Cable nets aren't 'lost': ESPN and Co. still key to ABC's Disney.(Finance)
Multichannel News, October, 2004 by Farrell, Mike
Despite strong ratings gains at its broadcast-television unit, earnings growth at the Walt Disney Co. is again expected to be driven mostly by gains at the cable networks--ESPN, ABC Family and Disney Channel--analysts said last week. Disney's ABC broadcast network, once a distant fourth among the big broadcasters, has received a major ratings bump in the past month with successful new series like Desperate Housewives, Lost and Wife Swap.
ROBUST GROWTH But reports from Prudential Equity Group media analyst Katherine Styponias and Banc of America Securities analyst Doug Shapiro indicated Disney's fiscal fourth quarter would only include about two weeks of those popular series' results. Still, they expect robust revenue and earnings growth at...
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