Disney's cable networks post 12% jump in operating income

The Walt Disney Co. in its fiscal third quarter took a hit of as much as $190 million from its box office flop "The Lone Ranger" but generated good results from its cable networks. Profit was essentially flat at $1.85 billion, on revenue of $11.58 billion, a 4% uptick. Disney's cable channels increased operating income by 12% to $2.1 billion, with ESPN, A+E Television Networks (in which Disney has a 50% stake) and the U.S. Disney Channels leading the way. Cable revenue grew by 8% to $3.9 billion.

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