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ESPN For Cord-Cutters Gets A Price As Disney Reports Flat Media Revenue

In the Walt Disney Company’s first earnings report since it announced the acquisition of most of 21st Century Fox’s film and TV businesses, the company beat Wall Street expectations—for the most part. Disney said it earned an adjusted $1.89 a share, compared to the $1.61 that Wall Street expected for the quarter ending. However, revenue was $15.35 billion, just short of the $15.5 billion analysts predicted. The strong quarter was the result of an uptick in revenue across Disney’s global theme parks, as well as recently enacted federal tax changes, which led to a $1.6 billion financial boost for the company

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ESPN For Cord-Cutters Gets A Price As Disney Reports Flat Media Revenue

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