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Discovery Reassesses The Hub

Discovery Communications said in a Securities and Exchange Commission filing Monday that moves to amend its agreement with toymaker Hasbro regarding the fees it pays for animated programming, could lead to a goodwill writedown for its newest kid's network, The Hub.

Discovery launched the Hub, formerly Discovery Kids, in 60 million homes last October. Hasbro paid $300 million for a 50% interest in the network in 2009.

In a filing regarding a $500 million debt offering, Discovery said that it amended its agreement with Hasbro in May, which caused The Hub to revise the license fees it pays for animated programming.

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