By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Walt Disney signaled on Thursday it was girding for a potentially prolonged fight with YouTube TV over distribution of its television networks, worrying investors about the outlook for its already declining TV business. The company also missed quarterly revenue expectations as the cable weakness overshadowed strong growth in the company's streaming and parks businesses central to its growth. Shares were down 8.3% in afternoon trading Thursday. On a post-earnings call, Chief Financial Officer Hugh Johnston told analysts Disney has "built a hedge" into its forecasts assuming the negotiations could drag on. Disney's networks disappeared from YouTube TV – the fourth-largest pay-TV provider in the U.S. with about 10 million subscriber
Disney warns of potentially long dispute with YouTube TV, shares fall
The Sunday Guardian2 hrs ago
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