Discovery Communications (NASDAQ: DISCA) stock prices moved a few cents during intraday trading on Tuesday, ranging from $25.23-$27.75 for each respective stock class. The activity may be due to the news of Discovery Communications making significant changes to help with investor relations for the company. Their press released announced a new role, Executive Vice President to be exact, as well as appointing Andrew Slabin, formerly a co-portfolio manager for Toms Capital, a Canadian base, entrepreneur equity investment firm, to the new position.
Salbin brings with him, 20 years’ experience in portfolio management specifically in internet investments, entertainment and media. The Chief Financial Officer of Discovery Communications, Gunnar Wiendenfels stated: “As Discovery focuses increasingly on growing its direct-to-consumer and digital businesses and investing in new growth areas and revenue streams, the role of our investor relations team is more important than ever… Andrew's deep understanding of media and technology and strong relationships in the investor community will enhance our position among global investors and help us articulate our ambition to reach viewers on every screen and service around the world."
Jackie Burka, formally the Vice president of investor relations was also appointed to Senior Vice President of investor relations. Wiendenfels adds, “Jackie has done a fantastic job leading Discovery's investor relations activities and communicating our global growth story to investors. Under the leadership of Andrew and Jackie, our enhanced investor relations team will be optimally positioned for the future”
Q2 earnings will be reported on August 8, 2017 and following that, Q3 earnings will be interesting to review, due to the recent changes in investor relations.