The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2017

Media Networks

Media Networks revenues for the quarter increased 3% to $5.9 billion and segment operating income decreased 3% to $2.2 billion.

The following table provides further detail of the Media Networks results (in millions):

       
Quarter Ended Six Months Ended
April 1,   April 2, April 1,   April 2,
2017   2016 Change 2017 2016 Change
Revenues:
Cable Networks $ 4,062 $ 3,955 3 % $ 8,490 $ 8,476 -- %
Broadcasting 1,884   1,838   3 % 3,689   3,649   1 %
$ 5,946   $ 5,793   3 % $ 12,179   $ 12,125   -- %
Segment operating income:
Cable Networks $ 1,791 $ 1,846 (3 )% $ 2,655 $ 2,821 (6 )%
Broadcasting 344 302 14 % 723 597 21 %
Equity in the income of investees 88   151   (42 )% 207   293   (29 )%
$ 2,223   $ 2,299   (3 )% $ 3,585   $ 3,711   (3 )%
 

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