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Disney's first-quarter profit up 12%

Theme parks, ESPN and the Disney Channel helped boost net income. But revenue for the quarter ended Dec. 31 rose just 1%

February 08, 2012

Strong performances at Walt Disney Co.'s domestic theme parks and by Pixar, Marvel, ESPN and ABC," Disney President and Chief Executive Bob Iger told analysts.

Before Disney reported its results, media analysts said they would be watching advertising trends at ESPN, the powerhouse cable sports network that Morgan Stanley estimates contributes about 8% of the company's revenue.

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