Prepared By R.R. Donnelley Financial -- Form 8-K
Washington, D.C. 20549
Form 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  08/03/2010
Discovery Communications, Inc.
(Exact name of registrant as specified in its charter)
Commission File Number:  001-34177
(State or other jurisdiction of
(IRS Employer
Identification No.)
One Discovery Place
Silver Spring, Maryland 20910
(Address of principal executive offices, including zip code)
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.    Results of Operations and Financial Condition
On August 3, 2010, Discovery Communications, Inc. ("Discovery") released its earnings for the quarter ended June 30, 2010. A copy of Discovery's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 8.01.    Other Events
Discovery's Board of Directors has approved a stock repurchase program, pursuant to which Discovery is authorized to purchase up to $1 billion of its common stock. Discovery expects to fund repurchases through a combination of cash on hand, cash generated by operations, borrowings under its revolving credit facility and future financing transactions. Accordingly, Discovery's stock repurchase program is subject to the Company having available cash to fund repurchases. Under the program, management is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements, and subject to market conditions and other factors.
Item 9.01.    Financial Statements and Exhibits
99.1 Press Release dated August 3, 2010


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Discovery Communications, Inc.
Date: August 03, 2010
/s/    Bradley E. Singer

Bradley E. Singer
Senior Executive Vice President, Chief Financial Officer and Treasurer


Exhibit No.


Press Release dated August 3, 2010