DISCOVERY CHANNEL'S "PROPERTY WARS" RETURNS WITH BIDDERS AND BUYERS FIGHTING FOR THE NEXT HOUSING JACKPOT

-New Season Premieres January 10th at 10PM ET/PT-

(LOS ANGELES) Phoenix, Arizona leads the nation in the high-stakes world of housing auctions, and where some see a lost cause, others smell a diamond in the rough. Last season on PROPERTY WARS, rival bidders faced off over houses they could only see from the outside, and this season, they're back to duke it out again beginning on Thursday, January 10th at 10:00PM ET/PT.

PROPERTY WARS follows aggressive buyers at the top of their games competing to snatch up the most profitable houses recently put up for auction by the county courts. And this is not your grandma's silent auction! As their bidders stand by at the courthouse, buyers are given only minutes to investigate a house before the bidding starts. They're not allowed to view the interior until after it's bought, so they must rely on a combination of gut instinct and experience to figure out if each house is worth their investment. But the properties themselves aren't the only factors in this high stakes bidding match; rivalries between buyers lead to fierce bidding wars to get the homes.

So who will wind up with a bargain and who will get sucked into a money pit? On this season of PROPERTY WARS, follow teams of buyers and bidders squaring off in hopes of carving out their own sections of the Phoenix market.

· Doug Hopkins, commonly referred to as the King of the East Valley, is an assertive veteran buyer with over twenty years of experience.

· Doug's rivals Scott Menaged and Lou Amoroso, two abrasive New Yorkers, are determined to get any property they desire and they have no qualms about offending fellow buyers in the process.

· Ed Rosenberg and Steve Simons, recent transplants from Los Angeles, believe that the best way to make a big profit is to take calculated risks, but their inexperience still gets them into trouble.

· Longtime Phoenix real estate buyer John Ray uses his intimate knowledge of the local market and building codes to seek out unique houses that can turn to gold.

From the quick down-and-dirty investigation of the houses which can only be viewed from the outside, to the heated auctions themselves, through the surprising inspections that reveal the insides of the houses for the first time, profits and losses are tallied to see who makes the best deal and who goes bust. Whether going after a run-down property in one of Phoenix's toughest neighborhoods, a sprawling custom mansion, or a ranch out in the desert, these guys are all determined to walk away with the best deal of the day. Season two of PROPERTY WARS kicks off on January 10th at 10:00PM ET/PT.

PROPERTY WARS is produced for Discovery Channel by Sharp Entertainment. For Sharp Entertainment, Matt Sharp and Larry Hochberg are executive producers. For Discovery Channel, John Moffet is executive producer and Tara Hunter is coordinating producer.

About Discovery Channel

Discovery Channel is dedicated to creating the highest quality non-fiction content that informs and entertains its consumers about the world in all its wonder, diversity and amazement. The network, which is distributed to 100.1 million U.S. homes, can be seen in over 180 countries, offering a signature mix of compelling, high-end production values and vivid cinematography across genres including, science and technology, exploration, adventure, history and in-depth, behind-the-scenes glimpses at the people, places and organizations that shape and share our world. For more information, please visitwww.discovery.com.

About Discovery Communications

Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) is the world's #1 nonfiction media company reaching more than 1.8 billion cumulative subscribers in 209 countries -more- and territories. Discovery is dedicated to satisfying curiosity through 149 worldwide television networks, led by Discovery Channel, TLC, Animal Planet, Science and Investigation Discovery, as well as US joint venture networks OWN: Oprah Winfrey Network, The Hub and 3net, the first 24-hour 3D network. Discovery also is a leading provider of educational products and services to schools and owns and operates a diversified portfolio of digital media services, including Revision3. For more information, please visit www.discoverycommunications.com.