In another sign that cable advertising is holding up better than broadcast advertising, fourth-quarter revenues at Discovery (NSDQ: DISAB) Networks were flat versus the same period 2007, at $904 million, while ad revenues were up 6 percent. The results were boosted by growth at the U.S. networks, but weighed down by declines from its international networks.
Operating income before depreciation and amortization (or OIBDA), at $362 million, was largely flat versus 2007 when a one-time content impairment charge is taken into account. EPS was $0.25. The company