The Walt Disney Co.’s stock is up 35 percent so far this year, outpacing its media company rivals.
Analysts believe Disney can offer steady growth and safety as the economy heads into murkier territory.
That’s because the company has protection against a possible ad slump: The increasing fees it charges distributors of its TV channels like ESPN and ABC.
At the same time, the company’s wave of investment in parks and resorts is slowing — freeing up cash for dividends and stock buybacks.
News Tribune news services
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