Tuesday, May 8, 2012

Disney Broadcasting Ops Register 37% Second Quarter Profit

Walt Disney Co. reported an increase in second quarter profits thanks to gains by its television properties and theme parks. The company's net income rose 21% to $1.14 billion, or 63 cents a share, from $942 million, or 49 cents a share, a year ago. Revenues rose 6% to $9.6 billion.

Disney's broadcasting operations, including ABC, registered a 37% increase in operating income to $229 million on a 2% gain in revenue to $1.5 billion.

Operating income got a boost from lower programming and production costs because of the end of the syndicated OPRAH WINFREY SHOW and decreased daytime and news production costs at ABC. The network had higher ad rates and revenues, offset partially by a decrease at the TV stations unit.

1 comment:

  1. I saw nothing in this article about the people. All I heard was how much more money Disney put in their pockets. They saved money on ABC by changing their daytime programing. They never mention soaps nor the revolution. Never mention the loss of viewers. Gave us the fans no reason to turn ABC/D back on our tvs. I will continue boycotting ABC/D. I won't mention them like they didn't mention US.