TV success fuels Disney profits
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A strong performance from its ABC and ESPN channels sees Walt Disney boost first quarter profits by 5%.
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Disney's middle-aged  road trip comedy "Wild Hogs" took in more money than initially  estimated at the North American box office last weekend,  grossing a staggering $39.70 million over the three-day frame.
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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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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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LOS ANGELES - Walt Disney (DIS) quarterly profit rose 24% as cable TV results and a tax benefit more than offset a drought at its movie studio.
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Walt Disney Co. quarterly profit rose 24 percent on Thursday as stronger cable television results and a tax benefit more than made up for a sharp slowdown at Disney&#39;s movie studio.
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Walt Disney Co.  said on Wednesday that first quarter net earnings more than doubled from a year ago, driven by DVD sales of "Pirates of the Caribbean: Dead Man's Chest" and "Cars" and by the sale of an E! Entertainment stake.
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Profits got a boost despite sluggish sales from the challenging environment.
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The Walt Disney Company reported $516 million net income in the quarter ended September 30th, compared to $415 million in the year-ago quarter.
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Walt Disney posted a quarterly profit far ahead of Wall Street targets on strong results at its theme park, media and consumer products groups, sending shares up 5 percent.
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Profit rose on subscription growth at Liberty Mediaâs movie channel, Starz, and increased sales at its home shopping channel, QVC.
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Walt Disney Co. executives on  Thursday said advertisers and local affiliate television  stations were embracing the concept of television shows on the  Internet, and that the company aims to increase its reach into  nontraditional viewing.
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Strong overseas sales of shows such as Doctor Who help BBC Worldwide to  increase annual profits by 24%.
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Rupert Murdoch&#39;s News Corp. posted a higher profit Wednesday for its fiscal first quarter, driven by strong revenue gains in its broadcast and cable TV operations.
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News Corp. saw healthy gains in profit and revenue in the fiscal first quarter - helped by growth in advertising at the Fox News Channel and the Fox broadcast network, as
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NEW YORK -- MTV owner Viacom Inc.'s profits nearly tripled in the fourth quarter following the addition of the DreamWorks studio last year, which swung its movie business to a profit.
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Stock futures rose on Wednesday as  profits from Walt Disney Co  and Time Warner Inc   suggested that the profit picture is holding up outside of the  financial sector.