Discovery Holding Company
was a U.S.
company headquartered in Meridian, Colorado
. The postal designation of nearby Englewood
was commonly listed as the company's location in corporate filings and news accounts.
The company used to hold a 66-2/3% ownership stake in Discovery Communications, LLC
, and operated Ascent Media
and AccentHealth, LLC. On September 17, 2008, Discovery Holdings divested its interest in Ascent Media, and reorganized its remaining businesses around a new publicly traded holding company, Discovery Communications, Inc.
Members of the board of directors
of Discovery Holding included: John C. Malone
and Robert R. Bennett
. Former CEO John C. Malone
is also the chairman of Liberty Media Corporation
from which Discovery Holding Company was spun off in 2005
Source: SEC filings
- Cash and cash equivalents at March 31, 2007: $150M USD
- Total shareholders’ equity at March 31, 2007: $4,570M USD
- Revenue for 2006: $688M USD
- Net earnings for 2006: -$28M USD
Discovery Holding owned the following subsidiary companies until the corporate restructuring completed on September 17, 2008.
Spin-off and restructuring
On December 13, 2007, Discovery Holdings announced a restructuring plan. The company planned to spin off its interest in Ascent Media, and combine Discovery Communications with Advance/Newhouse Communications into a new holding company . The... Read More