On June 17, 1985, Discovery Channel was launched with $5 million in start-up capital from the BBC, the American investment firm Allen & Company, Venture America and several other investors. In the beginning it was available to 156,000 households and would broadcast for 12 hours between 3 p.m. and 3 a.m. with about 75 percent of the content new to American viewers.[3] John Hendricks is credited with founding of the channel and its parent
company, then known as Cable Educational Network Inc,
company, then known as Cable Educational Network Inc,
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