Discovery searching for answers amidst ratings plunge

Discovery searching for answers amidst ratings plunge
Discovery Communications’ shares plunged 8.2 percent on Monday after the company lowered its estimate for US ad revenue. The company blamed the missed revenue forecast on a quarter-to-date ratings decline of 23 percent in its flagship “Discovery Channel.” Chief Executive David Zaslav in announcing the revision at an investment conference, said Discovery now expects US...