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May 08, 2012 8:30 am ET
Craig Felenstein -
David M. Zaslav - Chief Executive Officer, President, Director and Member of Executive Committee
Andrew C. Warren - Chief Financial Officer and Senior Executive Vice President
Benjamin Swinburne - Morgan Stanley, Research Division
Douglas D. Mitchelson - Deutsche Bank AG, Research Division
Jessica Reif Cohen - BofA Merrill Lynch, Research Division
Michael Nathanson - Nomura Securities Co. Ltd., Research Division
David Bank - RBC Capital Markets, LLC, Research Division
John Janedis - UBS Investment Bank, Research Division
Spencer Wang - Crédit Suisse AG, Research Division
Anthony J. DiClemente - Barclays Capital, Research Division
Alexia S. Quadrani - JP Morgan Chase & Co, Research Division
Richard Greenfield - BTIG, LLC, Research Division
Good day, ladies and gentlemen, and welcome to the Q1 2012 Discovery Communications, Inc. Earnings Conference Call. My name is Corita, and I'll be your operator for today. [Operator Instructions] As a reminder, this call is being recorded for replay purposes. I would like to turn the call over to Mr. Craig Felenstein, Senior Vice President of Investor Relations. Please go ahead.
Thank you. Good morning, everyone, and welcome to Discovery Communications First Quarter 2012 Earnings Call. Joining me today is David Zaslav, our President and Chief Executive Officer; and Andy Warren, our Chief Financial Officer.
Hopefully, you have all received our earnings release, but if not, feel free to access it on our website at www.discoverycommunications.com.
On today's call, we will begin with some opening comments from David and Andy, after which, we will open the call up to your questions. We urge you to please keep to one or 2 questions, so we can accommodate as many folks as possible.