Duck Dynasty's Phil Robertson Defends Anti-Gay Remarks
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Duck Dynasty Anti-Gay Backlash: A&E Parent Walt Disney (DIS) Shares Unaffected
December 19, 2013 12:54 PM ESTThe backlash being witnessed after A&E suspended Duck Dynasty patriarch Phil Robertson for his anti-gay remarks is not being felt in the shares of co-owner The Walt Disney Company (NYSE: DIS). In fact, shares of the entertainment giant are higher to the tune of 1 percent Thursday.
A&E, which is 50% co-owned by Walt Disney in a joint venture with the Hearst Corporation, announced Wednesday that Robertson was being placed on hiatus after an interview in GQ was published. The network has an estimated 100 million subscribers.
"We are extremely disappointed to have read Phil Robertson's comments in GQ, which are based on his own personal beliefs and are not reflected in the series... More
