Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Disney to unveil quarterly earnings

Janet Babin May 6, 2008
HTML EMBED:
COPY

Disney to unveil quarterly earnings

Janet Babin May 6, 2008
HTML EMBED:
COPY

TEXT OF STORY

Renita Jablonski: Investors find out later today whether the ailing economy has put a damper on Walt Disney’s bottom line. Marketplace’s Janet Babin reports from North Carolina Public Radio


Janet Babin: With gas close to four bucks a gallon, a lot of summer vacations will probably be spent on the couch. That wouldn’t be too bad for Disney — the biggest part of its revenue comes from ads on its TV networks. Its Achilles heel, though, may be the Magic Kingdom. Disney theme parks and cruise lines have suffered in prior recessions. But analyst Nicole Black at Wachovia expects the company will tough it out and even see profits increase.

Nicole Black: They’re very well diversified across things like movies, cable channels, network channels, resorts. They have a very large consumer products business.

One of Disney’s best known brands had a scare last week. Hannah Montana’s 15-year-old star turned up in a racy magazine spread. Dade Hayes is Variety’s New York Bureau Chief. He says Disney’s contained the damage.

Dade Hayes: To me it doesn’t seem like a Lindsey Lohan meltdown.

Too bad Disney hasn’t been able to contain high gas prices and consumer confidence.

I’m Janet Babin for Marketplace.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.