TV networks buoy Disney profits
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A strong performance by Walt Disney's TV channels offsets weaker movie revenues, pushing fourth-quarter profits up by a quarter.
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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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The cable operator reported fourth-quarter net income of $602 million on solid revenue gains as customers spent more for cable TV. The company also said it will start paying a quarterly dividend.
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The Walt Disney Co. on Wednesday  said it reached an agreement with ABC television affiliates to  include local advertising in the network's online offering of  seven prime-time TV series, including "Desperate Housewives"  and "Lost."
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Liberty Media said on Wednesday profit at two of its key division rose on higher subscriptions at Starz and higher sales at QVC.
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Walt Disney Co.  said on Wednesday that first-quarter net earnings more than doubled, driven by DVD sales of the movies "Pirates of the Caribbean: Dead Man's Chest," "Cars" and the sale of a stake in E! Entertainment Television.
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Walt Disney Co. and Comcast Corp on  Tuesday said they have reached a long-term, comprehensive  distribution agreement that places Disney programming and  services on Comcast's cable TV menu.
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Shares of Walt Disney Co.DIS.N  rose 1.7 percent on Thursday, taking the entertainment  conglomerate toward one of its strongest weeks this year as its  troubled ABC television network showed unexpectedly strong  ratings.
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Comcast Corp. , the leading  U.S. cable operator, posted higher quarterly profit and revenue  on Thursday, helped by strong growth in subscribers across its  video, phone and high speed Internet services.
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Walt Disney Co's  quarterly profit topped Wall Street targets as Disney World set attendance records and its TV and consumer businesses grew despite a turbulent U.S. economy, while executives said they were "pretty optimistic."
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Rupert Murdoch's News Corp (NWSa.N)  posted a moderate rise in fiscal second-quarter profit on  Monday on higher advertising sales at its Fox News channel and  the Fox television network, offsetting a decline in its movie  studio business.
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The News Corporation, the media company controlled by Rupert Murdoch, said yesterday that its fiscal first-quarter profit rose 27 percent, in part because advertising sales increased at its cable networks, like the Fox News Channel.
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ABC's "Monday Night Football" broadcast lifted the Disney-owned network to a prime-time ratings lead on an evening otherwise dominated by reruns and specials.
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Leading U.S. cable company's results impacted by cost to lure subscribers.
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Walt Disney Co's  quarterly  profit topped Wall Street targets as Disney World set  attendance records and its TV and consumer businesses grew  despite a turbulent U.S. economy, while executives said they  were "pretty optimistic."
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Walt Disney President and CEO Robert Iger reported Tuesday that his company has sold 125,000 digital movies since they debuted on the iTunes Store last week, already generating $1 million in revenue. Iger told attendees of an investment conference in New York on Tuesday that Disney anticipates seeing about $50 million in revenue from the venture during its first year.
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Rupert Murdoch's News Corp  posted a moderate rise in fiscal second-quarter profit on Monday on higher advertising sales at its Fox News channel and the Fox television network, offsetting a decline in its movie studio business.