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She joined Disney in 1996 She also oversaw the launch of Disney channels in other countries, as well as the creation of cable channels Toon Disney and SoapNet domestically His revised duties have yet to be determined Analysts said improvement in Disney's theme park and animated film operations are more important for an overall corporate recovery "From a Wall Street perspective, it's tough to know who runs what," said David Miller, an analyst with Sanders Morris Harris 2 million for ratings leader CBS, according to Nielsen Media Research In the week ended April 4, ABC had an average of 7 Disney to Reshuffle Management at ABC Apr 11, 12:56 PM EST The Walt Disney Co Though ABC has developed sitcoms like "According to Jim" that partly stemmed its ratings slide on some nights, it needs to find a hit reality show or a compelling drama to hook viewers, analysts said "But as I rank the problems, my concerns over ABC are bottom of the barrel Several months ago, Sweeney was given the task of turning around the ailing ABC Family channel, which Disney acquired as part of its $5 "The resident management will take the blame," said Harold Vogel, CEO of Vogel Capital Management in New York " Poor ratings also hinder recoveries because producers tend to take their best shows to more successful networks Meanwhile, Anne Sweeney, a rising star credited with expanding the reach of Disney's non-sports cable networks, will likely be given a more prominent role at the struggling network, sources said "They are going to do something just to show there is some momentum to the shareholders "It's probably a very smart thing to do Braun previously served as co-chairman of Disney's television division with Stu Bloomberg, who was fired when ABC slipped to third place among the networks after the collapse of its once-hot quiz show, "Who Wants to Be a Millionaire " Analysts point out that broadcast television is a notoriously cyclical business, with turnarounds often taking years and hinging on shows becoming mega-hits like NBC's "The Apprentice" or Fox's "American Idol ABC is only part of Disney's larger media networks division, which includes the profitable Disney Channel and ESPN sports network 2 billion purchase of Fox Family Worldwide in 2001 " Disney is expected to elevate Sweeney, chief of ABC Cable Networks, to a more prominent role, possibly taking on some of the responsibilities held by Braun and Wallau As president of Disney Channels Worldwide, she presided over the expansion of the Disney cable channel from 14 million homes to more than 80 million homes as cable companies moved the channel from a pay service to the basic cable tier The changes are seen as an effort to buy more time for a Disney recovery while fending off critics of the media conglomerate, including large pension funds and dissident ex-board members "The first stop will be CBS and NBC "When you're at the bottom of the heap, you're not the first stop for the good stuff," Wolzien said Susan Lyne, president of ABC Entertainment, is expected to remain and be given more authority over the prime-time schedule " As a result, analysts view the ABC shake-up as more symbolic than effective â€â€? at least in the short term "I'm sure Disney management would like to see improvement in any area sooner rather than later," said Janna Sampson, co-manager of the AmSouth Select Equity Fund and director of Portfolio Management at Oakbrook Investments made an unsolicited $54 billion bid for the company in February and singled out the network for improvement Disney's board has rejected the bid as too low " Analysts said doing something â€â€? anything â€â€? will likely please Disney investors The moves include the departure of Lloyd Braun, who has served as chairman of the ABC Entertainment Television Group since 2002, according to company sources familiar with the matter The network could benefit if the shake-up reduces the number of hoops programmers must jump through to get a show on the air " Still, ABC has become a growing source of embarrassment and frustration at Disney, especially after cable giant Comcast Corp is planning a management shake-up at its fourth-place ABC network to stem a ratings slide and placate dissatisfied investors 4 million viewers a night, compared to 13 " The executive changes, which are still being discussed, include a new role for Alex Wallau, who has been president of ABC since 2000 overseeing news, sports, daytime and children's programming as well as the prime-time schedule "As it stands right now, there's too much bureaucracy, and you can't make creative decisions in a bureaucracy Pilots for the fall season are already in production and the networks will present their lineups to advertisers in a few months "Everybody understands if you put a new management into a network you're not going to see results overnight, and if you do it's just luck," said Tom Wolzien, an analyst with Sanford C "They have to show they are doing something about it and the only clear way to do that is move people around or get rid of people," said Paul Kim, an analyst at Tradition Asiel Securities Bernstein & Co Anderson, 48, was to perform at the Charleston Sternwheel Regatta on Saturday night but was taken to the hospital that afternoon Sharon King Country Singer Anderson Has Heart Surgery Sep 1, 11:57 AM EST Country musician John Anderson was recovering from surgery after suffering a heart attack at a Charleston hotel over the weekend Anderson had been having chest pains, said Della Croce "He's in good spirits," the publicist said The singer had an angioplasty and a stent was placed in his heart during surgery, Della Croce said "The production group told me he tried to leave the hospital twice because he'd never missed a show before," said the festival's director, M Della Croce said an announcement about future performance dates will be made mid-week Anderson's touring schedule is suspended for the time being "He's expected to be released later in the week In 1993, Anderson, who lives in Smithville, Tenn His album "Seminole Wind" went double platinum in 1992 He was hospitalized in stable condition Monday, said publicist Jim Della Croce , won an Academy of Country Music Career Achievement award " Anderson's 1983 hit "Swingin'" â€â€? the largest-selling country single in Warner Bros history â€â€? was named best single of the year by the Country Music Association |
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