Disney's Quarterly Earnings Rise On Media, Parks Growth

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Disney appointed Alan Horn as chairman of Walt Disney Studios, Thursday.
Disney appointed Alan Horn as chairman of Walt Disney Studios, Thursday.

(Reuters) - Walt Disney Co's quarterly earnings rose as the company reported growth at its media networks such as sports powerhouse ESPN and its theme park business.

Disney posted net income of $1.1 billion for the fiscal second quarter, a 21 percent gain from a year earlier.

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