Disney profit rises with gains at cable networks

By Lisa Richwine and Devika Krishna Kumar (Reuters) - Walt Disney Co reported a rise in quarterly profit that beat Wall Street forecasts as cable networks including ESPN brought in higher advertising revenue and collected more fees from pay TV distributors. Revenue came in slightly below analysts' estimates. The company also said it lost subscribers at certain cable networks while it gained customers from the SEC Network launched last year. Disney shares fell 0.62 percent in after-hours trading