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

May 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2011-05-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-17	Series A Common Stock	A	1312	$0.00	Acquired	311641	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-17	Director Stock Option (right to acquire)	$43.84	A	3934	Acquired	2018-05-17	Series A Common Stock (3934)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Common Stock	268337	Indirect

Footnotes

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