Similarly in the case of Disney while advertising revenues for its media networks increased by 4% between 2007 and 2011, the affiliatefee grew by a staggering 44%.
Disney will report its Q2 fiscal 2013 earnings on May 7, and the focus will be on the impact of ratings pressures on broadcasting business against the growth in licensing and affiliatefee.
The worrying, but not unexpected, aspect was the decline in media networks revenues as mild growth in affiliatefee was not able to make up for advertising revenue declines due to lower ratings at Nickelodeon and MTV.
The umbrella charity--the community foundation or the Fidelity or Vanguard affiliate-- invests and administers your fund for an annual fee and sends the checks to the charities you chose.