Cable nets help boost Disney's bottom line

02/7/2012 | Wall Street Journal, The · Broadcasting & Cable

The success of ESPN, the Disney Channel and ABC Family on cable helped parent Walt Disney realize a 12% increase in profit, to $1.46 billion, for its fiscal first quarter. Sales were up slightly to $10.78 billion, missing analysts' projections of $11.18 billion. CEO Bob Iger cited a carriage deal with Comcast as key to future success, saying the deal "not only provides for distribution into the next decade, but the rates that we will be paid reflect the increased value" the company provides.

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Wall Street Journal, The · Broadcasting & Cable

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