Sales at Disney in the three months ended March 28 fell 7 percent...
Sales at Disney in the three months ended March 28 fell 7 percent from a year earlier to $8.1 billion, the media company said. Net income fell 46 percent to $613 million. Broadcasting revenue fell 2 percent to $1.4…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
billion, while cable network sales gained 4 percent to $2.2 billion. Broadcast operating income fell 38 percent to $162 million, while cable operating income grew 5 percent to $1.1 billion. Lower ad sales at ABC’s TV station group and higher programming costs at the ABC TV network led to the downturn in income, Disney said. At ESPN, Disney said it sold fewer ads than it did a year earlier but at higher rates.