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Disney profit doubles on networks, studios, parks - Reuters 11/09/06

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  • Disney profit doubles on networks, studios, parks - Reuters 11/09/06

    Disney profit doubles on networks, studios, parks

    By Gina Keating - Reuters - 11/09/06

    LOS ANGELES (Reuters) - The Walt Disney Co. said on Thursday its quarterly profit doubled on strong results for its films, TV networks and theme parks, but its shares fell 2 percent after touching a five-year high in regular trade.
    Expectations for the company have risen since Chief Executive Robert Iger took over last year and began an aggressive series of moves including buying Pixar Animation Studios, cutting production and staff at the film division, and offering TV shows and movies for sale on the Internet.
    Full Story Available HERE:
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