Disney-owned ESPN's star wanes as revenues miss analyst estimates

ESPN continues to be a thorn in Disney's side: Despite posting 4 percent revenue growth in the first quarter, the network missed analyst estimates on revenue.

Perhaps even worse, ESPN saw subscriber numbers fall and its advertising revenue drop 4 percent year-over-year. The impact on its parent company was also apparent, with Disney shares dropping 6 percent immediately following its earnings announcement.

FierceCable has all the gory details on ESPN's slow decline here.

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