Here's Why Investors Are So Obsessed With Disney's ESPN Unit

Investors seem to only care about Disney's (DIS) - Get Report ESPN business. '[Investors] are really focusing on that one percent gain on the cable business revenues,' said Michael Ingram, a market analyst with BGC Partners, based in London. Revenue from Disney's cable TV unit for its third quarter, which includes behemoth ESPN, gained just one percent year-over-year to $4.2 billion, while film studio sales climbed 40 percent to $2.85 billion. 'You've got burgeoning ad and affiliate revenue being offset by continued subscriber losses and also increasing costs of programming.' In Disney's previous quarter, cable revenue slipped 2 percent year-over-year. The subscriber losses come amid the rise of cord-cutting and cord-shaving. TheStreet's Scott Gamm reports from Wall Street.