Warner Bros. Discovery, Inc. — Director's Dealing 2011

Feb 14, 2011

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2010-12-31

Reporting Person: MALONE JOHN C (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-28	Series C Common Stock	G	90000	—	Disposed	4376242	Direct
2010-11-19	Series C Common Stock	G	406750	—	Disposed	3969492	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series C Common Stock	438808	Indirect
Series C Common Stock	553174	Indirect
Series C Common Stock	165	Indirect

Footnotes

F1: The Reporting Person disclaims beneficial ownership of the shares owned by his spouse.

F2: The Reporting Person is the sole trustee of, and with his spouse, retains a unitrust interest in the trust.