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entertainment

Discovery Reports Lower Profit as Cable TV Declines

By
Martin Peers
· · Source: The Information

Growth at TV firm Discovery Inc’s new streaming service appeared to slow sharply in the past two months, as it added just three million million global subscribers since the end of February compared with seven million in the first two months of the year. Discovery said it ended the first quarter with 13 million global “direct to consumer” subscribers, the industry term for streaming customers...

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