Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ADVANCE LONG-TERM MANAGEMENT TRUST
  2. Issuer Name and Ticker or Trading Symbol
Discovery Communications, Inc. [DISC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
ONE NEWARK CENTER, 19TH FLOOR, C/O ROBINSON MILLER, LLC
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2017
(Street)

NEWARK, NJ 07102
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Convertible Participating Preferred Stock (1) 08/07/2017   D     70,673,242 (2) (8)   (1)   (1) Series A Common Stock 70,673,242 (2) 0 I See Footnote (6)
Series A Convertible Participating Preferred Stock (1) 08/07/2017   D     70,673,242 (2) (8)   (1)   (1) Series C Common Stock 70,673,242 (2) 0 I See Footnote (6)
Series C Convertible Participating Preferred Stock (3) 08/07/2017   D     24,874,370 (2) (8)   (3)   (3) Series C Common Stock 49,748,740 (2) 0 I See Footnote (6)
Series A-1 Convertible Participating Preferred Stock (4) 08/07/2017   A   7,852,582.44 (2) (9)     (4)   (4) Series A Common Stock 70,673,242 (2) 7,852,582.44 I See Footnote (7)
Series C-1 Convertible Participating Preferred Stock (5) 08/07/2017   A   6,218,592.5 (2) (9)     (5)   (5) Series C Common Stock 120,421,982 (2) 6,218,592.5 I See Footnote (7)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ADVANCE LONG-TERM MANAGEMENT TRUST
ONE NEWARK CENTER, 19TH FLOOR
C/O ROBINSON MILLER, LLC
NEWARK, NJ 07102
  X   X    
NEWHOUSE BROADCASTING CORP
6350 COURT STREET
EAST SYRACUSE, NY 13057
  X   X    
ADVANCE PUBLICATIONS, INC
950 FINGERBOARD ROAD
STATEN ISLAND, NY 10305
  X   X    
NEWHOUSE FAMILY HOLDINGS, L.P.
ONE WORLD TRADE CENTER
NEW YORK, NY 10007
  X   X    
ADVANCE/NEWHOUSE PROGRAMMING PARTNERSHIP
6350 COURT STREET
EAST SYRACUSE, NY 13057
  X   X    

Signatures

 Advance/Newhouse Programming Partnership, By: /s/ Michael A. Newhouse, Vice President   08/08/2017
**Signature of Reporting Person Date

 Newhouse Broadcasting Corporation, By: /s/ Michael A. Newhouse, Executive Vice President   08/08/2017
**Signature of Reporting Person Date

 Advance Publications, Inc., By: /s/ Michael A. Newhouse, Co-President   08/08/2017
**Signature of Reporting Person Date

 Newhouse Family Holdings, L.P., By: Advance Long-Term Management Trust, as General Partner, By: /s/ Michael A. Newhouse, Trustee   08/08/2017
**Signature of Reporting Person Date

 Advance Long-Term Management Trust, By: /s/ Michael A. Newhouse, Trustee   08/08/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Each share of Series A Convertible Participating Preferred Stock is convertible pursuant to its terms into one share of Series A Common Stock and one share of Series C Common Stock at any time (following a stock dividend that occurred on August 6, 2014).
(2) On August 7, 2017, shares of Series A Convertible Participating Preferred Stock and Series C Convertible Participating Preferred Stock were transferred to the Issuer in exchange for shares of Series A-1 Convertible Participating Preferred Stock and Series C-1 Convertible Participating Preferred Stock (the "Exchange"). Immediately following the Exchange, Advance/Newhouse Programming Partnership's beneficial ownership of the aggregate number of shares of Series A Common Stock and Series C Common Stock into which the Series A-1 Convertible Participating Preferred Stock and Series C-1 Convertible Participating Preferred Stock received by Advance/Newhouse Programming Partnership in the Exchange are convertible remained unchanged.
(3) Each share of Series C Convertible Participating Preferred Stock is convertible pursuant to its terms into two shares of Series C Common Stock at any time (following a stock dividend that occurred on August 6, 2014).
(4) Each share of Series A-1 Convertible Participating Preferred Stock is convertible pursuant to its terms into nine shares of Series A Common Stock at any time.
(5) Each share of Series C-1 Convertible Participating Preferred Stock is convertible pursuant to its terms into 19.3648 shares of Series C Common Stock at any time.
(6) Prior to the Exchange, Advance/Newhouse Programming Partnership was the record holder of the Series A Convertible Participating Preferred Stock and Series C Convertible Participating Preferred Stock. The other reporting persons owned such shares through subsidiaries. Each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.
(7) After the Exchange, Advance/Newhouse Programming Partnership is the record holder of the Series A-1 Convertible Participating Preferred Stock and Series C-1 Convertible Participating Preferred Stock. The other reporting persons own such shares through subsidiaries. Each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.
(8) Disposed to the Issuer in an exempt transaction.
(9) Acquired from the Issuer in an exempt transaction.

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