Not long ago, I wrote about Disney's
According to CNNMoney, ABC scored an average daily viewership of 5.54 million in the vaunted 18-to-49 demographic, a 6% year-over-year increase. Granted, Viacom's
To get a feel of how important a flourishing ABC is, let's look at the numbers from Disney's full-year report. The broadcasting segment achieved operating income of $464 million, including the effect of stock options, for the fiscal year versus $245 million in the previous year. That's nice profit growth, and it came behind a 10.7% increase in revenues to $5.9 billion. Granted, the cable networks generate more revenue and much more operating profit. But it's important for ABC to shine, as it can only help drive revenues and income in other parts of the company (hey, we're still talking synergy here, after all), in addition to contributing the green stuff on its own.
How long will the good times last at ABC? I don't know. But I hope the company can keep the momentum going and not end up like General Electric's
For more Foolish Takes on the Mouse House:
Head on over to the Disney discussion board and post some of your magical thoughts.
Fool contributor Steven Mallas owns shares of Disney and General Electric. The Fool has a disclosure policy.