Disney reveals ESPN’s financials, proving its sports business isn’t ‘imploding’
Walt Disney Co. offered investors their first glimpse at ESPN’s financials Wednesday with disclosures that struck one analyst as a “relief.” ESPN generated $12.6 billion in revenue during the nine months that ran through July 1, up from $12.3 billion in the comparable period a year before. The business brought in $1.9 billion in operating … Read more