a bet that there are lots of fans who'd pay to have all access to certain sports via OTT video.
  • #CES18
  • Now read: Verizon: Rating Update


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