Disney Sheds New Light on ESPN's Financial Challenges
Entertainment giant released more detailed information on its sports business as it seeks a strategic partner for ESPN
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Entertainment giant released more detailed information on its sports business as it seeks a strategic partner for ESPN
Walt Disney Co. offered investors their first glimpse at ESPN's financials Wednesday with disclosures that struck one analyst as a "relief."
Walt Disney disclosed the financial figures as part of a restructuring it hopes will help attract external investors for the sports broadcaster.
Disney largely soothed Wall Street's fears with its latest financial disclosures, which showed steady revenue for ESPN. Yet here comes the hard part.
Communications services companies ticked up after strong earnings from AT&T and Netflix. Shares of AT&T shares rallied after the telecom giant's cell-phone...