Discovery profits jump in Q4.(NEWS & ANALYSIS)(Discovery Communications Inc.)(Financial report)(Brief article)

DISCOVERY COMMUNICATIONS REPORTED sharply higher earnings as advertising revenues showed a double-digit increase.

Net income was $336 million, or 86 cents a share, up 75% from $191 million, or 45 cents a share, a year ago. Revenues rose 11% to $1.1 billion.

CEO David Zaslav attributed the results to the company's ability "to take additional share of a strong global advertising market, build new brands and create additional growth drivers across our portfolio."

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