LOS ANGELES (AP) — Cord-cutting loomed over Disney's quarterly earnings, as a loss of ESPN subscribers caused Disney to taper its TV profit outlook. Despite beating profit expectations in the April-June quarter, shares fell 6 percent to $113.99 after the earnings were announced. The company said a "modest" decrease in ESPN subscribers would trim a few percentage points off a forecast for profit growth from domestic subscriber fees from 2013 to 2016.Read more on NewsOK.com

Topics:  los angeles ap     cord-cutting   tv   april-june   newsok   disney   espn   outlook   earnings   beat   profit   subscribers   

 

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