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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ADVANCE LONG-TERM MANAGEMENT TRUST		 2. Issuer Name and Ticker or Trading Symbol

Discovery, Inc. [ DISCK ] 		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)

110 EDISON PLACE, SUITE 302,, C/O ROBINSON MILLER. LLC		 3. Date of Earliest Transaction (MM/DD/YYYY)

6/11/2021
(Street)

NEWARK, NJ 07102
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Call option (obligation to sell) $31.3036 (2)(3)6/11/2021  E/K (2)(3)    416667  6/11/2021 6/11/2021 Series C Common Stock 416667 $0 (2)(3)4583327 I See Footnote (1)
Put option (right to sell) $24.1830 (2)(3)6/11/2021  J/K (2)(3)    416667  6/11/2021 6/11/2021 Series C Common Stock 416667 $0 (2)(3)4583327 I See Footnote (1)
Call option (obligation to sell) $31.3036 (2)(3)6/14/2021  E/K (2)(3)    416667  6/14/2021 6/14/2021 Series C Common Stock 416667 $0 (2)(3)4166660 I See Footnote (1)
Put option (right to sell) $24.1830 (2)(3)6/14/2021  J/K (2)(3)    416667  6/14/2021 6/14/2021 Series C Common Stock 416667 $0 (2)(3)4166660 I See Footnote (1)
Call option (obligation to sell) $31.3036 (2)(3)6/15/2021  E/K (2)(3)    416667  6/15/2021 6/15/2021 Series C Common Stock 416667 $0 (2)(3)3749993 I See Footnote (1)
Put option (right to sell) $24.1830 (2)(3)6/15/2021  J/K (2)(3)    416667  6/15/2021 6/15/2021 Series C Common Stock 416667 $0 (2)(3)3749993 I See Footnote (1)
Explanation of Responses:
(1) Advance/Newhouse Programming Partnership ("A/NPP") is the record holder of the Common Shares and the call options and put options described above. The other reporting persons may be deemed to beneficially own Common Shares and the call options and put options held by A/NPP due to their control of A/NPP. Each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.
(2) As previously disclosed, on June 13, 2019, A/NPP entered into a Share Collar Transaction (the "Transaction") with an unaffiliated bank (the "Bank"), pursuant to which A/NPP wrote European call options and purchased European put options over an aggregate of 12,500,000 shares of Class C common stock (the "Common Shares"). The Transaction expires evenly over a series of expiration dates from May 17, 2021 to June 28, 2021, inclusive.
(3) Pursuant to the Transaction, on the transaction date listed above, the portion of the Transaction representing both the Bank's call option and A/NPP's put option expiring on such date expired unexercised.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
ADVANCE LONG-TERM MANAGEMENT TRUST
110 EDISON PLACE, SUITE 302,
C/O ROBINSON MILLER. LLC
NEWARK, NJ 07102		XX

NEWHOUSE BROADCASTING CORP
ONE WORLD TRADE CENTER
NEW YORK, NY 10007
X

ADVANCE PUBLICATIONS, INC
ONE WORLD TRADE CENTER
NEW YORK, NY 10007
X

NEWHOUSE FAMILY HOLDINGS, L.P.
ONE WORLD TRADE CENTER
NEW YORK, NY 10007
X

ADVANCE/NEWHOUSE PROGRAMMING PARTNERSHIP
6350 COURT STREET
EAST SYRACUSE, NY 13057
X
Signatures
Advance/Newhouse Programming Partnership, By: /s/ Oren Klein, Chief Financial Officer6/15/2021
**Signature of Reporting PersonDate

Newhouse Family Holdings, L.P., By: Advance Long Term Management Trust, as General Partner By: /s/ Michael A. Newhouse, Trustee6/15/2021
**Signature of Reporting PersonDate

Advance Publications, Inc., By: /s/ Oren Klein, Chief Financial Officer6/15/2021
**Signature of Reporting PersonDate

Newhouse Broadcasting Corporation, By: /s/ Oren Klein, Chief Financial Officer6/15/2021
**Signature of Reporting PersonDate

Advance Long-Term Management Trust, By: /s/ Michael A. Newhouse, Trustee6/15/2021
**Signature of Reporting PersonDate
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