You've no doubt noticed that each day, the stock exchanges are set into motion by the clanging of a bell, rung by the leaders of a company that is in the news for one reason or another.
Thursday, amid the fallout from Mr. Market's chaos during the first part of the week, the Nasdaq bell-ringers were newly public Discovery Communications'
Discovery goes back to 1985, when it was launched with 156,000 U.S. subscribers. It now services 1.5 billion folks in 170 countries around the planet. The company became a public entity through an agreement between its former shareholders, Discovery Holding Company and Advance/Newhouse Communications. As a newly public company, 74% of its voting power will be maintained by Discovery Holding investors, and the remaining 26% will be controlled by Advance/Newhouse.
Further, of the Discovery Holding portion, 23% will be under the control of the now-legendary media mogul John Malone, who is the company's chairman as well as the chairman of Liberty Media
But what's this mean for Foolish investors who might be willing to ante up a few shekels for brand-spanking-new Discovery public shares? In response, I'm going to crawl out on a limb and point out that, with cable and broadband plants generally in place, content to run through their pipes has become progressively more dear (or perhaps "wanting" is a more appropriate adjective). It was clearly for that reason that Brian Roberts and his team at Comcast
It therefore wouldn't surprise me in the slightest if a company like Comcast -- or perhaps Verizon
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Fool contributor David Lee Smith doesn't own shares in any of the companies mentioned above. He does, however, welcome your questions or comments. Walt Disney is a Motley Fool Stock Advisor recommendation. Try any of our Foolish newsletters today, free for 30 days. The Fool's disclosure policy has long been public.