Discovery inc says withdrawing its fiscal 2020 outlook

Discovery inc - expects that postponement of olympic games will shift olympic-related revenues and expenses from fiscal 2020 to fiscal 2021.discovery inc - withdrawing its fiscal 2020 outlook.discovery inc - has experienced an increase in ratings and delivery across many television viewing markets as many people are self-isolating at home.discovery inc - on march 12, 2020, company drew down $500 million under credit facility.discovery inc - is evaluating impact of improved ratings and delivery on its performance.discovery - pursue number of cost savings initiatives that it hopes will offset a portion of revenue losses due to impact of covid-19.discovery inc - on march 12, 2020, company drew down $500 million under credit facility.discovery inc - expects that postponement of olympic games will shift olympic-related revenues and expenses from fiscal 2020 to fiscal 2021.
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