Daily Traders Edge

ESPN casts shadow over ‘Star Wars’ success at Disney

February 10
08:20 2016

Investors nervous about the future prospects for Disney and other older media companies sent its shares down 3.5 percent to $89.21 in after-hours trading. The media networks unit that includes ESPN, the Disney Channels and ABC recorded a 5.6 percent decline in operating income to $1.41 billion. Disney Chief Executive Bob Iger offered a spirited defense of ESPN on a conference call, describing an “uptick” in customers in the last couple months.

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