Andrew
08-09-2006, 05:52 PM
Walt Disney 3Q profit up on unit growth (http://www.mercurynews.com/mld/mercurynews/business/15233143.htm) -- MercuryNews/AP, 2006-08-09
LOS ANGELES - Profits rose at The Walt Disney Co. in the third quarter as the media conglomerate delivered growth from every division, including movies, theme parks, cable TV networks and consumer products.
The results released Wednesday easily beat analysts' estimates and came after a yearlong effort to focus the company's money and talent on its core brands and sell its content on new technology platforms.
Under the leadership of Chief Executive Robert Iger, who succeeded longtime CEO Michael Eisner, Disney also shed various businesses, including radio stations and its investment in US Weekly magazine, and trimmed staff at its movie studio as it sought to boost returns.
LOS ANGELES - Profits rose at The Walt Disney Co. in the third quarter as the media conglomerate delivered growth from every division, including movies, theme parks, cable TV networks and consumer products.
The results released Wednesday easily beat analysts' estimates and came after a yearlong effort to focus the company's money and talent on its core brands and sell its content on new technology platforms.
Under the leadership of Chief Executive Robert Iger, who succeeded longtime CEO Michael Eisner, Disney also shed various businesses, including radio stations and its investment in US Weekly magazine, and trimmed staff at its movie studio as it sought to boost returns.