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Comcast Corp 14, or 9 percent, to $30 "He is using this vulnerable time to force Disney's hand disney Comcast Proposes to Buy Walt Disney Feb 11, 10:56 AM EST In a stunning move, cable TV giant Comcast Corp 44 in heavy trading on the New York Stock Exchange, well above Comcast's current offer 49, a 10 percent premium over their closing price Tuesday com http://www "I think they underestimate the complexity of being a broad-based media company," he said comcast Calls to Disney representatives Zenia Mucha, Michelle Bergman and John Spelich were not immediately returned early Wednesday Philadelphia-base d Comcast merged with AT&T Broadband in November 2002, making it the largest cable TV company in the country with 21 million subscribers Paul Kim, senior media analyst at Tradition Asiel Securities, said that while Roberts making a bid for Disney in and of itself is not surprising, the timing is It said Disney chief Michael Eisner had rebuffed its request for talks The nation's biggest cable systems operator said it would also assume $11 "This is a very exciting moment," Comcast CEO Brian Roberts said in a conference call with investors and analysts Comcast's Class A shares tumbled $3 also reported Wednesday that it swung to a profit of $383 million, or 17 cents per share, for the quarter ending Dec 74 billion 78 of a share of its Class A stock for each Disney share, and Disney shareholders would retain 42 percent of the combined company 79 on the Nasdaq Stock Market "We think job one is restoring the company to its previous levels of profitability," said Burke, who had previously worked at Disney for 12 years On Comcast's conference call, Steve Burke, the head of the company's cable division, told investors that Comcast believed it could greatly improve the performance of several of Disney's key businesses, including ABC, the ABC Family channel, animation and theme parks , the iconic entertainment powerhouse, for stock valued at about $54 billion Comcast also released a letter sent to Eisner indicating that Eisner had personally rejected Roberts' offer to enter into discussions about a merger earlier in the week com The deal values each Disney share at $26 The company noted that merger in its sales pitch Wednesday " Kim also said Comcast is basically a cable company, and might be biting off more than it can chew "It's going for the jugular," he said Revenues jumped 58 percent to $4 "The ball's in Disney's court," Roberts replied "Given this, the only way for us to proceed is to make a public proposal directly to you and your board," the letter stated Comcast also has extensive holdings in content providers, with majority stakes in Comcast-Spectacor, the owner of the Philadelphia Flyers and 76ers; Comcast SportsNet, E! Entertainment Television, the Style Network, Golf Channel, Outdoor Life Network and G4 "Our management team has a proven track record of successful integration of our merger partners," Roberts said Under the merger, Comcast said it would issue 0 36, or 14 percent to $27 " Noting that the offer for Disney had already been rejected by Eisner, an analyst asked Roberts what would come next proposed early Wednesday to buy Walt Disney Co Gold about his performance and lack of a succession plan as Disney's chief executive In a sign that investors expect a nasty fight, Disney's shares shot up $3 Comcast's stunning proposal was made even as Disney boss Michael Eisner is fending off criticism from former board members Roy E â€â€?â€â€?â€â€? On the Net: http://www Comcast said Eisner declined earlier this week to discuss a possible merger Michael Citrick, spokesman for Disney and Gold, said they had no immediate comment 31 thanks to continued strong demand for its digital cable and high-speed Internet services 9 billion in debt held by Disney, which also owns ABC and ESPN television networks Roberts said the combination "would create one of the world's premier entertainment and communications companies, and, we believe, restore the Disney brand to prominence and the company to growth The letter from Roberts called it "unfortunate" that Eisner was not willing to enter into discussions Disney, the nephew of Disney founder Walt Disney, and Stanley E aspx?m=91084 class="art">Lost in Space" and "=/movies/movie " "Without giving anything away, I think there are still quite a few surprises in store," he said aspx?c=208542 class="art">Lisa Kudrow, =/celebs/celeb com/d/search/p/msn/html/ent/?ctxtId=30&Partner=msn_home_ent_ctxt&maxCount=2&type=news&bgcolor=ebe4ce" frameBorder=No width="100%" scrolling=no height=220></IFRAME></TD></TR></TBODY></TABLE> Viewers want "to see what happens to him as his life goes on," Zucker said The sitcom's final season will include only 18 new episodes (Story continues below LeBlanc's pay for "Joey" was not discussed, but the network release noted his deal calls for him to star in two feature films for Warner Bros aspx?m=177710 class="art">Charlie's Angels" movies, "=/movies/movie aspx?c=163389 class="art">Matthew Perry, =/celebs/celeb NBC will round out the season with six episodes from past seasons, with viewers invited to vote for their favorite m He compared the situation to that of "Cheers" spinoff "Frasier," another NBC sitcom that went ahead with only some of the original show's creators Pictures com/tv/search/?query=friends&exact=Friends&narrow=&scope=title&page=1&sort=chronological&cats=&episode=&showBest=false class="art">Friends" is paring down to one friend The castmates had negotiated $1 million-an-episode salaries for all in the ninth season The rest of the cast has yet to be determined aspx?m=9856 class="art">Ed Television ) <TABLE style="BORDER-RIGHT: #fff 1px solid; BORDER-TOP: #aaa591 1px solid; BORDER-LEFT: #aaa591 1px solid; BORDER-BOTTOM: #fff 1px solid; BACKGROUND-COLOR: #ebe4ce" cellSpacing=0 cellPadding=0 width=400> <TBODY> <TR style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; PADDING-LEFT: 15px; BORDER-LEFT: medium none; PADDING-TOP: 10px; BORDER-BOTTOM: medium none"><B>Sponsored Sites</B></TD></TR> <TR> <TD><IFRAME src="http://html aspx?c=188442 class="art">Matt LeBlanc will star in a spinoff of the hit NBC comedy that will wrap up a 10-year run with the 2003-04 season, NBC Entertainment President Jeff Zucker announced Thursday " Zucker was asked if continuing suspense over the relationship between Joey and Aniston's Rachel is killed because she's not part of the spinoff The remaining "Friends" creators, Marta Kauffman and David Crane, aren't involved but have given the spinoff their blessing, Zucker said Joey Tribbiani, now a soap star living in New York, may move to Los Angeles, Zucker said msn "Friends" is produced by Warner Bros aspx?c=275224 class="art">David Schwimmer and =/celebs/celeb The Emmy-nominated LeBlanc was the only one approached about a new series, Zucker said One of the creators and executive producers of "Friends," Kevin Bright, will serve as executive producer of "Joey," joined by two other "Friends" executive producers, Scott Silveri and Shana Goldberg-Meehan "Joey" will take over the 8 p LeBlanc's film credits include small roles in the two "=/movies/movie Thursday time slot held by "Friends aspx?c=368005 class="art">Courteney Cox Arquette He replied by promising a strong final year for "Friends overture " "You probably would never have predicted this when it began, but over the evolution of that show ('Friends') Joey has emerged as the character that America roots for and loves," Zucker told the Television Critics Association Left out are "Friends" co-stars =/celebs/celeb =/celebs/celeb aspx?c=186410 class="art">Jennifer Aniston, =/celebs/celeb 'Joey' Spins Off 'Friends' Jul 24, 5:03 PM EST NEW YORK (AP) -- "=http://entertainment |
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