Walt Disney’s cable nets saw 4Q operating income grow 22% Y-over-Y to $854mln, primarily due to higher affiliate and ad revenues at ESPN. Revenue for the nets climbed 16% to $2.2bln. Operating income for the broadcasting biz decreased $19mln to $29mln thanks to increased costs associated with the rollout of Disney-branded mobile phone services and an FCC licenses impairment charge. Overall, Disney’s 4Q net income doubled to $782mln, while revenue climbed 14% to $8.8bln. — Although Crown Media’s overall 3Q net rev decreased 7% to $47.3mln, its sub fee rev jumped 32% to $6.02mln. Hallmark Channel achieved an 8% increase in subs to 74.7mln, and the net also saw its highest Q ever in terms of ratings for both total day (.8) and prime (1.3). During the Q, the company sold to RHI for $160mln the domestic rights to its film library, an important contribution to CM’s current debt reduction goal, said new pres/CEO Henry Schleiff during a Thurs conference call. Crown shares closed Thurs at $3.79 (+6%). — Outdoor Channel Holdings saw 3Q rev rise 16% to $13.2mln, and sub fees grow 13% to $4.3mln. Powered primarily by ad sales at The Outdoor Channel, ad rev jumped 21% to $6.8mln. OCH’s issued a truncated earnings release due to an announced need to re-evaluate certain intangible assets.

The Daily


Verizon, NYC Reach Settlement

Verizon has an agreement with New York City that settles proceedings against it after the city claimed it had failed to meet buildout terms for its Fios network under its cable franchise agreement.

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