Why Discovery Stock Gained 13% in April [The Motley Fool]
Discovery, Inc. - Series C (DISCK)
Last discovery, inc. - series c earnings: 8/6 07:00 am
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Source: The Motley Fool
Why Discovery Stock Gained 13% in April The TV network found a new way to monetize its content. TV network Discovery ( NASDAQ:DISCK ) ( NASDAQ:DISCA ) ( NASDAQ:DISCB ) outperformed the market last month, as the stock gained 13% compared to a 4% jump in the S&P 500 , according to data provided by S&P Global Market Intelligence . The increase put shareholders' returns ahead of the market so far in 2019, although the stock remains well below the all-time highs set in 2014. April's rally came after investors cheered news that Discovery is finding better ways to monetize its huge portfolio of TV content. To that end, the company announced last month that shows from many of its most popular brands -- including Discovery, HGTV, and Food Network -- will join YouTube TV's paid service . That offering gives Discovery another outlet to consumers that should help it offset a steady decline in broadcast TV ratings. Discovery executives said in early May that they were encouraged by the initial
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