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Why it might not be time to dump Disney shares

Shares of Disney fell 9 percent on Wednesday, a day after the company missed revenue estimates and lowered its expectations for television subscribers as consumers continue to ditch traditional cable bundles.

But that doesn't necessarily mean investors should be ditching the company, according to Tim Nollen, Macquarie senior media analyst.

"This was the first public company comment that I have heard of a company actually reducing...