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225 billion, or 59 cents per share, compared to $350 million, or 17 cents per share in the same period last year "The unfortunate reality is that despite the appearance of strong growth this year, 2004 earnings will only approximate those achieved seven years ago Operating income at its media networks division rose 76 percent to $704 million mainly on the strength of increased advertising and subscriber revenue from its ESPN sports cable channel Disney chief executive Michael Eisner declined to comment on reports of rocky negotiations with the heads of its Miramax film studio for a new contract Domestic theme park attendance in the current quarter is tracking at double-digit percentages, Disney chief financial officer Thomas Staggs said Revenue increases were offset by the rising cost of employee benefits 670 billion The losses were somewhat offset by increased revenue from the sale of DVDs of "Finding Nemo," "Brother Bear" and other films Disney said it expects employee benefit costs to rise by $137 million in 2004 The company also reiterated earlier guidance of double-digit growth through 2007 "The board and the management seem to be at one to continue the strategic direction while the board continues to analyze internal candidates and those who would be appropriate if and when I get hit by a truck, which I hope won't be for a while," he said The media company reported net income of $537 million, or 26 cents per share for the quarter ended March 31, compared with $314 million, or 15 cents per share for the same period last year Analysts surveyed by Thomson First Call had expected earnings of 21 cents per share Attendance at its two theme parks in California, including Disneyland, increased 8 percent during the quarter and per capita spending rose 4 percent Revenues increased 11 percent to $7 They gained another 50 cents, or 2 percent, in after hours trading 189 billion, compared to $6 Disney Reports Sharply Higher Earnings May 12, 6:18 PM EST The Walt Disney Co Encouraged by the trends at the parks and cautiously optimistic about the effect of management changes at its ABC Television network, Disney raised its full-year outlook for the second time, saying it expects earnings growth of "50 percent or more" in 2004, barring certain developments, such as the sale of its retail store chain Revenue for the first six months increased to $15 reported sharply higher second quarter income Wednesday on the strength of increased DVD sales and strong attendance at its theme parks, balanced by losses at its film studio Eisner also did not elaborate on questions about management succession An expected write-off for some of its larger flops, including "The Alamo," will likely be taken in the third quarter 738 billion from $13 For the first six months of the year, Disney reported net income of $1 "This is a board responsibility," Eisner said during a conference call with analysts 5 billion in the same period last year Yet executives repeated earlier claims that the network would achieve profitability in 2005 Disney saw growth in all its divisions in the quarter, except for its film studio, where operating income decreased 26 percent as films such as "The Alamo" and "Hidalgo" faltered Disney's ABC network continues to stagger Eisner did confirm that he had agreed to sell the Michael Moore film "Fahrenheit 9/11" back to Miramax heads Bob and Harvey Weinstein, although Miramax would still not be allowed to distribute it Disney said it continues to try to sell its struggling chain of retail stores, although it had no progress to report Wednesday Operating income at Disney's theme parks and resorts division rose 21 percent to $188 million during the quarter Last month, Disney reshuffled management at ABC, firing two programming executives and handing the network's prime time schedule to the head of its Touchstone Television studio Disney had last said it expected growth of 40 percent after earlier this year predicting 30 percent growth Attendance at its Walt Disney World Resort in Florida increased 18 percent during the quarter, although per capita spending increased only slightly, the company said "In order to achieve that, we have to deliver some improved ratings performance," Disney president Robert Iger said "Do the math, growth is over for 2004," the two dissidents said In a statement Wednesday, ex-board members Stanley Gold and Roy Disney questioned the company's growth projections and repeated earlier calls for a management change " Shares of Disney were up 2 cents to $23 at the end of regular trading on the New York Stock Exchange Wednesday "I'd known for a while that she's the one," he says " This is different, says Spears, who's wearing a five-carat diamond set atop two slender platinum, diamond-encrusted bands on her left finger "You should never blame the other woman, never," Jackson said "But then I said, `You know what? This is my life and I don't care what people think "Marrying Kevin was the last thing I was thinking about doing," Spears tells People magazine in its July 12 issue " Jackson also said that she feels no animosity toward Spears "I kissed a bunch of frogs and finally found my prince," says Spears "I was not in love at all I see myself with four or five Federline popped the question on an airplane while flying with Spears from Ireland to New York after the European leg of her tour '" Spears, 22, and Federline, 26, began dating a few months ago, after her Las Vegas wedding to childhood friend Jason Alexander in January I'm going to get married " "I feel like I've found my happily ever after Spears Says She Is Marrying for Love Jun 30, 4:08 PM EST This time, she's marrying for love, Britney Spears said of her recent engagement to dancer Kevin Federline (But) I definitely want to have some kids " They have a 2-year-old daughter and are expecting another baby " She adds: "We're starting with a dog That marriage was annulled 55 hours later In an interview set to air Wednesday, Jackson told syndicated entertainment show "Access Hollywood" that "after I meet her (Britney) and everything's cool, we can be one big happy family I'm in love with him " Federline, who performed as a backup dancer for Justin Timberlake, Spears' former boyfriend, previously was involved with Shar Jackson, star of TV's "Moesha Of the quickie Vegas ceremony, "That thing was a total ugh," she says "There's life after Kevin, and I'm living it!" Spears says she plans to meet Federline's daughter and wants children of her own someday "I'm not pregnant I just got a Maltese named Lacy |
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