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Breakdown of Segment Results
| Revenues | 12/31/2011 | 1/1/2011 | Change |
| Media Networks | $4,779 | $4,645 | 3% |
| Parks & Resorts | $3,155 | $2,868 | 10% |
| Studio Entertainment | $1,618 | $1,932 | (16)% |
| Consumer Products | $948 | $922 | 3% |
| Interactive Media | $279 | $349 | (20)% |
| Total | $10,779 | $10,716 | 1% |
| Operating Profit | 12/31/2011 | 1/1/2011 | Change |
| Media Networks | $1,193 | $1,066 | 12% |
| Parks & Resorts | $553 | $468 | 18% |
| Studio Entertainment | $413 | $375 | 10% |
| Consumer Products | $313 | $312 | - |
| Interactive Media | ($28) | ($13) | >(100)% |
| Total | $2,444 | $2,208 | 11% |
At the release of the earnings report, Chairman and CEO Bob Iger appeared on CNBC to discuss the results. He said that the results were strong in media networks (led by The Disney Channel and ESPN) and in the Parks & Resorts segment (double-digit revenue and operating profit growth), and says a lot about the strength in the company's five brands: ESPN, ABC, Marvel, Pixar and Disney.
In regards to flat advertising at ESPN (a mix of higher rates, offset by decreased ratings), Mr. Iger said that the story "deserves a little bit of explanation:"
"We had an NBA strike that got the season started later so ESPN was deprived of games in the quarter and the BCS shifted out from one quarter to the next [referring to a shift in timing of the Rose Bowl and the Fiesta Bowl this year]; if you look at ESPN, the ratings are just fine at ESPN... We had some shifts in programming, and in fact if you back out those shifts, ESPN's advertising was actually up for the quarter."
Watch the embedded video below to hear the rest of Mr. Iger's comments on the quarter:
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