December 3, 2018 / 3:52 PM / 9 days ago

BUZZ-Discovery: Shares fall after CEO sees drop in ad revenue

** Shares of the owner of Discovery Channel and Animal Planet down ~7 pct, top pct loser on the S&P 500 index

** Advertising revenue will be slightly down due to lower ratings - CEO David Zaslav

** CEO also says newly acquired Scripps’ content received mixed results in Europe

** 14 of 28 brokerages rate the stock “buy” or higher, 12 “hold” and 2 “sell” or lower; median PT is $37

** DISCA cuts YTD gains to ~28 pct, but still on track for the best annual gain since 2013 (Reporting by Sayanti Chakraborty)

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