Discovery Inc. (NASDAQ:DISCA), whose content is available in 220 countries and 50 languages, is a platform innovator, reaching viewers on all screens and services, from linear, free-to-air and pay-TV channels to digital products and streaming services, to social and mobile-first content and formats.
The market has been so focused on the adverse impacts of the cord-cutting tendency and discovery's lack of a streaming platform that it is severely undervaluing the firm's library of 300,000 hours of content. Discovery's act of funding the Scripps acquisition by using 70% debt further upsets investors for fears