Tom Staggs

Another Down Quarter for Disney, but Cable’s OK

Peter Kafka in Media on May 5, 2009 at 1:14 pm PT

A bad quarter for Disney, but it could have been worse–at least Wall Street was expecting it. After factoring out one-time charges and write-offs, Bob Iger and company earned 43 cents a share on revenues of $8.1 billion. Wall Street had been looking for 40 cents and $8.15 billion, respectively. The bright spot for the entertainment conglomerate is the same one you see at every media giant these days: Disney’s cable business.

Disney: Online Ads Have Been Softening for a While

Peter Kafka in Media on November 7, 2008 at 7:57 am PT

The conventional wisdom is that the digital ad market started sputtering this fall. But Disney CFO Tom Staggs hints that it has been weakening for much of the year. So what does that mean for 2009?