Media Decoder Blog: Profit Slides 6% at Disney as Movie and TV Divisions Lag

Higher costs at ESPN and lower DVD sales resulted in a 6 percent decline in quarterly profit at Disney, the company said late Tuesday. But Disney?s video game and Web unit finally swung to a profit and the conglomerate steered attention toward potential ?Star Wars? growth. Interactive media, a business unit that includes video games and Disney.com, turned to an operating profit of $9 million after 16 consecutive quarters of losses.

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Media Decoder Blog: Profit Slides 6% at Disney as Movie and TV Divisions Lag