Discovery Communications' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Discovery Communications (DISCA)

Q1 2012 Earnings Call

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.

Craig Felenstein

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

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.

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