The Traderszone Network

Published in TZ Latest News 9 February, 2016 by The TZ Newswire Staff

ESPN casts shadow over ‘Star Wars’ success at Disney

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.