Saturday, January 7, 2012

Disney to recognize some ESPN revenue earlier (Reuters)

(Reuters) ? Walt Disney Co's ESPN cable network will recognize some affiliate revenue earlier in the year as a result of a new agreement with Comcast Corp, Chief Financial Officer Jay Rasulo said on Thursday.

About $70 million to $80 million will be moved forward in each of the fiscal first and second quarters, or about 2 cents per share of earnings, Rasulo said at the Citigroup Global Entertainment, Media and Telecommunications Conference.

(Reporting By Lisa Richwine)

Source: http://us.rd.yahoo.com/dailynews/rss/enindustry/*http%3A//news.yahoo.com/s/nm/20120105/media_nm/us_disney_espn

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