The US Postal Service announced that they would cease sponsorship at the end of the 2004 racing season when their eight-year contract expired. They had previously been under fire for the expenditure from organizations such as Postal Watch, a website critical of the United States Postal Service. Legitimate problems of mismanagement and sloppy accounting were pointed out by the Postal Service itself, via the USPS Office of the Inspector General. Before the expiration of the USPS contract, Armstrong insisted that he would only continue to ride with the USPS team structure. This demand was met on June 15, 2004 when Discovery Networks stepped in and agreed to sponsor the team for the next three years as the Discovery Channel Pro Cycling Team.
- Wikipedia