StubHub Sees 32% Revenue Growth For Q3 AlphaDraft To End Paid Contests After Friday Comscore Rankings See ESPN Post Largest Margin Upcoming IPO Will Value Acushnet At $1.7B Fed Reportedly Sees WME-UFC Deal As "Problematic" ESPN Returns To Top Of ComScore Rankings Broussard Latest ESPN Personality Leaving For FS1 ESPN's "College GameDay" Teams With Snapchat Hill, Smith Ready For "SportsCenter" Profile Bump Hill, Smith To Co-Anchor "SportsCenter"
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).