Filed by Discovery Holding Company
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Corporation: Discovery Communications, Inc.
Commission File No.: 333-151586
Subject Corporation: Discovery Holding Company
Commission File No.: 000-51205
Internal Communications with Employees:
||Monday, June 23, 2008 12:46 PM
||Bill Fitzgerald; Jose Royo; William Niles; George Platisa; Mark_Hollinger@discovery.com;
||Creative Sound Services Update
I wanted to take a moment to briefly update you regarding the status of the upcoming transaction
that involves our Creative Sound Services group. Things have taken a bit longer than initially
anticipated, however significant progress has been made since my last correspondence.
As I communicated to you in February, Discovery Holding Company (DHC) and Advance/Newhouse
Communications have announced a transaction that will result in the creation of a new public
company that will own both Discovery Communications and the companies that make up our Creative
Sound Services group, including Soundelux, Todd-AO, Sound One, POP Sound, Modern Music, DMG and The
Earlier this month, DHC and Advance/Newhouse took the next step in this process with the signing of
a definitive agreement regarding this transaction and, just recently, filed the necessary paperwork
with the Securities and Exchange Commission (SEC) to move the transaction forward. Pending SEC
review and DHC shareholder approval, we expect the transaction will be completed in third quarter
of this year.
As I mentioned previously, I believe this is a positive development for Creative Sound Services,
and my more recent conversations with Mark Hollinger, Discoverys Chief Operating Officer, and John
Honeycutt, Discoverys Chief Media Technology Officer have only reinforced this belief. Discovery
is a dynamic, growing media company with an international footprint in more than 170 countries, a
dedication to quality and creativity in all of its businesses, and a genuine commitment to being a
great company for employees and customers.
Becoming a part of Discovery will not change our day-to-day business focus. We will continue to
provide the highest level of post-production sound services to our feature film, television,
commercial and interactive media clients, now as part of the Discovery family.
Over the coming weeks, we will begin communicating more information about becoming part of
Discovery. We will be holding a series of meetings to address your questions and there will be
opportunities to meet Discoverys leadership. Coordinated through my office, representatives from
Discoverys transition team may be interfacing with our internal managers in order to answer
specific questions pertaining to fulfillment of a smooth transition. We will also be rolling out a
formal plan for communicating our new ownership structure externally to our clients, as
I appreciate your patience and assistance as we transition to this new ownership structure. Please
feel free to contact me with any questions.
This e-mail, and any attachment, is intended only for the person or entity to which it is
addressed and may contain confidential and/or privileged material. Any review, re-transmission,
copying, dissemination or other use of this information by persons or entities other than the
intended recipient is prohibited. If you received this in error, please contact the sender and
delete the material from any computer. The contents of this message may contain personal views
which are not the views of Discovery Communications, LLC.
Nothing in this communication shall constitute a solicitation to buy or an offer to sell shares of
Discovery Communications, Inc., the new public company referenced above. The offer and sale of such
shares in the transaction will only be made pursuant to an effective registration statement.
Discovery Communications, Inc. is filing a Registration Statement on Form S-4 containing a
preliminary proxy statement/prospectus related to the proposed transaction between DHC and
Advance/Newhouse. This preliminary proxy statement/prospectus has already been filed with the SEC
by DHC. DHC STOCKHOLDERS AND OTHER INVESTORS ARE URGED TO READ THESE DOCUMENTS (INCLUDING ANY
AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS WHEN AVAILABLE) BECAUSE THEY CONTAIN IMPORTANT
INFORMATION ABOUT THE TRANSACTION. Investors may obtain these documents free of charge at the SECs
website at www.sec.gov. Copies of the proxy statement/prospectus and the filings with the SEC that
will be incorporated by reference in the proxy statement/prospectus can also be obtained, without
charge, by directing a request to Discovery Holding Company, 12300 Liberty Boulevard, Englewood,
Colorado 80112, Attention: Investor Relations, Telephone: (720) 875-5408.