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"It is very important to focus on the strength ESPN delivers," Iger said People continue to wait until the last minute to book vacations at Disney's domestic results, making it difficult to predict a recovery anytime soon, Disney said But in response to a question from an analyst, Staggs said a sale would probably be counted as a profit instead of a loss disney , was up slightly, according to Disney chief financial officer Thomas Staggs With the latest animated film from Pixar Animation Studios coming at the end of May, Eisner said he is personally involved in negotiating a new deal with Pixar ESPN demands about $2 per cable subscriber "It's one of the strongest brands in all television "You should not anticipate a loss on the sale at this point," Staggs said Iger also defended a decision by ESPN to seek the full 20 percent increase in rates it is allowed under contracts with cable operators 86 billion in the same quarter last year Revenues increased 8 percent to $6 com "The conditions we set at the beginning of the year didn't materialize," Staggs said during a conference call " Revenue increased slightly at Disney's media networks division, which includes the ABC Television network as well as cable channels such as ESPN and the Disney Channel The company also said that war coverage cost about $32 million from operating profit with up to $20 million expected in the current quarter "Our relationship couldn't be better and we have a mutual interest to come together "You should not anticipate a gain that's a big deal, either The company reported a profit of $229 million, or 11 cents per share in the quarter ended March 31, compared to $259 million, or 13 cents per share in the same period last year War, Terror Fears Lower Disney Earnings May 2, 7:03 AM EST The Walt Disney Co Disney would not confirm reports that it has reached a deal to sell its Anaheim Angels baseball team to Arturo Moreno for about $180 million struggled with fears of terrorism and war in Iraq, which depressed vacation travel and boosted costs at its ABC network division, leading to a nearly 12 percent drop in net income "We are hesitant to give a specific guidance Operating income declined at its theme parks, television and consumer products divisions "We believe the 20 percent increase is justified and delivering real value to everyone along the food chain," Iger said "We're optimistic ABC will be better positioned in the upfront market," Iger said At the company's annual shareholders' meeting earlier this year, Disney said it would not meet its earlier estimates of earnings per share growth of 25 percent to 35 percent "It is going along well," Eisner said of the talks " Disney paid a total of $147 million to buy the team from owner Gene Autry Ratings have since declined The results released Thursday matched the expectations of analysts surveyed by Thomson First Call Disney president Robert Iger said he was satisfied with ABC's progress from last year, although much of the network's successes came in last fall Attendance at its Walt Disney World Resort was off 7 percent during the quarter, while attendance at the Disneyland Resort in Anaheim, Calif Staggs declined to give any guidance for future quarters or fiscal 2003 earnings It also spent $100 million to refurbish Edison Field in Anaheim, Calif Iger said he expects the rates advertisers will be willing to pay for ads will increase later this year after ABC unveils its new fall schedule, which will lean heavily on new comedies " â€â€?â€â€?â€â€? On the Net: http://www Eisner said the company has suffered because of fears of terrorism as well as the war in Iraq 33 billion from $5 " Iger also said cable companies are being given the option to renew for lower rates in exchange for longer contracts But operating income dropped 25 percent to $232 million due to higher programming and production costs One bright spot during the quarter was Disney's movie division, which saw operating income increase to $206 million from $27 million in the same quarter last year on strong sales of DVDs and videotapes worldwide He went back to the set Monday and filming for the movie was expected to wrap up in two days, she said Colin Farrell Recovering From Foot Injury Feb 9, 9:40 PM EST Colin Farrell was recovering from a foot injury after he slipped and fell on the stairway of his Bangkok hotel over the weekend, his publicist said Monday Farrell stars as the Macedonian conqueror Alexander the Great in the film, along with Angelina Jolie, Anthony Hopkins and Jared Leto The 27-year-old actor is in Thailand filming the epic "Alexander " Farrell was fitted with a cast and released from a hospital, publicist Susan Patricola said |
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