Weekend Plans With ESPN’s Adnan Virk Disney, NASCAR To Promote "Cars 3" ESPN's "GameDay" Reaches Milestone Dakich Slated To Call Next Michigan State Game Trump Passing On Filling Out Bracket For ESPN Minute Media Closes On $15M Investment Round ESPN Denies Report On "Sports Reporters" Jim Brady Shines Light On ESPN Social Media Policy Durant's OKC Return Draws Well For ABC/ESPN Sources: Wojnarowski Close To Joining ESPN
DISNEY EARNINGS UP; COMPANY ANNOUNCES 3-FOR-1 STOCK SPLIT
Published April 23, 1998
The Walt Disney Co. reported Wednesday that earnings rose 22% in its fiscal 2Q ended March 31 "as theme-park and ESPN operations more than offset lower creative content segment results and film write-downs," according to Jeffrey Daniels of the HOLLYWOOD REPORTER. For the quarter, Disney earned $384M, or $0.55 a diluted share, up 22% from pro- forma net of $316M, or $0.46 a share, in the year-earlier period. The latest quarter included a gain of $24M from the sale of its interest in Scandanavian Broadcasting System SA. (HOLLYWOOD REPORTER, 4/23). In N.Y., Bruce Orwall reports that Disney also announced a 3-for-1 stock split for shareholders of record May 1. The split, to be effected by means of a special dividend, will "probably be completed in July" (Bruce Orwall, WALL STREET JOURNAL, 4/23).