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. [ DISCA ] 		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 (MM/DD/YYYY)

2/14/2020
(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
Series C Common Stock 2/14/2020  S  9500000 D$30.0750 (1)2 I See Footnote (2)

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
Explanation of Responses:
(1) On February 14, 2020, Advance/Newhouse Partnership ("A/NP") sold 9,500,000 shares of Series C Common Stock ("Common Shares") to an unaffiliated financial institution pursuant to a post-paid forward transaction at a price based on the volume weighted average price of the Common Shares over a period of time determined by the financial institution, subject to an agreed minimum and maximum period.
(2) A/NP is the record holder of the Common Shares described above. The other reporting persons may be deemed to beneficially own the Common Shares due to their control of A/NP. Each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
ADVANCE LONG-TERM MANAGEMENT TRUST
ONE NEWARK CENTER, 19TH FLOOR
C/O ROBINSON MILLER. LLC
NEWARK, NJ 07102		XX

NEWHOUSE BROADCASTING CORP
5015 CAMPUSWOOD DRIVE
SYRACUSE, NY 13057
X

ADVANCE PUBLICATIONS, INC
950 FINGERBOARD ROAD
STATEN ISLAND, NY 10305
X

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

ADVANCE/NEWHOUSE PARTNERSHIP
6350 COURT STREET
EAST SYRACUSE, NY 13057-1211
X
Signatures
/s/ Michael A. Newhouse, Trustee2/14/2020
**Signature of Reporting PersonDate

/s/ Oren Klein, Chief Financial Officer2/14/2020
**Signature of Reporting PersonDate

/s/ Oren Klein, Chief Financial Officer2/14/2020
**Signature of Reporting PersonDate

/s/ Michael A. Newhouse, Trustee2/14/2020
**Signature of Reporting PersonDate

/s/ Oren Klein, Chief Financial Officer2/14/2020
**Signature of Reporting PersonDate
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