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Friday, December 27, 2013

A&E puts Phil Robertson back on 'Duck Dynasty' after anti-gay flap, (NYSE: DIS)

Cable network A&E said on Friday that Phil Robertson will be allowed to re-join his family in the hit reality show "Duck Dynasty," less than two weeks after the patriarch was suspended over anti-gay comments.Robertson's remarks to GQ magazine and his subsequent suspension by A&E sparked a nationwide debate over tolerance and religion, with conservative politicians and fans saying that Robertson's beliefs were consistent with the Bible."As a global media content company, A&E Networks' core values are centered around creativity, inclusion and mutual respect," A&E said in a statement released late Friday."We believe it is a privilege for our brands to be invited into people's homes and we operate with a strong sense of integrity and deep commitment to these principles," added the network, a joint venture of Walt Disney Co. and privately held Hearst Corp.

The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company. Shares of DIS fell by 0.36% or $-0.27/share to $74.35. In the past year, the shares have traded as low as $48.80 and as high as $74.69. On average, 6554080 shares of DIS exchange hands on a given day and today's volume is recorded at 3844758.