Discovery Communications Inc. said its net income for the third quarter fell 29 percent as an increase in operating costs offset a slight uptick in revenue for the owner of cable networks.
Discovery, which owns the Discovery Channel, Animal Planet and TLC, reported net income of $95 million in the quarter compared with $134 million in the same quarter a year ago. Earnings per share came to 22 cents, down from 44 cents.
Read more by the Associated Press.
