Disney to take $30 million loss on Mobile ESPN: CFO
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The Walt Disney Co.  will  spend about $30 million to shut down its Mobile ESPN wireless  telephone services, but remains "excited" about its  family-oriented Disney Mobile phone service, Disney Chief  Financial Officer Tom Staggs said on Monday.
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NEW YORK &#151; ESPN is relaunching its shuttered cell phone service through Verizon Wireless, this time delivering its flashy feed of sports scores, news and video highlights through a top industry player instead of competing for subscribers with its own full-blown wireless brand.
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LOS ANGELES  - Mobile ESPN is back on  the line. After hanging up its branded cellular phone package  in September, the Walt Disney Co. is re-entering the wireless  business with a pair of deals announced Thursday with Verizon  Wireless and MediaFlo USA.
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The company said its quarterly loss ballooned to $302.6 million as it struggled with its mortgage lending arm and said it is trying to renegotiate the sale of the unit.
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Walt Disney Co. DIS.N posted a 24  percent rise in profit on Thursday as advertising gains at ESPN  and ABC television networks more than made up for a sharp  slowdown at Disney's movie studio.
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Walt Disney Co.'s ESPN cable  sports channel said on Thursday it will shut down its Mobile  ESPN wireless telephone business operations later this year and  aims to license the brand to existing providers.
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Investor's Business Daily - The joint venture of EarthLink  (NasdaqGS:ELNK - News) and SK Telecom   doesn&#39;t want to follow in the footsteps of Walt Disney&#39;s   Mobile ESPN, which shut down last year, or Amp&#39;d Mobile, which filed for bankruptcy reorganization protection on Friday.
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Taking on losses of $30 million to $40 million a year, the NFL announces Friday that it is terminating NFL Europa.
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NEW YORK -- The planned shutdown of the Mobile ESPN cell phone service marks the first major bust in a rush of specialized wireless ventures targeting niche audiences they contend are underserved by the Cingulars and Verizons of the world.
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After hanging up its branded cellular phone package in  September, the Walt Disney Co. is re-entering the wireless  business with a pair of deals announced Thursday with Verizon  Wireless and MediaFlo USA.
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ESPN, the cable TV network that has driven profit growth at Walt Disney Co. much of this decade, may produce smaller gains in coming years, crimping the stock price of the second-largest media company.
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Aether Systems Inc., a Maryland wireless data company that is selling off its operating units, said yesterday it received a &#36;30 million offer for a division it had already agreed to sell to another buyer for &#36;25 million.
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The Walt Disney Co's  shares  rose 2.4 percent to $30.80 in after-hours trade on Tuesday  after the company reported quarterly results that topped Wall  Street estimates.
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Walt Disney Co.'s DIS.N ESPN  sports television network is launching its own brand of mobile  telephone service in a deal with Sprint Corp. FON.N catering  to sports fans with news and game highlights on a  next-generation network, the companies said on Wednesday.
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Martha Stewart Living Omnimedia and its founder will pay shareholders $30 million for losses suffered during the ImClone trading scandal.
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LOS ANGELES  - In a first for the U.S.   market, the struggling Mobile ESPN network is offering live and   complete football games for viewing on cell phones.
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Aether Systems Inc., a Maryland wireless data company that is selling off its operating units, said Wednesday it received a $30 million offer for a division it had already agreed to sell to another buyer for $25 million. -The Washington Post