ABC Family Channel Posts Loss on Expenses

Walt Disney Co.’s ABC Family cable-television network lost $362.9 million in the quarter ended Dec. 31 after Disney wrote off the value of programming it will no longer use.

The loss contrasted with net income of $8.49 million a year earlier, according to a filing with the Securities and Exchange Commission. ABC Family Worldwide Inc.’s sales declined 27% to $134.7 million from $184.9 million.