News of Note—Disney, Cox, AT&T, Netflix

News of note

> The Walt Disney Company’s fiscal third-quarter revenues fell slightly to $5.9 billion but operating income plummeted 22% to $1.8 billion due to programming cost pressure at ESPN. FierceBroadcasting article

> AT&T’s CFO said today that the company’s “addressable advertising” business continues to grow and today commands CPMs of up to $40—a figure he said is three times more than what the company’s standard advertising business can generate. FierceBroadcasting article

> Cox Communications has named Megan Collins director of government and regulatory affairs in its California region. Santa Barbara Noozhawk article

> Netflix on Tuesday took a hit in the markets after Disney revealed it would launch its own Disney streaming service and subsequently end its distribution deal with Netflix. FierceOnlineVideo article