MOUSE MAY BE ROARING AGAIN DISNEY PROFITS RISING SHARPLY.Byline: Greg Hernandez Staff Writer Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co.'s president said Tuesday that the company was expecting strong earnings growth during the next fiscal year due in part to a solid advertising market that was benefiting the Burbank-based entertainment conglomerate's radio and television networks. Disney President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Robert Iger Robert A. "Bob" Iger (born February 10 1951) is head of the Walt Disney Company. He has been president since January 2000 and CEO since October 2005. Early Life Iger was born in Oceanside, New York. said the confidence was also due to expectations of a strong performance from the studio division - which is enjoying phenomenal DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. success - and gradual recovery of its theme parks. ``The marketplace is coming back gradually but consistently,'' Iger said at an investment conference hosted by Goldman Sachs in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Iger would not say when he expected ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. to once again be profitable, but the executive was optimistic because the ratings-challenged network has enjoyed a strong start to the fall television season which should help with advertising rates. ``If performance were to hold, based on last week, we would be in good shape,'' Iger said. Iger said Disney's radio stations and radio networks saw mid- to high-single digit advertising growth in the fourth quarter due to strength in the major markets. Iger's remarks were ``in line with my general expectation for the company and the industry,'' said media analyst David Joyce of Miami-based Guzman and Associates. ``I think we are coming out of the recession and generally experiencing advertising growth.'' In the area of theme parks, Disney has been hit especially hard over the past two years, with international tourism taking a major hit after the 9-11 terrorist attacks against the U.S. But Iger said Disney had seen some improvement due to special promotions, such as a package that offered visitors to Florida's Walt Disney World Noun 1. Walt Disney World - a large amusement park established in 1971 to the southwest of Orlando Orlando - a city in central Florida; site of Walt Disney World Resort seven nights for the price of four. ``It's been wise that they have some promotions,'' Joyce said. ``Everyone knows it is a rough tourism environment, with terrorism having a lingering affect. But there is a lot of pent-up demand for people to go to Disney parks.'' Greg Hernandez, (818) 713-3758 greg.hernandez(at)dailynews.com |
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