Wednesday, February 6, 2013

Profit Slides 6% at Disney as Movie and TV Divisions Lag

"ESPN had a significant impact on Disney's quarter, with programming expenses increasing for football and basketball. Those costs held back results for Disney's media networks unit, which houses the cable sports behemoth; operating income there increased a tepid 2 percent, to $1.21 billion. The growth came from the Disney Channel, ABC Family and higher ad sales at the ABC broadcast network."

http://mediadecoder.blogs.nytimes.com/2013/02/05/costs-at-espn-depress-disney-profits/

Sent from phone. Sory for tpyos.

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