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SBD/February 6, 2014/Media
Disney Operating Income Up 20% In FY Q1 Thanks To Growth At ESPN
Published February 6, 2014
LOOKING TO REBOUND: In L.A., Joe Flint noted it was a "tougher quarter" for the Turner Broadcasting division at Time Warner, which is home to cable networks such as TBS, TNT, truTV and CNN. Revenue for Turner was up 3% to $2.5B, as ad sales "were virtually flat compared to the same period a year ago" (LATIMES.com, 2/5). At presstime, shares of Time Warner were trading at $63.19 per share, up 0.2% from the close of trading yesterday (THE DAILY).