Bloomberg: Disney reignited the fears of jittery media investors with second-quarter results that missed analysts’ estimates as profit from the ABC broadcast operation fell and the company shut down its Infinity video-games division. Disney’s results renewed investor concern over the outlook for broadcast and cable television companies, which have lost viewers and advertising dollars to online media. “If the pay-TV bundle is fraying and affiliate fees are at risk, then Disney may be the most exposed since ESPN is the highest priced cable network.”