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

Mar 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2011-03-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-09	Series A Common Stock	S	18041	$41.25	Disposed	176061	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Common Stock	310329	Direct
Series A Common Stock	268337	Indirect
Series A Common Stock	632865	Indirect

Footnotes

F1: The Reporting Person is the sole trustee of, and with his spouse, retains a unitrust interest in the trust.

F2: The Reporting Person disclaims beneficial ownership of the shares owned by his spouse.