TV Woes Hurt Disney Earnings

Feb 4, 2009  •  Post A Comment

Walt Disney Co. said its profits fell 32% because of lower earnings at its broadcast and cable TV divisions, TelevisionWeek reports. The company took at $60 million bad debt charge in its syndication unit because of the Tribune Co. bankruptcy. Disney CEO Bob Iger warned that even when the economy recovers, normal “isn’t necessarily going to look like the normal that we’re used to,” TVWeek reports.
—Jon Lafayette

One Comment

  1. This is the excuse they will use for laying off employees. It will happen any second. Wonder if the total salaries and benefits of the employees they lay off this year, will match CEO Bob Iger’s 17 MILLION DOLLAR bonus?
    According to one report, US consumer spending on Wall E dvds alone were $134,001,382 … watch how many people have to lose their jobs and how few new attractions/events & deals there are for the massive amount of money we pay for their parks and products.

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