Stocks: (DIS)(TWX)(VIA)The most important point about the new Disney earnings is that the company’s studio did well Rivals like Time Warner and Viacom cannot make the same boast.While bookings at its theme parks where flat, results at the company’s studio soared, primarily because “Pirates of the Caribbean” did so well. Disney has also cut 450 jobs at its studio to bring costs down. Are managers at the other media companies listening?Disney’s stock, which is near a five year high, dropped slightly on the report. The market wonders if the company can keep the pace. but Mr. Iger has confounded his critics since being elevated to the CEO’s job. The company said its should have double digit earnings growth in its fiscal 2008.Disney’s studio results were buttressed by strong results at ABC and ESPN.The stock may be at a five-year high, but it could go higher.Betting against Iger is getting to be a nasty business.Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
The Mouse That Roared: Disney Comes On Strong
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
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